95% losers - Fact or Fiction?
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Thread: 95% losers - Fact or Fiction?

  1. #1
    I had always been lead to believe that 95% of traders lose consistantly and lately connected social networking website currensee.... What I have discovered on his website is definitely more than 5 percent consistant winners and these accounts are all live, so I googled it and came up with some advice from a resource at currensee...

    Currensee, since you know is more than a social media, actually its largely business here at currensee http://blogs.fxstreet.com/francesc/w...icon_smile.gif.
    I have heard the amount of 95% traders neglecting a few times before and I must tell you I think it's worth looking into as the reduction of the spreads and experience traders have today changes these numbers.
    Within Our traders community for example (and we just have traders with actual accounts) we find that more than 30 percent of these were consistently profitable in 2009.
    I'd be be happy to discuss with you if you're interested.
    Thanks,
    -- Asaf.
    If you examine closely the debates for the CFTC for restricting Forex in the US is because they take a blunt strategy that all retail forex traders are unsophistied and they all lose money - that I strongly think it's time to edue the CFTC just a bit and have them admit that Forex is a valid asset class where a few make money and a few shed but it's not that different than Stock, choices or Futures.
    Here is some of the advice for the month of January 2010 split by the broker title for those brokers we have the maximum traders on.
    MBTrading - 47% of traders made money
    IBFX - 46% of traders made money
    FXDD - 45% of traders made money
    Forex.com 43 percent of traders made money
    FXCM - 38 percent of traders made money
    The most profitable pair for the month of January was EUR/USD with 51% of those traders that traded that pair made cash.
    I'd be happy to give you more detailed information via email (asaf in currensee dot com)
    -- Asaf.

    Very interesting indeed.... What's 95% losers a fantasy or does currensee have greater traders?

    Regards,

    .

  2. #2
    Quote Originally Posted by ;
    I think in 95 percent or maybe even in 99 percent
    IMHO numbers are manipulated by brokers to encourage individuals to open accounts together. In my experience and I have lots of it (but I am still in 95 percent )I have observed a lot of mentors, brilliant egy, etc, no one is ideal and fails as it involves extended term. Still trying to find the winners...
    Your instinct serves you well. It's approximately 80% shedding, breakeven that is 15%, 5. And the stats are gamed at most brokerages. Not a dialog to get deep into, given that the sponsorship of FF is by brokers, but it always pays to understand the market that your own trading.

  3. #3
    Makes you wonder just how many bulls and bears lose.

    Oh the volatility

  4. #4
    This is my take on this, yet another Forex Myth, find what works for you

    so, with countless millions of Forex traders out there, everybody must find what works for them

    but nothey do not locate anything works for them, since they are 95% losers

    therefore that it's time to re-invent this information, how about?

    Find what works for one of the 5 percent traders, and get him to teach you what works for him

  5. #5
    Quote Originally Posted by ;
    Here is my take on this, yet another Forex Myth, find what works for you , with countless millions of Forex traders out there, everyone has to find what works for them but nothey don't find anything works for them, since they are 95% losers so it's time to re-invent this advice, just about? Discover what works for one of those 5 percent traders, and convince him to teach you what works for him
    That's a great take by inversing the common adage. Positive and Productive advice...

  6. #6
    I believe this has too many numbers here, but probably not too far fetched. I'm just inclined to believe that 5% is speaking about successful traders that are making big bucks, but out of that 95 percent you are able to determine another 5-7% of relatively profitable traders, they simply don't have as many profitable trades, but if they are in the profit.

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