- Feb 24, 2019
99% is way too high
I'd be inclined to agree with you and furthermore profitable traders may once have been part of the 80% who lost money previously. Almost like a right of passage95% is an urban myth.
Quiet a few CEO's used to post on trade2win and they stated around 80% lost.
This has since been cofirmed with the EMSA rules, forcing brokers to disclose the exact percentage of their customers that lost as a disclaimer on the brokers website.
I'd be inclined to agree with you and furthermore profitable traders may once have been part of the 80% who lost money previously. Almost like a right of passage
You can’t trust 3rd party tool based trading system here; there is no way! And new traders shouldn’t buy any trading tool, never & ever!Exactly, there is no trusted statistics about how many traders lose. Stats are differnt for retail traders and institutional. With a small capital and a big one. Having a strategy or gambling. Gamblers really lose most of the times.Most individual traders are newbies and newbies are more likely to lose. The significant number of fails are not only in trading, but in any other industry, including business or politics. Does this mean that business is bad and no one should try it? No. Often, newbies lost their money and quit trading, so only those who overcome difficulties will remain, as in any other industry
The main reason is emotions and the fact, that first fails, push newbies to lack of self-confidence and underestimation of their own capabilities