I personally feel that most traders like the stigma attached to the high failure rate - regardless of how accurate or true it may be in reality. Being able to succeed in this industry represents success, and how better to measure your success by using the most valuable asset in the wordâŚwealth. At the end of the day success in trading, be it FX or any other asset class, is measured by wealth [profits]. This is not a business where you are manufacturing products, creating a global supply chain, pushing a global brand or growing an asset base. Trading is concerned around money - [I]an asset poor, cash rich approach[/I].
All you have to do is look at all the films that have been made around Wall Street and/or London Stock Exchange. In every possible concept, trading has been glamorised as a cash rich business. A lucrative industry for the highly educated and the risk taking individuals.
In short, I think a more achievable success rate would ruin the dream!