90% of traders lose money?

The numbers tend to suggest your belief is wrong. See 301 Moved Permanently

It’s been proven - to a certain degree, and that’s as close as anyone of us will get to a real and honest answer. As linked by [I]rhodytrader[/I], have a look.

I would think that’s probably right, for most people, most of the time. That’s in [B]huge contrast[/B] to reading accredited textbooks, though.

What goes into forex “blogs and articles” mostly goes there for promotional/marketing purposes, and that’s exactly what you need to avoid, because it’s usually been published with no quality control, no editorial approval, no peer review, and for reasons more to do with promoting other people’s businesses than with helping you.

This is why you’re generally far, far safer and better off reading long-established, accredited, mainstream, orthodox textbooks (to which very few of the above problems generally apply!) instead. Bear in mind that you’re trying to be one of a small minority, who ever achieve what you’re trying to do, so you really can’t afford to stack the deck even further against yourself in a field in which overall success-rates are so low.

A rather widespread misunderstanding.

It sounds so superficially attractive, doesn’t it, to express the view that practical experience is needed to master a practical technique? Who could possibly argue with that?

The reality is that it’s a sentiment which leads [I]huge[/I] numbers of people astray.

Yes, it’s needed, too - but [B]later[/B].

One of the important and very significant differences between an aspiring trader with 3 years’ good experience and another with 3 months’ poor experience repeated twelve times over is typically that the latter believed what you’ve just said, above, and tried to put it into practice without [B][U]first[/U][/B] having mastered the essentials of the counterintuitive subjects of probability and statistics that all successful traders need to come to terms with not only to become successful but also [I][U]to benefit from their learning experience[/U][/I].

For this reason, what you’re saying above (and elsewhere) is actually misguided.

It is not a myth but actually a reality. But it is due to the fact that most of the traders aimlessly in order to just earn profits. The first and foremost reason that most of the traders don’t succeed is that they lack persistence and patience. Instead of this one should treat trading as a business and trade as dedicately as they do business to earn living. Even after suffering loss keep the spirit to go on.

For those with an interest, I’ve posted some additional research here. That post actually looks at quit rates.

Measuring the number of losers is pretty hard as forex is worldwide business and large number of people are attached with this business from all over the world, most of them are failing due to lack of knowledge, experience and skills and I think 70-80% are loosing and rest of the people are earning reasonable amount.

I think that’s about accurate. Accurate statistic. Because a large portion of traders who lose their money, get disappointed when losing their money and without trying to figure out why leave with nothing.

people need experience and skill not to get loss in FX, go to the library and borrow some books. 99% of anything you read online will be biased towards getting you to buy some forex product or service, such as creating an account on a trading platform.

The easiest and the most effective way for gaining knowledge on Forex is reading many Forex tutorials and trading on demo account. Reading will help you to get the basic knowledge on Forex, and trying on Demo accounts will help you to practice your knowledge. Nowadays there are thousands of tutorials, and many brokers who offer trading on demo accounts.

May be 95% lose because they morons!
Id say most lose because they have no system that is reliable . it takes a long time to develop and think through.

Its about concept and how fast it takes you to come to the conceptual change. The market is a puzzle . it can be adapted to.

Indicators don’t adapt. System need to adapt based on market movement and you have to adjust to that movement.

I don’t believe this statistic, but it’s true maximum retail Forex traders are loser! On the other hand, professional Forex traders who are making huge amount of money here they are silent! Day by day the popularity of Forex business has been increasing very rapidly in all over the world, because of it’s earning possibilities!

90 % is on the low side, unless you are talking about people who sign up for a few days and then leave. It’s well over 99 % in the long run. Most people who claim to win on these forums are lying. Look at the systems they talk about; it’s mainly “technical analysis”, which is just as effective as astrology.

If you complain that it doesn’t work, forum posters will say you just need to study more. Study what? It doesn’t matter how much you study astrology, it doesn’t make the predictions any better. It’s the same with forex.

Yes… From this forum someone did try to sell some systems… I say it lag…back test is forever perfect, I’m not interested in back test… I want now right now the moving price now what going to happen next… He say need to study… Lol… I just show him 1 photo a naked chart… I say if u can tell mi the system will tell mi what going to happen nx the price b up or down which all trader also want to kn I buy it…after tat no more reply


Mostly traders in particularly the newcomers fail due to discipline.

Discipline for risk management. but mainly traders fail as they don’t have the right education and have a million indicators about price action itself. One aspect/one context of a trade. That’s the scam. Stochs ,macd,fibs,gann, momentum , are all about price action meaning price going up or down. Think about it properly they tell you nothing of worth.

But even hardcore discipline people with risk management skills only can make some money in Forex. But with bad educating people give up as its all too hard. (and it is)

There are actually 2 problems. First of all, it is about people worrying too much about these percentages. 2nd, it is short cut that are preferred; hence, it is obvious that losses will be common! So, these are things that lead to all the trouble, if we clear our mind and work with discipline, it might not make us successful straight away, but eventually we will be in healthy position, but too tough to explain all this to newbies.

Trading is not fun for me because i must say that we have to become serious if we have to earn something, because in business you have to be a professional businessman so if you want to become a professional trader you must have to be serious about the trading so i can not do it for the fun. i just accept it as a profession so i have to be professonal. What you think?

Absolutely, everyone wants to make quick money and for that they prefer short-cuts. But forex is not at all a get rich quick business. Uniformity and discipline is must. Proper risk management techniques and learning about working of the market is essential. Along with high probability of making money, loses can also be there but with continuity and right approach one can aim ahead and become successful trader.

Why would you want to know if 90% are losers ?

Don’t be discouraged if 95% are losers and only 5% are winners. In those 5% there could be thousands if not millions of people. Everyone who goes to university and earns an IT degree can’t start a successful start up and be in the top 1%. Life is unfair. Same with trading what makes you think everyone who “tries” will be successful you to try harder. But a lot of variables will depend on you.

We must try to find a broker which has normal trading conditions and i think loosing is just a probability so is winning.

This statistics doesn’t look surprising taking into account the fact that 90% of traders are beginners who treat Forex as a source of easy money. So yeah, I’m not surprised at all. Newbies must understand that Forex is not about luck or intuition; it all comes down to persistent learning, practicing, and gaining experience.

90% loser, containing
new trader,
Revenge trader,
Emotion trader,
Place trade n forget trader,
Ego trader,
nervous trader,
Rely too much on indicator traders,
Blur traders,
Rely on luck traders,

So I think it contains of all this kind of traders. Sad to say… We r human… All of us hv abit of this and that. Forex is long term business. Have to Mantain it slowly n constancy. If any trader think it’s fast earning machine, I suggest casino is much better place . Free drink sometime free food somemore… Forex is unpredictable expecally when news going to b release. Indicater is lagging…it super perfect when back test… And It provides alot of signals and tat true. But… U get the signal when real price is going far away from u… So to b one of the 10% winner… It really not easy… Beside discipline, practice, experience n emotional control is v important. Just this few things, it easy to say than done. But at list we try. That y in Babypips here, all traders is helping one another. Like mi… I’m not the best, I’m one of the Iousy… need help n advise from other traders too. That where we learn, we control, we analyze, we try n error. Used to rely alot on indicator but now non indicater. B4 he or she become a real retail trader, he must know himself v well, what kind of trader he or she want to be. Long term? Short term? Scalper? Price reverse traders? From there then chose the best strategy that suit him. N don’t keep changing strategy, cos will get confused, hv confident. Learn price action, it help. Trade wisely.