90% of traders lose money?

I think it is not about the materials available, it is about the effort people are willing to put in the task. The internet is full of materials to learn, some better and some worse. A collective of people provided with the same tools will have different results. Some of them are cleverer than others, some of them even being less clever than the first ones will be willing to put a bigger effort in learning the tools. Some of them are lazy and they just want to spend the less time as possible on the task. And finally some of them are not up to the level of intelligence to the required task.

It is said that you have to spend about 6 months of learning and paper trading before trying to trade with real money. Spending 3 hours a day for 180 days makes 540 hours of learning, just to start.

How many people out there have spent that minimum of 540h before trying to get real results. I guess that if anyone has reached the level of 540h most probably that person is willing to reach the 1Kh, 2kh of even 5kh (that mark is supposed to be the one that makes you a real professional).

So I guess that the people that don’t reach the 540h mark are just the 95%.

according to trading buddies on the skype room…they disappeared gradually one after another…so i believe this 90% rule.:46:

Yes you are right most of the traders are looser. It does not means market is not fair with them they just join forex to make high profits at once ,they are not enough skilled to handle trades ,so they put them self in high risks result is in total loss for them . They can not survive for a long time.

Its reality that was happened in forex business where almost new trader get fails and fails at initially join this business , no other reason except they not know the rule of business risk concept while they has know forex investment business is the investment business type that will bring the richeness of every people who join in that field . But actually they have wrong mindset about that

Forex trading is a skill that takes time to practice.
Most traders do not have the experience and skill to trade and therefore loses money.

20-80 rule tell us that only small part could success in any industry, become top 20% is the power of development. If you always keep learning, willing to share and keep update mind, maybe you will find you are one of the yop 20%.

It is really not easy to be in the top 20.
I had demo traded before and lose money, in spite of having read through the candlestick part of the school.

If you are willing to learn and have the patience to do this then you will become profitable, if you seek quick profits then sooner or later you will lose your money.

Well, It’s true most traders don’t make it and do lose money. Should you throw in the towel and quit because of that? To me no! not at all! But that is up to you, if your not willing to spend money to make money than this is not the market for you. but i look at all the money lost as tuition for school like. Everytime I lose, I LEARN! Learn from the school here, get a grip on trading, open a DEMO account ( FREE with fake money but you can trade on it to see what the market is like) and trade. If you like it, continue and demo for months and get a strong grip before you go live. Once you do go live, Use micro lots so you don’t risk much money. 90% lose 10% make it, So being in that 10% means dedication and a strong stomach for some points in all honesty. But if you can do it, You’ll be happy you did! Never give up because someone threw the numbers at you, everything is free the info you need to get going, opening a demo account to start demo trading, all free to get you started, the only thing you lose to start is some time!

Best of luck

Jason

It is really true that here 90% of traders are not successful. Moreover i think more than 90% of Forex traders are not successful in FOREX TRADING MARKET. Because Forex trading market goes against the human sentiment. So every trader should be out of his individual sentiment if he wants to be a professional trader in Forex trading market.

You are right , even the trader who has been sucessful trader has possibility to loss again and will add the percentage of 90% trader lose money , while for trader not successful find hard to not part of lose money traders

Let s be more specific, 100% of traders lose money. Hence the term “Maximum Drawdown”. Just like prices on charts move in zigzags, so does portfolio performance in most time frames.

But if you mean “wiped out” then yes, some survive the storm in the longer term, others don’t. I have no idea what % is a winner or a loser at any given time and how this % changes over time. All i know is it is more important to compare “your” performance today with yesterday’s and attempt to fine tune that tomorrow. Like anything else, it is about self improvement. Statistics are what they are, Not always accurate and not fixed for eternity. I read an article like that when i first started. I think the only pro about such statistics/articles is that it enforces newbies to think about risk before thinking about profits.
A good start for survival!!

Isn’t it 95%?

It is not the point of 90 or 95% but the main thing is that majority of forex trades are on losing side and only few are making good money in trading. The majority of losers in forex are new traders and those who think forex is a get rich quick scheme.

May be more or less than 90%, but the truth should be similar that only few trader could make profits in the long term, and most will lost, it’s common rules in business field, what we do is try to become the top traders.

95 % of people loosing their money and only 5% know how to earn on Forex

95% lose and in the 5 % less I think less then 1% actually makes money. because you also have the break even people.

90,95% traders loosing money…Why are you here then if you honestly believe that?Would you bet months of your life and lets say 20k of your money on 95% loosing bet.In that case you have a higher chance of placing a 1 trade, all in go short or long at least that’s 50/50 right.I don’t think so.
Take a kid as an example who starts playing soccer what are the chances him becoming a pro?Same.Why?Not because he doesn’t have the talent to be at least mediocre 3rd league player in the uk with an average Joe’s income.It is because he gives up,get’s bores,older and finds different interests.If he gave it all,lot of training daily,atc. and sacrificed a lot along the way he would even without any talent.
Also to mention a lot of people opens a 200 or so account just to give it a go.Lets buy low and sell high right mentality without proper research,training and knowledge.Its not that hard they might reckon.Only to find themselves loosing it all and continuing with their daily jobs without ever looking back without realising that their logic was sound it was their emotions and psyche that failed them

I worked for one of the UK spread betting companies and that figure felt correct. I think part of the problem is the aggressive sales techniques employed on clients with no experience. Novice traders can open and fund accounts with little or no knowledge of forex. I think that 90% figure could be improved upon if there was a bit more discretion about who opened accounts.

Gary

There is not much horror in forex trading. I was also frightened before starting it. After much practice forex become easy for me . I loose in it but gradually I made profit in it . Forex may be difficult for many people but it is not reality that more than 90% are fail in forex market.