90% of the people made losses in forex. Is this some kind of urban myth or what?

Just curious, been hearing this all around, just wonder how true is that the 90% of the people are unprofitable in forex :o

Because most of them take bad advice and try to ride on more successive people.

In the end its those who scream the loudest gets heard the percentage probably only has a less excessive figure.

Some guy posted this question a few days ago and it has been answered pretty thoroughly. Here’s the link 301 Moved Permanently

here take a look at this. keep in mind this report only covers 1 quarter at a time.
US Forex brokers profitability report for Q1 2011 | Forex Magnates