Ha ha, I actually get a big grin on when I see that you have contributed, because you are the only person I know who has the ability to say 'you're all gonna die' 47 different ways without repeating a word. For my part your comments are welcome.

95% Lose in FX is a Myth: % Profitability in the US last year

Because as of right this moment they are the first documents I have been able to discover that disprove the 5% myth. I'm not on a pilgrimage, but I have succeeded in outlining that this popular statistic might in fact not be true. That was it. I ...

95% Lose in FX is a Myth: % Profitability in the US last year

So by inference everyone in here is a loser? You do have a remarkable bedside manner. You have made it clear you are a loser, I hope it was tongue in cheek but you commented that your largest loss on a trade was $500,000. If so, I place your input ...

95% Lose in FX is a Myth: % Profitability in the US last year

Don't let the truth get in the way of a good story.

95% Lose in FX is a Myth: % Profitability in the US last year

Absolutely not. But if I can have a kickback I can send my banking details? I found what appears to be a well researched document that shows the nay-sayers are in fact idiots so I thought I would share it. As of right now, I have yet to see a ...

95% Lose in FX is a Myth: % Profitability in the US last year

Google around. Or contact the brokers yourself and ask. Its what I did. It just so happens that I stumbled upon a report that supports the info I have been given over several years by any number of large organisations. I'm not quite sure why all the ...

95% Lose in FX is a Myth: % Profitability in the US last year

If you read my follow-up post, in order to qualify the accounts had to actually perform a minimum quantity of trades in the year to qualify as a 'live' account. Roll-over and interest did not count. If it suits you to position yourself in the 60% ...

95% Lose in FX is a Myth: % Profitability in the US last year

'Of course its wrong'. Not your finest material there bud. The more I read of the report the more I am convinced that this 5% is vapour. As far back as 2011 the LOWEST average over a year was 22%. So, lets do it this way. I challenge the ...

95% Lose in FX is a Myth: % Profitability in the US last year

Todays Chart on YM: The Japanese bond markets were rising steadily so we anticipated the short. We got multiple timeframe(range) confirmations across all settings and got a perfect signal for the short, nicely into the retracement.

DOW eMINI (YM)

I just laughed out loud.

95% Lose in FX is a Myth: % Profitability in the US last year

I have been trading for several years and am consistently 'profitable'. Every one of our team are profitable. I trade a set profile with obsessive money management. At the end of each month, I have more in my account than when I started. I take a % ...

95% Lose in FX is a Myth: % Profitability in the US last year

Hi mvp77, Yes, there I can agree with you 100%. Sadly it does seem that annually, over 50% lose. This isn't a fantastic statistic in any sense, but it does sound a bit better than 95%!

95% Lose in FX is a Myth: % Profitability in the US last year

Hi mvp77, I have not applied any logic. These are statistics. Out of almost 100,000 live, actively traded accounts for the last 3 years, pretty much a third of them are in profit. The sample was of every single account registered with a broad sample ...

95% Lose in FX is a Myth: % Profitability in the US last year

Hi Allen, The results were calculated on the basis that each account had to be traded a minimum quantity of times in order to be counted as 'live'. This should address the interest element. None of the figures are 'roll-overs'. The B market argument ...

95% Lose in FX is a Myth: % Profitability in the US last year

The 2011 figures: 43.3% in profit 41.0% 38.1% 36.2% 33.0% 33.0% 30.3% 29.9% 29.0% 26.9% 99,207 accounts evaluated. I may sound a little evangelical about this, but I see no sign of 5% profitable. The figures I have show CLEARLY that AT LEAST for the ...

95% Lose in FX is a Myth: % Profitability in the US last year

Hi ShanghaiMoon, Thank you for your response. Given you're a new member I'll assume you haven't been following the "Its impossible to make any money/Everyone Loses/Its all lies/Dont give up your day job" threads that pervade these forums. This ...

95% Lose in FX is a Myth: % Profitability in the US last year

url

95% traders go broke, only 5% survive

4,381 years... (chuckle)

I found it!

Am I the only one who can't see a chart..?

I found it!