I had always been lead to believe that 95% of traders lose consistantly and recently joined social networking site currensee ..... what i have found on his site is definitely more than 5% consistant winners and these accounts are all live, so I googled it and came up with some information from a source at currensee...
Currensee, as you know is more than a social network, in fact its mostly business here at currensee http://blogs.fxstreet.com/francesc/w...icon_smile.gif .
Ive heard the number of 95% traders failing a few times before and I have to tell you that I think its worth looking into as the reduction of the spreads and experience traders have today changes these statistics.
In Our traders community for example (and we only have traders with real accounts) we see that more than 30% of them were consistently profitable in 2009.
Id be be happy to share more with you if you are interested.
Thanks,
Asaf.
If you read closely the arguments for the CFTC for restricting Forex in the US is because they take a blunt approach that all retail forex traders are unsophisticated and they all lose money - I strongly think its time to educate the CFTC a little and have them acknowledge that Forex is a legitimate asset class where some make money and some lose but its not that different than Stock, options or Futures.
Here is some of the information for the month of January 2010 split by the broker name for the brokers we have the most traders on.
MBTrading - 47% of traders made money
IBFX - 46% of traders made money
FXDD - 45% of traders made money
Forex.com 43% of traders made money
FXCM - 38% of traders made money
The most profitable pair for the month of January was EUR/USD with 51% of the traders who traded that pair made money.
Id be happy to give you more detailed information via email (asaf at currensee dot com)
Asaf.
Very interesting indeed.... so is 95% losers a myth or does currensee have better traders?
Regards,
Temps.
Currensee, as you know is more than a social network, in fact its mostly business here at currensee http://blogs.fxstreet.com/francesc/w...icon_smile.gif .
Ive heard the number of 95% traders failing a few times before and I have to tell you that I think its worth looking into as the reduction of the spreads and experience traders have today changes these statistics.
In Our traders community for example (and we only have traders with real accounts) we see that more than 30% of them were consistently profitable in 2009.
Id be be happy to share more with you if you are interested.
Thanks,
Asaf.
If you read closely the arguments for the CFTC for restricting Forex in the US is because they take a blunt approach that all retail forex traders are unsophisticated and they all lose money - I strongly think its time to educate the CFTC a little and have them acknowledge that Forex is a legitimate asset class where some make money and some lose but its not that different than Stock, options or Futures.
Here is some of the information for the month of January 2010 split by the broker name for the brokers we have the most traders on.
MBTrading - 47% of traders made money
IBFX - 46% of traders made money
FXDD - 45% of traders made money
Forex.com 43% of traders made money
FXCM - 38% of traders made money
The most profitable pair for the month of January was EUR/USD with 51% of the traders who traded that pair made money.
Id be happy to give you more detailed information via email (asaf at currensee dot com)
Asaf.
Very interesting indeed.... so is 95% losers a myth or does currensee have better traders?
Regards,
Temps.