DislikedI read yesterday that a brokerage went on record recently to say that between 40% and 60% of their accounts were profitable. I have personally spoken with a VERY large brokerage in London who confirms that almost every account they have thats funded with more than $50,000 is in profit. In excess of 90%. I also know from a good friend who is the head of Forex for a large Australian outfit that the churn rate (how many start, fund, lose it and leave) on the micro accounts as he called it ($1,000 or less) is over 80%. Anyone depositing more than $10,000...Ignored
- Joined Aug 2013 | Status: Pip Slave | 661 Posts
In life you get 3 types of people, those who can count and those who can't.
- Joined Aug 2013 | Status: Pip Slave | 661 Posts
In life you get 3 types of people, those who can count and those who can't.
- Joined Aug 2013 | Status: Pip Slave | 661 Posts
In life you get 3 types of people, those who can count and those who can't.
- Joined May 2014 | Status: My Ideas Are Just That -- Ideas | 4,473 Posts
Fireworks are fun ... as long as you don't blow your fingers off.