Although OP said no opinion here but I strongly disagree with your statement that the greater the timeframe, the more normal the distribution.

Market facts

Not sure yet but I suspected that it could have an exponential decay with lamda of 1.

Myth Buster: 90-95% of traders cannot survive in trading

Although we got only 87 voters but it seems that the traders who have longer trading experience are reduced by approximately 1-1/e = 63% in every age group and stable after 21-25 age group. btw I just noticed that the number of voters on other polls ...

Myth Buster: 90-95% of traders cannot survive in trading

True Range is not symmetrical distributed but Log-Normal distributed. Source: url btw Here is the real data test to prove that forex market does not follow normal distribution.

Market facts

Let me just emphasize again. I never said the years of trading experience can guarantee the survival in trading arena. Let's look at this exercise with a little open mind and try to think outside the box.

Myth Buster: 90-95% of traders cannot survive in trading

Is this statement based on your personal experience or hearsay?

lots of wolves, sheep and pigs

Yes the amount of time you've been trading doesn't measure profitability. Everyone else knows that, me too. I will go detail once we have enough votes.

Myth Buster: 90-95% of traders cannot survive in trading

I saw some reputable old members lurking around this thread. Your vote is important to us. I will appreciate it if you have voted and share some stories pertaining to our discussion if you dont mind. Thank you.

Myth Buster: 90-95% of traders cannot survive in trading

I dont know why you guys think so but I think stock market, futures, commodities market etc do not get popular only since last 10 years. They were long exist and popular among retailers before retail forex kick in. While many young traders may only ...

Myth Buster: 90-95% of traders cannot survive in trading

Wow you are my hero!

Myth Buster: 90-95% of traders cannot survive in trading

Honestly, Any FF members here used to draw their chart on paper before pc era? I really admire your patience in doing that everyday.

Myth Buster: 90-95% of traders cannot survive in trading

Well I still remember the old day that I made my orders through phone. You sound like trading is a new toy for tech savvy youngster. And I also believe some of the experienced traders here used to draw their chart on paper. In some cases I dont even ...

Myth Buster: 90-95% of traders cannot survive in trading

That is why I need every new and experienced traders to vote. I know that there are still tons of experienced traders lurking around FF. This could be the 1st quantitative exercise to check the myth. Our FF community will appreciate it if you could ...

Myth Buster: 90-95% of traders cannot survive in trading

Ops sorry...Please refer to the remark on my 1st post.

Myth Buster: 90-95% of traders cannot survive in trading

I guess you are right. Maybe I should start another thread with a better question to measure the survival rate.

How old are you, trader?

Actually I never done such kind of solution before but I believe so. Anyway I may be wrong.

How to normalize Forex prices?

It looks like the distribution of trader's age is following power law. The survival rate of traders in each group reduce by approximately 50% in every 10 years. So the traders that survive in 30years are 50%^3 = 12.5%, which is coincidentally same ...

How old are you, trader?

It does not matter. The relative performance will be measured in unit pips/% instead of dimensionless.

How to normalize Forex prices?

IMHO the log-return or %change is not so practical in forex (unless you trade weekly, monthly or yearly chart) because its daily fluctuation is very small compare to stock market. The change of 50pips at 1.3000 (0.38%) has no practical differences ...

How to normalize Forex prices?