When faced with all those posts, "90% of traders fail", you start to think it can't be true. Afterall, "a coin toss can be right 50% of the time" (the second most popular cliche on these boards).
But I have found evidence of the truth behind this statement, on Oandas website!
Here is a graph showing the ratio of longs to shorts on USD/CAD from around May 19th.
http://fxlabs.oanda.com/cgi/fxlabs.pl?id=8
It shows that their customers have been long this pair over 80% of the time consistently! absolutely amazing!
But I have found evidence of the truth behind this statement, on Oandas website!
Here is a graph showing the ratio of longs to shorts on USD/CAD from around May 19th.
http://fxlabs.oanda.com/cgi/fxlabs.pl?id=8
It shows that their customers have been long this pair over 80% of the time consistently! absolutely amazing!