In an effort to deal with this lingering stink we constantly hear about how this mythical 5% of FX traders are profitable and the rest are all losers, I have discovered a public document with some VERY interesting statistics.
I have long been an advocate that this 5% rumour cannot be accurate as every trader I know personally is in profit and I have finally found a reputable report that kicks the 5% in its nuts. I do not have info on exactly HOW profitable they are, the numbers only indicate IF the account has turned a profit in the previous year.
I have shaded the brokers for obvious reasons:
I********** B****** - 45.3% in Profit
O**** - 32.5% in Profit
F*** - 29.9% in Profit
I** - 23.1% in Profit
G*** C****** - 27.0% in Profit
I***/T*********** - 30.2% in Profit
F*** - 28.0% in Profit
C***** - 42.0% in Profit
M* T****** - 26.8% in Profit
The sample is from over 90,000 active FX accounts in the US last year.
There is ZERO indication that 95% of FX traders lose money, in fact it seems in some cases its almost 50% MAKE money!
I hope this goes some way to dealing with the perpetual anguish we read every day.
HP
I have long been an advocate that this 5% rumour cannot be accurate as every trader I know personally is in profit and I have finally found a reputable report that kicks the 5% in its nuts. I do not have info on exactly HOW profitable they are, the numbers only indicate IF the account has turned a profit in the previous year.
I have shaded the brokers for obvious reasons:
I********** B****** - 45.3% in Profit
O**** - 32.5% in Profit
F*** - 29.9% in Profit
I** - 23.1% in Profit
G*** C****** - 27.0% in Profit
I***/T*********** - 30.2% in Profit
F*** - 28.0% in Profit
C***** - 42.0% in Profit
M* T****** - 26.8% in Profit
The sample is from over 90,000 active FX accounts in the US last year.
There is ZERO indication that 95% of FX traders lose money, in fact it seems in some cases its almost 50% MAKE money!
I hope this goes some way to dealing with the perpetual anguish we read every day.
HP
In life you get 3 types of people, those who can count and those who can't.