Thursday, 21 July 2016
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Saturday, 2 July 2016
After all what percentage of Forex traders lose money? #forex #trading #currencies
How many of us heard the myth that 95% of all traders fail?
Here some interesting points:
- 80%
of all day traders quit within the first two years.
- Among
all day traders, nearly 40% day trade for only one month. Within three
years, only 13% continue to day trade. After five years, only 7% remain.
- Traders
sell winners at a 50% higher rate than losers. 60% of sales are winners,
while 40% of sales are losers.
- The
average individual investor under performs a market index by 1.5% per
year. Active traders under perform by 6.5% annually.
- Day
traders with strong past performance go on to earn strong returns in the
future. Though only about 1% of all day traders are able to predictably
profit net of fees.
- Traders
with up to a 10 years negative track record continue to trade. This
suggest that day traders even continue to trade when they receive a
negative signal regarding their ability.
- Profitable
day traders make up a small proportion of all traders – 1.6% in the
average year.However, these day traders are very active – accounting for
12% of all day trading activity.
How many of us heard the myth that 95% of all traders fail?
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