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Old 05-01-2007, 04:27 PM
trevman trevman is offline
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95% of traders fail
... we've all heard it, and if oandas trade book is correct http://fxtrade.oanda.com/resources/t...nsummary.shtml 95% is pretty accurate
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Old 05-01-2007, 05:42 PM
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rajautara rajautara is offline
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it seems that we are stuck in a very high risk games...my goodness..
are we in a correct direction to rich?
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Old 05-01-2007, 05:56 PM
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Unhappy True Dat..!
I use to be customer service rep for IBFX. ( please don't hate me, lol... ) Some nights when it was slow, I would surf the server and look for accounts that were "net positive" from the time that they were first opened. I never found one...... so yes, I would say at least 95%.... Maybe we should all get together and just open a broker...? lol....
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Old 05-01-2007, 06:24 PM
takechance takechance is offline
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But surprisingly you will find so many self claimed successful traders in this type of forums.
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Old 05-03-2007, 04:39 AM
nicesurf nicesurf is offline
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Yes that's correct !, many people here left their offline job because they can make a lot of money from forex.

Nic
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Old 05-03-2007, 04:46 AM
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Yes, I agree that we have a lot of profitable traders in this forum. I was just trying to point out that you won't find a lot of profitable traders using market makers. We have all moved to ECN's... The "dealing desk" model wasn't designed to help traders make money... just brokers...

Personally, I know of more than 20 full time traders that make a steady living at this, so don't give up hope... just trade smart...
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Old 05-03-2007, 05:53 AM
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Quote:
Originally Posted by riffster
Yes, I agree that we have a lot of profitable traders in this forum. I was just trying to point out that you won't find a lot of profitable traders using market makers. We have all moved to ECN's... The "dealing desk" model wasn't designed to help traders make money... just brokers...

Personally, I know of more than 20 full time traders that make a steady living at this, so don't give up hope... just trade smart...
Excellent Shredded Synth Guitar...
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Old 05-03-2007, 06:21 AM
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I believe that statistic, primarily because about 95% of the systems that I hear about are crap too.

Crappy System = Losing Trader

You do the math...
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Old 06-08-2007, 06:21 AM
trevman trevman is offline
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look how many people shorted when the EUR/USD went long
http://www.dailyfx.com/story/tophead...229110621.html
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Old 06-08-2007, 08:18 AM
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There´re good MM (a few) and bad MM (a lot). Try to be in the first ones.

Yes is good to be trading with an ECN but you can be part of the 95 % yet.
When you discover the enemy is not your broker but the market itself you´re making a big jump in your way to be a pro.
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