'...the final results of the study yielded that over a four-year period (2009-2012), the percentage of investors experiencing losses came in at 89%. The average loss of a customer during this period was $13,800 (€10,900).
In the four years combined, a total of 13,224 customers experienced aggregate losses of nearly $220 million (€175 million), with the remaining 1,575 customers earning a combined $17.51 million (€13.8 million).'
Full article: https://www.financemagnates.com/forex/analysis/amf-publishes-four-year-fx-study-89-of-investors-experiencing-losses/#sthash.ID5Rlr4w.dpuf
1. I have to assume that the 89% who have lost an average of $14k were probably not too dumb... Still they have ended up as losers.
2. On the other hand the lucky 11% has made an average of $11k profit during the same 4-year period, which is $5k per year...
Well, that is the reward (i.e. $5k per year) for becoming a Top 10% trader...! I guess even McDonalds pays higher yearly salaries...
question is, what are YOU trying to achieve?
I really don't see the point of the article, other than to maybe scare possible clients into putting their capitol into a fund rather than trading it themselves...... I mean, the whole part about this being a zero sum event, where competition is everything, and longevity calculates your ability to stay in business , is kind of obvious. No one is walking into this making millions without even trying. Obviously, if anything is actually easy, everyone would be doing it....... yada yada yada.
So, instead of trying to make it sound like it is useless to even try or to study, what in the heck are you doing here???? Why are you in the markets? How has your five years of experience taught you, and if you are such a cynic , why are you still trying to trade?
Seriously, I am curious
Everything in the market is like a fart, if you have to force it, it is probably shit