Various sources would tell you different statistics.
In general, 90% of people that ever trade Forex lose money and 10% are profitable. This is the general rule when you look at the headcount.
However, it is important to note that many people are total newbies that don't have any idea what they are doing. Such people deposit some 100-1000 USD, expect to double their money in 1 week and lose it all.
Trading requires a commitment of time, energy, focus, and development of your trading mind and skills. Most traders do not put forth the effort required of a winning trader. In order to win consistently over time you need to develop your trading skills, keep records of your trading activities, constantly improve your execution, study how money is made and lost and why you are losing. It is an evolution. Trading is a mind game and you need to develop your trading mind in order to win.
In general, 90% of people that ever trade Forex lose money and 10% are profitable. This is the general rule when you look at the headcount.
However, it is important to note that many people are total newbies that don't have any idea what they are doing. Such people deposit some 100-1000 USD, expect to double their money in 1 week and lose it all.
Trading requires a commitment of time, energy, focus, and development of your trading mind and skills. Most traders do not put forth the effort required of a winning trader. In order to win consistently over time you need to develop your trading skills, keep records of your trading activities, constantly improve your execution, study how money is made and lost and why you are losing. It is an evolution. Trading is a mind game and you need to develop your trading mind in order to win.
Out of 100 people trading forex online, how many actually make money?
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