Whitesnake
Corporal
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Well this is totally subjective and the majority falls to the failure category so determine yourself now.
Can anyone tell me the success rate for new traders?
I would guess somewhere in the region of 1%.
Ok ... later in this same forum...
Failure rates between 80% -> 99%
No surprises there!
wtf?!?!!!!derrickmills likes this.
!!!Check the whois on different-forex.com
It's enough that people are willing to discuss the POSSIBILITY that they may loose ... and may loose a great deal more than they can afford!!!There are drawbacks to polling.
Dkami --- yeah that sounds reasonable. All except the 'make the big bucks' bit. Its that sort of aspirational BS that attracts gullible and inexperienced 'traders' (read 'fodder'). Of the 5% ... they will have all the required 'parts to the puzzle'... including sufficient capital to allow money management to win out over the madcap nature of the market.
Well I think there would be a lot of big accounts out there and even if those that have these big accounts used little to no leverage still would be in the 5% category
Number one reason traders loose money is because of leverage and they get to greedy and over trade!
There's no reason a new trader cant be in the 20% category if they simply follow a simple rule,that is use little to no leverage and treat their account as an investment instead of a get rick quick scheme.Trading really isn't that hard like they say buy low and sell high so trading is only as hard as you want to make it
So Dkami when will you start?
In my opinions,,,
Fail = 80-90%
Success = 10-20%
New traders will not success on short times, it's difficult for them..