PetDane
Private, 1st Class
- Messages
- 43
I am quoting from FPA education section here. I have no idea how these figures are obtained or how accurate they are, but it does seem to be generally accepted the vast majority of traders do lose more than they make over sustained period.
Why? Some brokers may be partly to blame, but this can only explain a tiny fraction of the figure. Most comentators appear to assume that it is the traders own ignorance and/or willful behaviour that it is to blame.
While this probably does explain more loses than the dishonesty of some brokers I find it hard to believe that it really covers this emourmous figure of 98% - this is as bad as the casino or race track!
This just does not seem to make sense. I naturally have my own theory about this matter, but I will refrain from sharing as yet, until I have checked it more carfully. What I am interested in at present is any other explainations or points of veiw on the most fundamental of all concerns for traders that anyone can come up with.
Why? Some brokers may be partly to blame, but this can only explain a tiny fraction of the figure. Most comentators appear to assume that it is the traders own ignorance and/or willful behaviour that it is to blame.
While this probably does explain more loses than the dishonesty of some brokers I find it hard to believe that it really covers this emourmous figure of 98% - this is as bad as the casino or race track!
This just does not seem to make sense. I naturally have my own theory about this matter, but I will refrain from sharing as yet, until I have checked it more carfully. What I am interested in at present is any other explainations or points of veiw on the most fundamental of all concerns for traders that anyone can come up with.