Originally Posted by
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I really like it how so many people quote the 90 percent (or 95%) of people fail in Currency Market statistic as though it were actually correct. I believe it's a small fallacy to emphasise that figure based on having heard it from others, although it might be true. I do not care how many people or what % are powerful - .
With that said, and having traded very successfully for quite some time, I find it somewhat hard to believe that any greater than 10% of people who trade actually are effective in the long run, so perhaps the figure is accurate.
I will say that many do fail. I've seen people, people I know, fail and fail hard, losing a lot of money. But failure is how you interpret reality, and trading is all about being able to handle any situation. Trade on