Many people join forex to gamble on financial markets. Gamblers lose long-term, so 90% sounds about right.
When most traders are losing money, its interesting to know what most traders are doing. New traders generally start with two assumptions of what trading involves - 1. day-trading 2. trading price reversals These are unfounded for these chaps at this stage for them and tend to lead them towards self-damaging behaviours. Increasing losses enhance these tendencies. Hence, 90%.
traders fail because they cannot come out the same mistake , its the main reason why traders lose from this volatile trading place.
i dont know honestly what percentage are failures but i know most of them are failures especially the traders who are newcomers. there is nothing 100% in Forex trading.
many people would say - day trading is very very very difficult. 99% will lose money - better buy stocks and hold it for many years. Don't look at it until 10 - 20 years later. Then, close your position with a very huge profit. Just look at TSLA, AMZN, GOOG ... and see how it appreciated multiple times. It is easy money.
Traders are the reason for their losses. I don’t understand how they believe that it would be easy to make money in the forex market. If it was that easy, every trader would have been a billionaire. They need to think about the facts and not merely assume that they can do anything.
i saw this percetnage before 10 years and still doing post agains the topic , i think this percentage decrease already