Yes, it is right most of the traders fail in Forex very quickly because they want to become rich quickly but have no knowledge and skills and start trading without proper plan and strategy.
to become successful from this trading place is a big deal , because there is no one who can predict the real faction of this market with certainly.
Only things certain are death and taxes. There is no certainty for any future occurrence. Those who need certainty are afraid of losses and losses are inevitable in trading. A professional trader has an edge accompanied by a solid trade plan to ply that edge and trades it with discipline, patience, focus and courage. It takes a lot of effort and time to develop all this and most will fail to do what's needed.
i always have doubt in failing and willing rate , because this is not official and authorized something, personal opinion its all about.
In 2008, the failure rate was rather low (say 60% ?). Because currencies were moving virtually every day. Even blindfolded traders also can earn money. The day range has shrunk significantly. so failure rate is higher (say 95% ? ). If you know how to trade but if the market is not cooperating, you can't earn money.
its a very nice calculation you have done already , got so many fine lines , thanks again for your nice reply.
The brokers in the UK and EU are required by the regulators to publish up to date percentages of their current clients who are losing money. These numbers consistently run in the 70-80% region. There are some structural differences between trading forex in the UK for example and the US - CFD's and spreadbetting are the most common means of access for private retail traders in the UK.