Still the failure rate is 95 % , because the rest are not traders but long term investors on buy and hold.
In sports you have mentors, coaches ,managers educators ....yes you have parasites sucking the blood out in both industries , most end up losers. http://jacksonville.com/opinion/blo...evander-holyfield-joins-list-boxers-who-ended You should see the the junk emails I receive for hundreds of different systems , methods sellers , courses, trading educators , books , seminars ,investment opportunities , signals ......all from scammers well known .
Same in trading. But just like sport coaches, they only pay real attention to those they believe are likely to become stars.
Exactly ! Your set ups and trading make you a lot of money , most traders lose it with their phsyche ....greed , fear , over trading , emotions , gambling , stupidity , mistakes , discipline , personal traits etc and still end up as losers . Desire for automation scamming or being scammed , better courses from another Guru ..........or the broker pfg takes it all , programming scam for automation etc , the list is endlesss
or by developing a lavish lifestyle, or by becoming addicted to drugs, etc... thus feeding all the parasites out there - pimps & brothel owners, drug dealers, luxury goods salespeople, and the list if long of people who want to help themselves...
the 95% number comes from 1st time seat holders at the cboe and it refers to the 1st year, many of them regroup and come back and stick it out
Yes but what I have problems with is that they slap that "95% failure rate" on retail forex traders to make it look like that only retail forex is bad and risky when in fact this "95% failure rate" compiled by whatever criteria applies in all investment markets including mutual funds and yet you don't hear about it when it comes to other markets. And that's very misleading.