For forex, the market participants are Governments and Central Banks, Banks and Other Financial Institutions , Hedgers and Speculators. Now you have no excuses
I think IB have the highest percentage because a lot of traders have migrated there and earned their stripes from the murky world of retail brokers. Yes forex is tricky and takes time to navigate all the hurdles it throws at you and you'll learn a lot about yourself too. Theres a few here who know what they're keep asking questions. good luck
I'm not so sure. When "trade size so small that the money won or lost is completely irrelevant" ...bad habits develop for the same reason....money won or lost is irrelevant. It's when the $ really f^cking matters..you get interested....laser vision. Kinda similar to a paper acct where nobody cares everyone wins A question to you nitro: You're a billionaire trading one lots...are you a better trader now that doesn't mean a damn thing to blow out a $50K account?
Company traders has most experienced and skilled analyze, and they are full time, but for retail traders, they are just individuals and most are part time, so you can find what's the result.
2 main reasons as far as I'm concerned: get rich quick mentality, similar to penny stock traders - I'd bet the failure rates are similar. Very low entry-barrier: when you can open a forex account with $100 what do you expect ?
Believe me or not 100$ is enough to make 200$ from it. But true you won't make off living from trading with 100$ it's impossible.