O.K., we've all heard about the supposed statistic, according to which 90-95% of all traders lose money in the markets. I've actually had the opportunity to talk to the CEO of a day trading brokerage here in Europe about that. His customers primarily trade european & US-futures and CFDs & forex. And trust me guys, his brokerage is not a rip off, but their commissions and trading platforms are among the best in that country for retail clients. Now, according to that gentleman: - it takes the average client 3 months to go broke - about 90-95% of all futures traders lose money - about 70-80% of CFD-traders (i.e. leveraged stock traders) lose money. Edit: Oh, and I also asked him about his opinion why most traders lose money. He said it's because they don't let their winning trades run long enough but rather prefer to take a small profit in order to feel good in the short run.