Forex Traders Survey: What Does It Really Take to Be a Successful Trader?

Forex Traders Survey 

Firstly, we always hear that figure, 5% of forex traders are successful and 95% fail. It would be great if traders could get a handle on that and see where the truth is. And then secondly, are there some things that traders do, that we could be more aware of that relate to the profit. So, is there any principle for traders to follow to ensure that they could become part of that 5% winner?

Obviously we've heard lots of other trading coaches and psychologists sharing various ways that forex traders can become part of the 5%. The following survey was to get 'numbers' behind it so it's not just a theory; it's actually something that we can observe; a behavior pattern that shows us the difference between the guys who are consistent in winning and everybody else.

Forex Traders Survey Summary


  • More than 700 traders were surveyed.


  • 51% failed (losing money) and 23% successful.

Forex Traders Survey




















  • To improve your profit, you need to do ‘post trade analysis’.
Forex Traders Survey




















  • The number one reason for losing money in forex trading is ‘using too many trading systems’.

















Forex Traders Survey




















  • Level of stress is positively correlated with losing money i.e. if you are stressed up with your forex trading, you have high probability of losing money.




















  • Less emotion = more consistent profit.
Forex Traders Survey




















Forex Traders Survey



















Forex Traders Survey




















To read more about this forex traders survey:

Comments

Pages

Popular posts from this blog

7 Best Crypto Exchanges Malaysia 2025

Glutathione vs NAD: What's the Difference?

Quant hedge funds — led by industry stalwarts like Renaissance Technologies — had a strong 2024

Best 6 Retirement Villages in Malaysia 2024

The billionaire's social calendar for 2025: The must-attend events for the world's wealthiest business icons

How to Make Povidone Iodine 1% Nasal Spray

12 Best SME Business Loans in Malaysia 2025

6 Best Cloud Kitchens in Kuala Lumpur and Selangor 2024

BI Davos Diary Day 2: Donald Trump and AI have dominated conversations at the World Economic Forum

10 Best E Wallets in Malaysia 2025