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.
- To improve your profit, you need to do ‘post trade
analysis’.
- The number one reason for losing money in forex trading
is ‘using too many trading systems’.
- 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.
To read more
about this forex traders survey:
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