dbphoenix
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Nope according to forex magnates it's 20 percent of accounts are profitable spanning a year. This tallies with my broker and they have just under 200k customers so roughly 40k traders are profitable. That is a good sample size. Who makes a living off trading, type of trading, education is irrelevant, its about profitability of each account spanning 4 quarters reported.
Actually not, given the millions of traders worldwide. The only entity that knows whether traders are profitable or not, at least in the US, is the IRS, and they don't provide that information. Therefore, all the "data" regarding success rates is anecdotal.
Even so, a 20% success rate is, as I said, hardly a ringing endorsement. And with no definition of "success", the individual is left to rely on his own account statement. The success or failure of anyone else is of no importance except among the "misery love company" contingent which is so common among trading forums.
Db