Greed is the top most common reason why forex traders lose money. If you can reduce your greed to the bare minimum, you will be on the path to profits. 2. Use of Untested Forex Robots. Another reason why forex traders lose money is that many use untested forex expert advisors with undocumented results or strategies.
What percent of Forex traders actually make money? Studies show that just 10% of Forex traders actually make money. That means a whopping 90% of traders lose money consistently.
Undoubtably the failure rate of traders is high- but is it truly 90%+? I lost money at three different brokerages over two years- blowing accounts at two. Before finally opening an account at a direct access brokerage when I became successful in year 3. Was I counted as a losing trader 3 times in these statistical models?
Based on brokers' available data, 86% of all retail traders lost money trading forex in 2023. Many brokers publish this data on promotional banners so the public can see how many forex traders in percentage lose money. I got this number based on the top 35 brokers' average percentage. In the stock exchange market, 90% of traders fail to be
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most forex traders lose money
