MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community » Trading Talk » General Trading Forum

[Hawkeye]

From the poll being conducted now on this website so far it seems that the big majority (over 80%) of us are making money trading forex. Many of you are making very good returns.

Research showed that only 10% of futures traders make money. Does this mean that forex is easier to profit? Or are we amongst a group of brilliant traders in this forum? If the latter, we would be so fortunate if the successful traders would share their methodologies with us.

The forex market is so huge that some more successful traders would not affect the outcome of the present successful ones, I'm sure.

So, how about it, please? Even if a mentoring program can be arranged for a fee I'm sure there are many of us keen to take it up.

Thank you.

[balancing]

80% are making money... except when they have losses!! Ha-ha! Either those that lose money don't participate in the survey or they just "slightly misrepresent" the facts. Just read some more posts on this forum and it will become more clear...

The reasons only 10-20% of traders make money are psychological - they are not related to what market is traded and this group of forum participants is no different than any other bunch of traders.

[Paul Koszarny]

The poll needs to be seen in special light. Some people confuse performance with expectations, that's all. I agree that less than 10% of participants make money in the futures market. At least I know this statistics from a reliable source. It cannot be much different on currencies for very simple reasons.

[barrowboy]

Hi All,
I agree, how about some on-line mentoring or lessons for a fee...I would certainly be willing to learn a way to trade using other methods....