What % of FX traders loose money?

[viral88]

I am curious because there are reports published that show positions of traders. if more people are loosing money, than we should do the opposite of these reports. ( i am not talking about the COT reports.)

[MickMason]

Originally Posted by viral88

I am curious because there are reports published that show positions of traders. if more people are loosing money, than we should do the opposite of these reports. ( i am not talking about the COT reports.)

Perhaps, but is being on the wrong side of the market the reason most people lose money, that's the $64,000 question!

[Trader02]

Originally Posted by viral88

I am curious because there are reports published that show positions of traders. if more people are loosing money, than we should do the opposite of these reports. ( i am not talking about the COT reports.)

No amigo, its only at Major turning points that the pubic is almost always wrong -- its at these turning points that you should do the opposite; but if you're a member of this esteemed group how the heck will you know a turning point is at hand when your maker himself has guaranteed you won't?

If you do the opposite of the pubic in the middle part of the RUN, you will be dead wrong and they will be right.

So as you can easily see it is so much easier to just be a signal, system or software seller than try to figure out this dilemma.

But the best of all is to be a broker, then none of this stuff means doodly squat. You just go about your biz of making everyone else broke.

[AlphaTrader]

Originally Posted by Trader02

But the best of all is to be a broker, then none of this stuff means doodly squat. You just go about your biz of making everyone else broke.

LOL how true....

[Soul-Trader2004]

i have loose money in my pocket