Getting ready to start answering some trading questions

Of course I’ve already answered a lot of common trading questions in Trading FAQs, which has received rave reviews – like being compared to Market Wizards. In this case, however, I’m talking about digging into the real numbers to see if I can drill down on individual trader performance.

One of the first questions I want to answer is just how many traders win in the markets. There have been figures like only 5-10% bandied about for years. The data reported to the CFTC by US forex brokers indicates that about 30% of accounts make money in any given quarter, but that doesn’t give us enough to go on for a proper success rate.

Last week I acquired a big data set that will help me answer that question (or at least move well in the direction of doing so), and no doubt many others. I’ll keep you posted.

By John

Author of The Essentials of Trading

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