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.