Can Forex Trading Be Profitable for Me? - DailyForex.com
Can Forex Trading Be Profitable for Me? - DailyForex.com Can Forex Trading Be Profitable for Me? - DailyForex.com Posted: 21 May 2020 12:00 AM PDT We have all heard statistics quoted such as 95%, 90%, or 80% of people who open an account with a Forex / CFD brokerage blow their account within six months. Some people tend to believe this out of respect for the Pareto principle, which says that 80% of profit is made by only 20% of cases. Is there any way to know for sure whether any of these estimations might be true? Yes, thanks to new ESMA regulations in the European Union, which oblige Forex / CFD brokers to disclose prominently on their websites what their average retail investor's percentage loss or gain. So, let's take a look at the current statistics published by some of the biggest Forex / CFD brokers in the world (in terms of trading volume) at the time of writing: A few important conclusions can be drawn from this self-repor...