What Proportion of Individuals Attain Success in Forex Trading?

Forex trading is a popular form of investment that can be quite profitable if done correctly. But, like any other type of investment, there is always the risk of loss. So, what proportion of individuals attain success in forex trading?

The answer to this question depends on many factors, including the trader’s experience level, their knowledge and understanding of the markets, and their ability to make informed decisions. While it is impossible to give an exact percentage of successful traders in forex trading, it is possible to provide some general information about the likelihood of success.

For starters, it is important to note that most traders fail at forex trading due to a lack of knowledge and experience. According to a survey conducted by the National Futures Association (NFA), more than 80% of retail traders lose money in their first year of trading. This statistic highlights how difficult it can be for inexperienced traders to make money in the markets without proper guidance and education.

However, this does not mean that all traders will fail at forex trading; far from it! With proper guidance and education from experienced professionals or mentors, anyone can become a successful trader over time with enough dedication and hard work. In fact, according to a survey conducted by FXCM Marketscope Advisor Sentiment Index (MASI), around 60% percent of professional investors are consistently profitable in their trades over long periods – meaning they can generate consistent returns from their investments month after month.

So while success in forex trading may not come easy for most people – especially those who are new or inexperienced – with enough dedication and hard work anyone can become a successful trader over time! To increase your chances for success as a trader you should focus on developing your skillset through learning technical analysis tools such as charting patterns or indicators like moving averages or MACD; understanding the macroeconomic environment across the world; using risk management strategies such as stop-loss orders; having patience when entering trades; keeping track of your performance through journals or portfolios; seeking advice from experienced professionals or mentors whenever needed; having realistic expectations about profits & losses etc.

All these things combined will help you build up your confidence as well as increase your chances for success in Forex Trading!