Sneak Peak: PsyQuation Believes “Less is More” on the Path to Trading Success
Posted: Wed Mar 02, 2016 11:43 am
It’s no secret that the vast majority of online retail forex traders lose money. Within our quarterly profitability report of US brokers, on average, about 35% of retail traders in the US make money each quarter, with lifetime success estimated to be below 30%. While brokers in other jurisdictions don’t post profitability statistics, based on interviews with various brokers, worldwide profitability for regulated retail brokers is believed to be around 25%. However, multiple brokers have cited that larger accounts (over $10,000) significantly perform better than smaller sized accounts.
With this reality, a number of firms have been ... (read more)