IB has most number of profitable traders (2014)
- Thread starter traderob
- Start date
http://www.businesswire.com/news/ho...Leads-Industry-Percentage-Profitable-Customer
in 2013 they had 46%profitable
in 2013 they had 46%profitable
Those numbers will probably drop a few percentage points after the EUR/CHF debacle.
The 95% never has been true. It's one of those things that becomes a meme (which don't have to be true). Like the 10,000 hour business.
Obviously it's a question of timeframe. The %Profit of ~30% across brokers in that table is for a single year. If you have a 70% chance of loss any given year, then over a 5- 10 year timeframe your chance of loss tends toward 100%. Hence the '95%' number you often hear.
How's this possible when so many so call bashers say over 90% of traders are losers. Wouldn't it even be more of a shocker if some of those % profitable traders are using TA.
Seriously, there are many brokers not on that list and talking to one a few days ago...38% of their day trading clients that are trading futures (not forex) are profitable traders. Many of those profitable traders use charts to make trade decisions.
Anyways, those stats must not be true because nobody makes money using TA and only a "small percentage" are profitable. Brokers must be lying to have stats that contradicts the bashers.
P.S. sarcasm
Not really. Once one includes a large enough sample over a long enough timeframe and defines his terms more rigorously (there is a continuum between going bankrupt and earning billions), the distribution turns out to be close to normal.
I argued all this at the time but people just loved the 90% thing whether it was true or not so I gave up. It's not that important to me.