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Forex Traders Profitability Report
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Forex Traders Profitability Report

  #1 (permalink)
Site Administrator
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Forex Traders Profitability Report

Source: Q2 2012: profitability of forex traders keeps dropping, OANDA back on top | Forex Magnates


Quoting 
In Q2 2012 profitability of US forex traders kept dropping albeit the change was less than in Q1 2012: -1.1% and -1.9% respectively.

GFTís profitability Ďplummetedí meaning it lost its crown to OANDA again and dropped 5 places in this ranking.

Number of forex accounts dropped by almost 2,000 (excluding Interactive Brokers which still didnít report) and the only ones able to grow were Alpari, ILQ, Forex Club and Advanced Markets. Itís possible that Mayís volatility had something to do with this.

For obvious reasons PFG is excluded from this chart..

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CitiFX Pro, Interactive Brokers, ILQ and Advanced Markets arenít considered in the accounts and profitability calculations as their account sizes are either disproportionately big or include other trading instruments (as in Interactive Brokersí case)

Weighted average calculates the relative change in profitability to reduce impact of smaller brokers
We now have enough data to show a chart of profitability over time (for the 10 brokers and excluding Citi, ILQ, IB
and AM):

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Mike

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  #2 (permalink)
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  #3 (permalink)
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I wonder if they include inactive accounts in these stats that receive interest payment (i.e. accounts without trading happening, but get interest added), so they are not really active, but they are 'positive' because of interest.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #4 (permalink)
Freemason
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I don't know if most of those fx only brokers even pay interest

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  #5 (permalink)
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Includes all the inactive accounts as well.

That Oanda number used to be over 50%. Down to 36%, including all the inactive accounts.

Probably much more in the 10-15% range for the active accounts.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #6 (permalink)
Site Administrator
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Posts: 46,335 since Jun 2009
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Also includes interest on dormant accounts.

Sent from my DROID RAZR using Tapatalk 2

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

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