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Here's the proof 5% is a lie, 20% is profitable !!
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Here's the proof 5% is a lie, 20% is profitable !!

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Here's the proof 5% is a lie, 20% is profitable !!

I came across this :

Due to the new regulations on the forex USA broker market they are now forced to publish the profitablity rate of their active non management retail accounts.

more than 20% on average is profitable, the 5% rule seems to be a big lie ?!!

Oanda is jumping out with a whopping more than 50% profitable customers.

US Forex brokers account profitability comparison | Forex Magnates

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I wonder if futures accounts mirror that.

Very interesting and good propaganda to lure more lambs to slaughter.

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I don't think this proves 5% is not true.
This table shows profitability in that particular quarter, but doesn't take into account how many times an account has been funded.
And where do inactive accounts land - my guess is on the profitable side. How is this calculated is another concern.
Note: most of these brokers' # of accounts are declining. I'm betting that accounts which blow up and closed, aren't even accounted for.
While I don't believe in the 5% figure that gets thrown around, these numbers are likely the absolute best, and they aren't particularly good. If I wasn't already trading profitably, not sure these numbers would encourage me.

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MetalTrade View Post
Oanda is jumping out with a whopping more than 50% profitable customers.

Oanda has the best spreads... and you can trade any size, even micro, until you get good at it...

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sysot1t View Post
Oanda has the best spreads... and you can trade any size, even micro, until you get good at it...

They are still whores.

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I don't think this proves 5% is not true.
This table shows profitability in that particular quarter, but doesn't take into account how many times an account has been funded.
And where do inactive accounts land - my guess is on the profitable side. How is this calculated is another concern.
Note: most of these brokers' # of accounts are declining. I'm betting that accounts which blow up and closed, aren't even accounted for.
While I don't believe in the 5% figure that gets thrown around, these numbers are likely the absolute best, and they aren't particularly good. If I wasn't already trading profitably, not sure these numbers would encourage me.

you might hate it but these numbers are correct and need to be honest by USA laws

inactive accounts are not counted
adding money to your account doesn't make u profitable
blowed up accounts are on the loosing column

folks, this might be not 100% corect but it's the first official proof that the 5% rule might be a myth

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MetalTrade View Post
inactive accounts are not counted

Does that mean someone that blows up and closes the account in the same quarter is not reported?

Banks (brokers) always find loopholes in laws, I am sure there is a loophole here to make things look better than they really are.

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Why would I hate it?
Yes, US law is such a high standard...

I'm fascinated why so many people care how the average trader is doing?
Fine if you're looking to enter the biz, but if you're on futures.io (formerly BMT) it's likely too late for you to consider.
I'm far above average and I love the fact only 30% are profitable (even lower when you consider material profitability)


MetalTrade View Post
you might hate it but these numbers are correct and need to be honest by USA laws

inactive accounts are not counted
adding money to your account doesn't make u profitable
blowed up accounts are on the loosing column

folks, this might be not 100% corect but it's the first official proof that the 5% rule might be a myth


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Note the percentages have dropped at most of the brokers, but I think it's more interesting to look at the total number of accounts. They have dropped dramatically at FXCM and FX Solutions, but have increased at Oanda. Losing a third or half of your accounts in a year seems excessive. Do you think they have actually lost that many accounts? Hmmm.

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