Updated 244 days ago
Let's start our article out today with some very interesting statistics on trading success and system automation to frame up the potential we have and where there is a clear and immediate edge to be exploited both as a new trader and one that has been around for a while... Regardless of where you sit on the automated trading debate the following statistics may surprise you. From the hundreds of the traders we have spoken to and the interviews we have carried out with two very large brokerage houses. Our research has shown us that 90% of new traders fail within their first three years of being in the market….no surprises there. Some brokerage firms have this number slightly higher, particularly new Forex traders... What is interesting is that while 90% of new traders fail, those who find automation during this three year period, which is about 15% of new traders, over 85% are consistently profitable and achieving success. This is a staggering reversal from those who are manual trading..