Many persons have shared their bad experiences about trading in general, how they lost their funds, got into debt, even wrecked their finances.
It is good for newbies if they read stories about loss with trading, risk of trading because very few people will share their painful stories.If newbies see successful stories in trading, they will be more easily to be fooled. People with their instinct are very greedy so their mind will be less sharp if they read stories of easy money gain.
People can succeed in trading but chance is small and it is proven by many studies and statistics.
What proportion of day traders find themselves profitable
20 Rules Followed by Professional Traders
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Approximately 1–20% of day traders actually profit from their endeavors. Exceptionally few day traders ever generate returns that are even close to worthwhile. This means that between 80 and 99 percent of them fail.
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It is estimated that more than 80% of traders fail and quit.
