I suspect the contents in the article are about forex trading.
The article does not provide a full explanation so that it raises other guesses.
That article cannot be a clue to conclude anything.
Topic: New Study Shows How Unprofitable Day Trading Is? - page 3. (Read 454 times)
It is not possible to have accuracy on crypto trading statistics,so the article might be wrong.
Another reason could be past year is not very good for the crypto traders due to long recover phase.
Another reason could be past year is not very good for the crypto traders due to long recover phase.
>> If day trading is not profitable, then why do people still do day trading?
I highly believe this would talk out about forex and stocks trading and i had read up about these percentages too.I dont know if that
one is accurate or not but they do really have the points to this very volatile market even we do talk about traditional markets like forex
where profitability would really depend on how you do play with the market.For crypto space i do believe that it is much higher
rate when it comes on making money.If it werent profitable then we cant see those multi-millions of daily volume on exchangers.
I came across an article where researchers found that 3% of traders make money and with less than 1% making more than minimum wage.
A new study of day traders in Brazil 3 academics, 2 from the Sao Paulo School of Economics and another from the University of Sao Paulo, undertook a comprehensive analysis of options and futures day traders in local equity markets and shown that this is almost certain to be a total nonsense.
The academics looked at just under 20,000 new traders and found that, over time, they lost more and more money. Of those that traded for a single day, roughly 30% turned a profit. Conversely, only 3 percent of the people that traded for over 300 days made any money.
In fact, the researchers found that the longer that someone traded, the more money they lost. This pattern can be seen in the casino roulett, said the academics.
>> If day trading is not profitable, then why do people still do day trading?
A new study of day traders in Brazil 3 academics, 2 from the Sao Paulo School of Economics and another from the University of Sao Paulo, undertook a comprehensive analysis of options and futures day traders in local equity markets and shown that this is almost certain to be a total nonsense.
The academics looked at just under 20,000 new traders and found that, over time, they lost more and more money. Of those that traded for a single day, roughly 30% turned a profit. Conversely, only 3 percent of the people that traded for over 300 days made any money.
In fact, the researchers found that the longer that someone traded, the more money they lost. This pattern can be seen in the casino roulett, said the academics.
>> If day trading is not profitable, then why do people still do day trading?
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