FXCM Trading Study
- FXCM analyzed over 43 million trades from Q2 2014 through Q1 2015
- The vast majority of accounts were not profitable during that time
- Traders were right more than 50% of the time, though, so how did most traders end up losing money in their accounts?
- The Answer: Most traders lost more money on losing trades than they won on winning trades!
Quote of the Day
“My job as a trader is really nothing more than that of a glorified order placer.” Peter Brandt
As a self-described “Glorified Order Placer” who is simply executing on a plan, @PeterLBrandt has averaged 42% annual returns over 29 years in the Futures and Commodities markets. Our discussion explores his hard won trading beliefs and certain struggles that never go away, no matter how successful you are.