Absolutely right. There are no other capital markets as unpredictable as Forex is. You can watch any chart and analysis as your wish, but you cannot predict the movement for sure.
From the Forex trading, you are able to earn money. You also are learning a lot of strategies of a business & I mean that it is the main benefit of Forex trading.
That is what i said, newbie should not consider as trader because they have not traded so many times. If a experienced trader is getting loss then he should be consider in this failure percentage criteria.
Poor people can not afford big loss with big capital that is why starting with small amount is good for any beginner so that he/she can afford the loss.
I dont think that 90% or more then this number percentage of traders are loosing money. Most of the successful traders are not showing their really profits. If some one dont have idea about trading or knowledge about trading then how we can call them traders. They are just newbie of market.
Not this percentage of traders will be losers, because it is wrong statistics and traders who will trade here they will finally reach their targets by trading.
Demo will give the experience of live account only when you treat your demo account as a real one, if you dont then there is no meaning of practicing demo account year or 2 year.
Poor people should try Forex but with small account because it is a risky business and they can not afford big loss. First they should learn forex concept then they can have any kind trade with forex.
demo has some different results then real account but then also you should start with demo account first. Then to face the real account one can have small deposit account for experience.
Forex is really an unpredictable business. It is very very tough to predict the market. Even with good theoretical knowledge is not good enough to analyze the market. Experience is must to predict the market right.
Forex scalping is short cut technique for money earning from Forex market. Forex scalping is very hard and risky for any trader, I think many trader lose there are money for scalping ,so never like scalping.
Testing system on demo trading also depends on the broker also. So it is best to check on real account also for small account if your system works for small account.
Yeah amount of time we spent on demo trading is all depend on every single person's learning capability. Few people do 6 month of demo trading and start real account and on the hand few people are still on demo for more then a year.