vendredi 24 février 2017

Percentage of Winning Traders - The real numbers

There is an on going perpetual conversation on T2W about the actual percentages of winning traders on FX. This conversation goes on and on and around in circles and never gets anywhere.

But when the government ask you, "Would you like each FX, Spread and CFD provider to provide you with those figures at the first point of contact". You lot completely ignore them and fail to answer. You lot are unbelievable.
And no doubt you will continue to argue the point for years to come. There is no helping some people.

I have made two posts about the FCA's proposed changes and consultation to FX (and other) trading. And there has been no interest on this site whatsoever.

So I will try again.

IF YOU WANT EVERY UK COMPANY TO ISSUE THEIR PERCENTAGE OF PROFITABLE TRADERS THEN CLICK ON THIS LINK AND TELL THEM. (you have until the 7th March to find out.)

http://ift.tt/2ggCgJ4

IF YOU DO NOT WANT THE LEVERAGE CHANGED FROM 25:1 TO 4:1, THEN CLICK ON THIS LINK AND TELL THEM.

http://ift.tt/2ggCgJ4

They want to hear from retail traders as well as people in the industry. It is a very short questionnaire, you don't even need to answer all questions. Under the question, which company are you from, enter N/A if you are a retail trader.

My opinion is yes to more transparency, tell us the percentages. And No to greater margin requirements, I have told them I prefer limited loss accounts for new traders to protect them rather than greater margin requirements (This is the line the that the large companies are pushing too.) I believe this will offer greater protection (while letting profitable traders get on with their trading) After all greater margin = more money in the account = eventual greater loss for the new trader.


Percentage of Winning Traders - The real numbers

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