News
Now you are reading
KNF: 79% of Forex traders suffered a loss in 2016.
Next
Previous
Contents
784 504
4

KNF: 79% of Forex traders suffered a loss in 2016.

philson
created Paweł MosionekApril 26 2017

Another statistics of earners on the Forex market saw the light of day. Among clients actively using "online" trading platforms with domestic Forex brokers, 79,3% recorded a loss. Thus, 20,7% of traders closed their balance sheet positive. The data covers the entire year 2016, and the audit was conducted by the Polish Financial Supervision Authority (UKNF).

The message reads:

"These results, as in previous years, are based on the methodology based on the client's end-of-year result per balance, which is the result of transactions made on all classes of derivatives."

Earning in the long term harder

Quarterly reports presented by Polish brokerage houses, which are dictated by KNF guidelines effective from September 2016, show the situation in a better light. The report for the fourth quarter spoke about an average of 34% of traders who earned (read: Over 34% of traders gained in the Forex market). As life shows (and how it was possible to suppose), it is much more difficult to achieve long-term profit and this data is worse by around 42%.

The mythical 5% of earners

 For over a decade, the myth has been circulating about the 5% traders on the Forex market. Until now, there are no reliable statistics that would approach this value. Admittedly, the annual 20% is less optimistic than the quarterly 34%, but you can still look at the situation with relative optimism. Research conducted by the KNF on Forex clients in the years 2012-2016 shows that the proportion is still at a similar level. The results are almost identical to those carried out by other regulatory authorities from the European Union.
What do you think?
I like it
67%
Interesting
33%
Heh ...
0%
Shock!
0%
I do not like
0%
Detriment
0%
Post in the category
News
Tags
KNF, forex knot, forex earners, forex loss, forex statistics, forex regulations, knf and forex brokers, forex financial supervision committee
, , , , , , ,
About the Author
Paweł Mosionek
An active trader on the Forex market since 2006. Editor of the Forex Nawigator portal and editor-in-chief and co-creator of the ForexClub.pl website. Speaker at the "Focus on Forex" conference at the Warsaw School of Economics, "NetVision" at the Gdańsk University of Technology and "Financial Intelligence" at the University of Gdańsk. Twice winner of "Junior Trader" - investment game for students organized by DM XTB. Addicted to travel, motorbikes and parachuting.