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The 90% loosing myth in the Forex market is collapsing - reports by FX brokers
With the entry into force of the new KNF guidelines for Polish brokerage houses, an obligation to report the results of their clients achieved on individual markets has arisen. It is true that under the slogan "results" there is only information whether a given client has achieved a profit or a loss in the analyzed period of time. Nevertheless, it already gives some idea of how the situation is developing. We present a list of all Polish DMs in the table below.
| Profit / Strata in% | |||||
| Forex | Indices | Commodities | treasuries | CFD per share | |
| XTB | 45,46 / 54,46 | 37,22 / 62,71 | 40,45 / 59,36 | 60,55 / 38,53 | 36,31 / 62,50 |
| DM Alior Bank | 40 / 59,90 | 37,50 / 62,20 | 35,70 / 64,30 | 40 / 60 | - |
| mForex | 40,29 / 59,71 | 41,73 / 58,13 | 45,17 / 54,52 | 59,09 / 40,91 | 11,36 / 88,64 |
| DM BZ WBK | 32 / 62 | 34 / 61 | 34 / 63 | - | - |
| HFT Brokers | 36,36 / 63,64 | 37,03 / 62,97 | 40,65 / 59,35 | 59,09 / 40,91 | 11,36 / 88,64 |
| BOSSA | 45,79 / 54,13 | 37,22 / 62,71 | 40,45 / 59,36 | 60,55 / 38,53 | 36,31 / 62,50 |
| TMS Brokers | 42,7 / 57,30 | 39,50 / 60,50 | 45,90 / 54,10 | 49,40 / 50,60 | 29,50 / 70,50 |
source: based on a study by Money.pl and Polish data from DM
The myth about 90% losing falls
When looking at Forex instruments the average of the results from 7 DM is accordingly 40,37% i 58,73%. Comparing these results with the information from three years ago, where the KNF report mentioned 81% of losing accounts, it can be concluded that there has been a significant improvement and the legendary myth of 90% of those losing on the Forex market is not true, and it is not even true. close. What's the difference? Unfortunately, the very limited amount of data flowing directly from the statistics available makes it impossible to draw any real conclusions. However, it can be assumed that this is a result of the increased level of access to education and training materials, the lower amplitude of fluctuations on the Forex market in 2016, but also the time range from which the statistics are taken. They are based on quarterly data, and as we know, in capital market investments, the long-term effect is most important. Probably only the average of the results for the whole year will give us a realistic view of the situation, although the latest data make us optimistic.
The more it is that brokers give a lot of information about the already closed positions. And then it can calmly shape in the proportions of eg 6040 etc., but the statistical trader has, besides, held for long lost positions, which he has not yet closed. And they clean his bill. Regards, let's face it.
PS KNF played once again by young wolves from fx.
You are somewhat right, but in my opinion only partially. It is not so much the brokers who manipulate the statistics as the KNF demanded incorrect information from them. Quarterly reports were requested on the number of profitable versus losing accounts. And they were delivered. Voila. $ 1 is a profit too, and $ 100 is just 'one' loss. In this statistic, the information is equivalent.
There is no information here about the number of active accounts, the change of the balance sheet in the currency, the average level of loss / profit and many, many others. Maybe the KNF will require more over time, and the next quarterly reports will shed more light on the matter, but we have to wait for that again ...