The second part of the wide traders survey shows that only 27% lose. This is the total opposite of what we’ve seen in US brokers’ reports. Here are a few speculations about this figure and more interesting numbers. See the first part of the forex traders survey, showing the reasons to trade, popular currencies and lots more. In the answer to question no. 22 in the survey, 27% of respondents said that they had a negative return in the past 12 months, 38% said the return is between 0 to 25%, 15% between 25% to 50%, 9% between 50% to 100% and 11.1%, with a high return of over 100%. With the new CFTC rules, US brokers were forced to release the profitability rate of their traders. Most US brokers reported a profitability rate of 20% to 30%. One broker stood out with a positive profitability rate. And here, over 3000 respondents reported around 3/4 success rate instead of roughly 1/4. How can this be explained? One explanation is that the survey doesn’t meet statistical standards, and accidentally met a bunch of successful traders. Another, more logical explanation could be that most lost traders just burned out, never returned to trade forex and therefore weren’t the target audience of the survey. A third explanation could be that many traders are in denial of their losses. Denial of losses means that the traders don’t encounter their mistakes and don’t learn the lessons for the future. What could the reason for the 73% success rate reported here? Other findings are: 53% of traders use a combination of both fundamental and technical analysis. 36% use only technical analysis. Nearly half of respondents trade short term. Leverage varies from no leverage at all to more than 100:1. 26% use hedging methods. * Numbers have been rounded. More data can be found here Methodology of the CitiFX survey: Over 3000 traders responded to an online survey that was posted from September 8 to October 8, 2010 on four high-traffic FX websites: FXstreet.com, ActionForex, ForexPros and ForexTV. The 25-question survey took approximately 5 minutes to complete. The survey results are tabulated in two parts, this is part one about Traders’ Profile, Environment, Resources and Technology. Where are you in the statistics? Want to see what other traders are doing in real accounts? Check out Currensee. It’s free.. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Basics & IndustryForex IndustryForex News Today: Daily Trading News share Read Next Forex Daily Outlook – November 11 2010 Anat Dror 12 years The second part of the wide traders survey shows that only 27% lose. This is the total opposite of what we've seen in US brokers' reports. Here are a few speculations about this figure and more interesting numbers. See the first part of the forex traders survey, showing the reasons to trade, popular currencies and lots more. In the answer to question no. 22 in the survey, 27% of respondents said that they had a negative return in the past 12 months, 38% said the return is between 0 to 25%, 15% between 25% to 50%, 9% between 50% to… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.