NIK: 80% of forex traders lost money
As many as 80 percent of Forex traders have lost their money, Poland’s Supreme Audit Office (NIK) said. Between 2012-2016, clients of Polish FX trading companies have lost PLN 2.1 billion combined.
The average loss per customer amounted to PLN 19,500.
According to NIK analysis, Poland’s Financial Supervision Authority (KNF) is the only Polish institution that actively fought against unprofessional entities on the currency exchange market and criticized the Finance Ministry for not taking the necessary steps to regulate the market.
NIK proposed that KNF should compile regular analysis of the FX markets and educate potential investors about its risks.
Source: WBJ
If 80 percent of fx traders loss money it’s because they don’t know how to mange their trades, and because they don’t have a real and specific trading system.
Traders must know how to calculate their risk. High risk drives you most of times to loose your money. And traders must stop be emotional when they trade.