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% Traders Profitable?


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% Traders Profitable?

  #1 (permalink)
 
SMCJB's Avatar
 SMCJB 
Houston TX
Legendary Market Wizard
 
Experience: Advanced
Platform: TT and Stellar
Broker: Advantage Futures
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,388
Thanks Received: 10,207

I know this is forex only but this graphic over at interactive brokers is interesting.
Not sure why they hide Citi down in the 6th slot rather than prominently behind them.



https://www.interactivebrokers.com/en/?f=%2Fen%2Ftrading%2Fpdfhighlights%2FPDF-Forex.php

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  #3 (permalink)
 MacroNinja 
Buenos Aires Argentina
 
Experience: Advanced
Platform: NT, MT4, Sierra
Trading: S&P, Bonds, Crude, FX
Posts: 250 since Sep 2014
Thanks Given: 37
Thanks Received: 256


Very interesting, thanks! Hard to tell if IB just attracts better traders or how much can be attributed to their price quotes.

Surprisingly is how many are still under in the Red, especially if presuming there are long term non-trading style accounts at IB for that number to still be that low.

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  #4 (permalink)
DrewDown
Kansas City, MO U.S.
 
Posts: 211 since Mar 2015
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The last time I was looking at profit.ly, in the markets overall, TD Ameritrade users were the most profitable on there. Might have changed since.

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  #5 (permalink)
 
Anagami's Avatar
 Anagami 
Bangkok, Thailand
Legendary Hedge Fund Trader
 
Experience: Master
Trading: ES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300

This stat includes inactive accounts that earn pennies on interest... thus not exactly an accurate reflection. Probably closer to 10% profitable... with only 1% who get to keep what they made.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #6 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985

Anyway if you look back at 6/7 years ago, I remember, that the % of profitable traders was a lot less. But I'm agree with Anagami that this stats are not very significant.

Take your Pips, go out and Live.
Luke.
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Last Updated on April 19, 2015


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