Quote from: error08 on November 04, 2019, 08:23:36 AM

Quote from: Mr_Akbar on July 28, 2019, 03:32:37 AM

Statistically, 96% of traders lose money or give up. How many of those never took it seriously enough to truly learn?
The only way to beat those kinds of odds are to give yourself every advantage possible.

That includes taking the time to study and learn.

where did this number 96% come from?
This statement of 96% or 95% of people fail in trading is one of the biggest myths spread around the traders.
Furthermore, the cryptocurrency trading market must be different from forex trading or stocks.
I trade bitcoin and some altcoins, but never lose money, although there are some who lose money but most of my friends in profit as well.
You know, to make a profit in trading, you don't need to be a good trader, just follow some good traders to obtain what they capable of.

"The answer by John Roberson states that about 20% of the traders he has observed made profits. This answer differs from others. The reason given is that were in a good competitive trading environment. And I tend to agree with this reason. These traders trade with the belief that they will be profitable." Source

That is obviously an estimate that is clearly blown out of proportion to get their point. The OP is clearly luring people through his signature. Perhaps he is selling something. That 96% is an exaggeration for the sake of marketing whatever it is in his Facebook page or community. But his point is somehow true. There are many crypto traders who did not bother to study and formally learn the art of crypto trading before getting into it.