A lot of traders are not as profitable as they claim to be. I don't know the exact percentage but I can say and stand to be corrected that 95% of traders even the so called professionals are not profitable. How do I know this through simple deduction. 95% of these unprofitable traders make their money through other means and their unsuspecting followers don't know this. Some of the means are
- starting a YouTube channel and making money of
a) affiliate program
b) YouTube ads
I agree to it alot of traders ain't profitable in trading but yet they claim they are, I see that act as a sign of motivation to their subordinate especially in the online space you tend to see alot of this professionals doing well but they ain't making the money they presume and are emphasizing others join. They just do this to get so many clients to enroll in their master class and get tutored and that's how they make their money instead of the main trading process.
If we do make out some % comparison into those traders who are profitable than into those who aren't then we can obviously say that there are tons who arent profitable but come to think that this market is composed of buyers and sellers and come to think that this will be that survival of the fittest when it comes into this aspect. If you have plans on making yourself as a trader then this wont be an easy path to take or career on which you would be needing up to practice and learn up such specific skills if you do wanted yourself on havign that kind of sustain towards this unpredictable space. We do know that this isnt a skill that you can be able to learn overnight. It takes time and tons of efforts before you can be able to have a good gasps into it. You wont be able to know if you are a profitable trader or not unless you do try. It all matters about into your actions on how you do learn up specifically such skills. It does take time but once you do able to know about such skills then you do have that kind of advantage because this could be changing up yourself to have that good financial standing specially if you do know on how to sustain yourself into this market.