What percent of day traders are successful?

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asked Feb 26, 2019 in Investing by VSxaricoser (340 points)
What percent of day traders are successful?

4 Answers

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answered Feb 26, 2019 by pauladhomer (360 points)
Day trading is a good way to make some money but if you don't know what you're doing when day trading then it's very easy to lose money when day trading.

Between 90% to 95% of day traders actually lose their money through day trading instead of making money.

That means that only 5% to 10% of day traders are successful and actually make money at day trading instead of losing money.
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answered Feb 6, 2023 by pawpaw (2,800 points)

Personally, I prefer trading in its classic form. I have also recently started to be interested in precious metals and investing in gold. Recently I came across an article related to gold and trading - https://www.fxtradingrevolution.com/forex-blog/how-to-make-use-of-gold-in-trading. I hope you also find it interesting and useful

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answered Oct 18, 2023 by Irina (340 points)

I would be interested to know the answer to your question as I am a novice trader.

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answered Oct 18, 2023 by Poluis (280 points)

The percentage of successful day traders can vary significantly on fbs broker review as it is one of the best brokers, but still depending on various factors including market conditions, trader skills and strategy. Estimates of successful day traders can also depend on how "success" is defined. Some studies and experienced traders state that most day traders do not achieve consistent profits despite their best efforts, and successful day traders may be less than 10%.

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