#firstdealofthenewyearAKEEL The success rate of forex trading depends on various factors, including experience, strategy, risk management, and market conditions. Here are some key insights based on available data: 1. General Success Rate: Studies suggest that 70-90% of retail forex traders lose money in the long run. Only about 10-30% of traders consistently make profits. Many traders quit within a few months due to losses. 2. Factors Affecting Success: Education & Experience: Traders who invest time in learning forex strategies have a higher success rate. Risk Management: Successful traders use stop-loss orders and only risk a small percentage (1-2%) per trade. Emotional Control: Avoiding impulsive decisions and sticking to a plan improves success. Market Conditions: Volatility, geopolitical events, and central bank policies impact trading outcomes. 3. Professional vs. Retail Traders: Institutional traders (banks, hedge funds) have a much higher success rate due to advanced tools and large capital. Retail traders face disadvantages like higher spreads, leverage risks, and emotional trading. 4. Timeframe for Success: Most successful traders take 2-5 years to develop consistent profitability. Beginners often overestimate short-term gains and underestimate long-term discipline. Would you like specific strategies or risk management tips? #firstdealofthenewyearAKEEL