A quick glance at Twitter (NYSE: TWTR ), any investment-themed social media investment club, or Reddit will quickly find a handful of traders who have excelled tremendously over the course of a month, a semester, or even a year. year. Believe it or not, most successful traders select periods or use different accounts simultaneously to ensure that there is always a winning position to show.

On the other hand, millions of traders blow up their portfolios and come up empty handed, especially when using leverage. For example, the UK’s Financial Conduct Authority (FCA) requires brokers to disclose the percentage of their accounts in the region that trade derivatives unprofitably. According to the data, between 69% and 84% of retail investors lose money.

Similarly, a study by the US Securities and Exchange Commission revealed that 70% of forex traders lose money every quarter, and eToro, a multinational broker with 27 million users, reported that almost 80% of retail investors lost money in 12 months.