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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: chomolungma who wrote (67793)	2/13/2003 11:56:07 AM
From: Sun Tzu	Read Replies (1) \| Respond to of 70976

> read once where 90% of futures accounts end up at zero. That's about right, but fails to consider the size of the account. The statistics are much more favorable if the initial size of the account is over $50k, presumably because that buys you time and lets you learn from mistakes. I've read Victor Niderhoffer's [sp?] and seeing his career, I've decided to stay away from currency markets :) ST PS Victor was a top currency trader for George Soros who later successfully ran his own hedge fund before going bankrupt in a matter of a week.