This is great information. I am resteeming this! Do you have any links to the original sources? I would love to cite the actual report.
I was just reading up on SEC regulations regarding securities. Most of the regulations are designed to force investors to go through brokers.
Empirical data that the brokers are both inefficient and often cause investors to lose money could help people argue against the regulatory regimes.
Here you go : https://www.financemagnates.com/forex/brokers/which-brokers-house-the-most-winning-clients-post-esma/
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Thanks for the link. The article seems to be about trades in the Forex and CFD (Contract for difference) markets. It appears to be a criticism of the markets and aggressive advertising used to pull people in to these markets.
The fault of the broker is that brokers failed to steer clients away from these investments.
BTW, once crypto is established, the market will pretty much have the same dynamics of the forex market. Trading between crypto and dollars is pretty much like trading between different fiat currencies.
The crypto market isn't doing a great job in showing the percent of people who are losing on crypto speculation.
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