We all know by now that data can be incredible power and the insights it gives you can be unparalleled. A few years back DailyFX ran through 43 million live trades over the span of a year to find out what separated the likely profitable from the likely unprofitable.

Our answer surprised even us as it’s easy to think that knowing were markets will likely be tomorrow as the key determinant of success.

Rather we found that a simple risk: reward ratio can be the difference between only a 17% chance of being profitable at the end of 12-months vs. a 53% chance.

If you’re a new trader or a struggling experienced trader, this is likely a show you can’t miss.

Interested to find out more about news and analysis of the market, Click here to visit our main website! (https://www.dailyfx.com/?ref-author=QPID)