Yes, most traders lose money trading Forex.However, the percentage of traders losing money isn't 99%. You can check on the new numbers reported by the NFA for profitability statistics. There's one broker in Canada that has had 44% of there traders report a profit in Q4 in 2010 .I suspect that you would be one of those who loses money trading forex. You make Arbitrage carry trading sound so complex, that's why i'm calling bullshit. The fake rolex also conveys a fraud..
Yup - Oanda 7 their 40+%....
Those 'profitable' accounts are actually dormant accounts on which the Oanda is paying interest.
They have already been told to stop reporting these accounts as profitable.

Expect a return to 99% losers on Oanda soon...