How many day traders are profitable?

We found no single study behind the popular 90% figure. Sourced figures point the same way, though: 97% of persistent Brazilian day traders lost money, and EU and UK broker warnings show 70% or more of retail CFD accounts lose money.

From Barber, Lee, Liu and Odean, The Cross-Section of Speculator Skill: Evidence from Day Trading, Journal of Financial Markets, 2014. It covers day traders in Taiwan from 1992 to 2006.

The Brazil study's title asks exactly that. Its answer: only 0.4% of persistent day traders earned more than a bank teller's pay of US$54 a day. It is possible only for a very small minority.

EU and UK rules on CFDs require brokers to show the share of their retail accounts that lose money in a risk warning. The rule followed ESMA's 2018 measures, which cited 74% to 89% of retail CFD accounts typically losing money.

We have not found an independent, audited study of prop firm pass and payout rates. Figures quoted online usually come from the firms themselves, so treat them with care.

Yes. The free tier costs $0 forever and includes two accounts, manual trade entry and CSV import - enough to journal a live account properly, with win rate, P&L and equity curve all calculated for you. There is no credit card required to start. Pro ($25/month flat) adds unlimited accounts, MT4/MT5/cTrader/NinjaTrader auto-sync, AI insights on your trading (1,000 trade-analyses a month), monthly reports and full export, and every new account gets Pro free for 5 trading days with no card. The pricing is deliberately simple: one plan, one price, no per-feature upsells.

Yes, and it needs no card. Every new Dusk Analyst account gets Pro free for 5 trading days from sign-up: auto-sync from MT4, MT5, cTrader and NinjaTrader 8, AI Insights with 1,000 credits, monthly reports and unlimited accounts. After that Pro is $25/month, and you can cancel anytime from Billing in the app. If you skip it, the account moves to Free with every trade kept.

Yes - CSV import is available on every plan, including free. If you've been tracking trades in a spreadsheet, broker export or another journal, export the CSV from wherever it lives and import it into Dusk Analyst; the journal matches it against your accounts and keeps your history continuous. Import is also the fallback for platforms that don't run MT4, MT5, cTrader or NinjaTrader 8. For MT4/MT5/cTrader/NinjaTrader terminals, Pro auto-syncs going forward and the EA backfills any trades your terminal missed while it was off. Any platform that exports a CSV of your trade history works. Dusk Analyst recognises TradingView, Tradovate, cTrader, MT4 and MT5 exports on sight; for anything else you map your columns once and that parser is saved for next time. Comma, semicolon and tab files are all handled, day-first and month-first dates are detected from the file itself, and any row that cannot be read is listed for you rather than dropped quietly.

Pro includes 1,000 AI trade-analyses every month. One credit covers one trade, so asking a question about a 40-trade week costs 40 credits and you can keep asking. The allowance resets on the 1st of each month and the counter sits in the top bar of the app, so you always know where you stand. Narrowing a question to one account or a shorter date range makes the same allowance go much further. Free accounts get a small number of AI credits to try AI Insights, alongside the full journal, analytics and weekly reports, and the free Pro week (5 trading days, no card) includes the full monthly allowance.