Wed. Nov 13th, 2019

Forex InfoBook

Get Smart, Get Profitable

Is Forex Trading Profitable?

Until recently, it was widely believed that 95% of traders lose money by trading Forex. Most retail traders end up asking, is Forex trading really profitable? Under the new ESMA regulations, Forex brokers were asked to disclose the number of traders losing their capital when trading. This provided the first statistical evidence to showing that a section of retail Forex traders have been able to profit from Forex rading.

The Forex market is the largest in terms of trading volume and offers maximum liquidity. It easy to enter and exit a position in any of the major currencies within a fraction of a second for a small spread in most market conditions.

Financial Institutions and large banks are the major players. They have access to excellent infrastructure, knowledge, real-time information and data to be successful in trading.

Retail traders who enter Forex start off with a disadvantage and need to work really hard on every aspect to see profits. Most get lured into Forex trading with unrealistic expectations only to end up losing it all. It may be true that only 5% of traders make ‘real’ money by trading Forex, but facts show that about 22% of retail traders are profitable.

Understanding the basics of Forex trading, increases the success rate of the trader over the long term.

Source : Finance Magnates Intelligence & Various Broker Disclosures

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