Here are some approaches that may improve your odds of taking a profit.īecause the Forex market is highly leveraged - as much as 50 to 1 - it can have the same appeal as buying a lottery ticket: some small chance of making a killing. This suggests that self-education and caution are recommended. According to a 2014 Bloomberg report, several analyses of retail Forex trading, including one by the National Futures Association (NFA), the industry's regulatory body, concluded that more than two out of three Forex traders lose money. But the odds are against you, even more so if you don't prepare and plan your trades. It's possible to trade profitably on the Forex, the nearly $2 trillion worldwide currency exchange market.
