Do not invest more money than you can afford to lose.
Russia-oriented forex brokerage Forex Club reported on Thursday the share of clients who closed February 2017 at a profit or loss no higher than $100 was 70%. A month earlier, such client accounts made up 73% of all.
Full 30% of the total number of client accounts with the broker generated a profit last month, regardless of the account balance. Accounts with deposits of more than $10,000 had a success rate of 64% in February.
The highest reported profit last month was $462,000 and was generated from active trading in Japanese yen (JPY) and Brent crude oil (BRN). Meanwhile, the highest loss in February amounted to $490,000. It was the result of aggressive cross-pound shopping and sales of gold (XAU/USD).
Forex Club is a collective brand of several entities. It operates in more than 120 countries, mainly in Russia and within the Commonwealth of Independent States (CIS), or the former Soviet countries. It is a registered broker in Belarus and holds a license by the Central Bank of Russia (CBR). The brokerage has clients in more than 120 countries. In Russia, Forex Club was the second largest retail forex broker in 2015 with monthly trading volume of an average $54 billion in 2015 and about 80,000 active clients, according to an annual report of Interfax-Center for Economic Analysis (Interfax-CEA).