Do not invest more money than you can afford to lose.
FreshForex said on Friday its clients posted a 64% success rate despite the unstable environment in the global economy and high market volatility. The figure represents a slight decline of two percentage points from a month earlier.
Meanwhile, the success rate of traders with account balance of no less than $10,000 increased to 55% in March.
The most successful trader with FreshForex in March made a profit of $119,851 from investing in major currency pairs. The highest profit generated from a single trade last month amounted to $35,116. It was a short 20-lot position on USD/JPY that was held for less than two days.
During the month under review, the forex currency with the highest return on investment rate was the USD/MXN, according to FreshForex data. It offered a potential profit of nearly $35,800 for a 5-lot trade. Meanwhile, trading in the major EUR/USD could have resulted in a profit of $5,703. Following are details:
In comparison, Forex Club, another forex brokerage, reported for March a client account success rate of 24%, while the success rate among traders with account balance of more than $10,000 was 52%. The share of its clients who closed March at a profit or loss no higher than $100 was 72%.
FreshForex is a brand of Riston Capital, an investment company based in St. Vincent and the Grenadines. The broker offers online trading in forex and contracts for difference (CFDs) on metals, stocks, indices, and energy futures, as well as analytical, educational, and training services.