It’s no secret that online trading in financial markets is a rather risky business. Statistically, 70-80% of retail traders lose their money. However, there remain those 20-30% who earn.
So how much can a retail trader make?
Since 2008, more than 1.500.000 accounts have been opened by clients from nearly 190 countries in the brokerage company NordFX. Such a large information and client base is quite representative, and therefore the statistics published by this broker on a monthly basis can give some idea of the work of the industry as a whole.
If in the first months of year 2021, the favorites of the most successful NordFX traders were pairs with gold (XAU/USD) and bitcoin (BTC/USD), the situation changed dramatically in July. The first lines in the rating of preferences were taken by transactions with the British pound.
The most impressive result was shown by an Indian trader whose profit amounted to USD 5,577,998 in just one summer month. Such an impressive result, even worthy of the performance of a small bank or investment fund, was obtained thanks to operations carried out primarily with the GBP/USD, GBP/JPY and GBP/CHF currency pairs.
Another Indian trader with a profit of USD 318,398, who also transacted with the British currency, took the second line of the July podium.
The top three also includes a Chinese trader who traded Forex pairs GBP/USD and GBP/JPY, which brought him an income of 179,327 USD.
Interestingly, the most popular currency pair on the Forex market, EUR/USD, with an industry average trading turnover of about 30%, is not held in high esteem by the most successful traders. It is at best on the 4-5th place in their statements, or even lower.
As for IB partners, of which NordFX has more than 25,000, their earnings, of course, are lower than those of traders, but they also look impressive. This is largely due to the favorable conditions of this broker’s two-tier program. Partners can receive up to 70% of the spread on the transactions of their referrals In the form of instant commission payments.
The TOP-3 was headed by a representative of India, who earned USD 58,960 in July. His colleague from the Middle East, who was in second place, received USD 10,405 as a commission. And a NordFX partner from Vietnam closes the TOP-3 of the month with a result of USD 8,053.
