The foreign exchange market, also known as the forex market, facilitates the buying and selling of currencies around the world. Like stocks, the end goal of forex trading is to yield a net profit by buying low and selling high. Forex traders have the advantage of choosing a handful of currencies over stock traders who must parse thousands of companies and sectors. In terms of trading volume, forex markets are the largest in the world. Due to high trading volume, forex assets are classified as highly liquid assets. The majority of foreign exchange trades consist of spot transactions, forwards, foreign exchange swaps, currency swaps and options. However as a leveraged product there is plenty of risk associated with forex trades that can result in substantial losses.
Sometimes trades just don’t work out. It is human nature to want to be right, but sometimes we just aren’t. As a trader, sometimes you have just to be wrong and move on, instead of clinging to the idea of being right and ending up with a blown account.
However interestingly – challenging the accuracy of the biggest Forex traders & Portfolio Managers, recently Piyush Ratnu, created an algorithm through which he has achieved an accuracy rate of 100% in Forex Trading by trading on highly volatile pairs like XAUUSD, EURUSD, GBPJPY, GBPUSD, GBPCAD, USDJPY and other cross currency pairs using his algorithm and achieved a return of 48% in 52 Trading days and 66% in 88 Trading Days, respectively. Check Complete report here.
As per the data published & verified on MyFxBook:
Piyush Ratnu achieved a total gain of 229% with a daily gain of upto 0.48% and monthly profits of upto 15% resulting in a total profit of 100,000+$ in 88 Trading Days on a total portfolio of 3,55,000$ with 60:40 ratio in long and short bets in Forex Market proving himself as one of the most / 100% accurate Forex Traders in the World, as per comparison done on MyFxBook.com.
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