Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. You could sustain a loss of some or all of your initial investment and should not invest money that you cannot afford to lose. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

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Martin Essex

Martin Essex is an Analyst at DailyFX, the partner brand of IG delivering leading forex trading news, charts, indicators and analysis.

Holding a degree in Mathematical Economics from the University of Essex, Martin has been writing about financial markets and the economy for some 40 years. Aside from his analyst work, he is a Member of the Society of Technical Analysts and has written a book on the bond markets.