Trading: No place for the faint hearted

Watch the video interview above.

Investors who have bet against the continuing rise of global share markets in 2017 will have lost money. Those who picked the US dollar to stay weak have done well. Trading the markets, whether they be currency, commodities or share indexes is growing in popularity but it is no place for the faint hearted.

In this video interview with Newsroom’s Mark Jennings, the head CMC Markets in New Zealand, Chris Smith, looks back at 2017.

Here are some of the key points:

Who trades?

Mainly men in the 50 to 60 age group. Women are increasing and now make up 15% of our clients.

What are the most popular products?

Currency – the top ten currency pairs. Gold and Oil are also popular

Biggest mistakes traders make?

Managing downside risk and managing their emotions.

The story of 2017?

The incredible rally of the US stock market and how it has continued under Trump.  Also, interest rates remaining so low.

What should traders watch out for in 2018?

Be careful of all the predictions that will come out in the next few months as no one really knows what will happen.