Investors lost over PLN 6.5k in H1 on the forex market - KNF

The average result of investors on the forex market in H1 2017 was a PLN 6,742 loss, meaning that the average profit decreased by 11.3 percent y/y, the Financial Authority Supervision said. Combined realized gains amounted to PLN 124.43 million compared to PLN 136.59 million a year earlier, while the realized loss of customers decreased to PLN 327.37 million from PLN 333.55 million loss last year. According to KNF the most popular instrument categories in the first half of 2017 - as in the entire 2016 - were Forex CFD and Index CFD instruments. The number of active customers who made a profit increased to 7,768 from 7,560 last year, while the number of active customers who lost on the market dropped to 22,230 vs 22,713 a year ago. “At the same time, the KNF would like to remind that, despite the fact that brokerage results presented by brokerage for short-term horizons (quarterly cycles) indicate a higher percentage of profitable customers, over 80 percent of clients on the forex market lose their money in the long-term,” KNF added.