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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Michael Boutros

Michael Boutros is a Currency Strategist for IG’s partner platform DailyFX, a leading resource for FX, commodities and indices advice. A long-time veteran of FX trade desks, his focus is on intraday trading strategies and analysis.

Michael has published currency market research for a range of trader websites and holds degrees in economics and philosophy from Rutgers University. He keeps a close eye on actionable trade ideas throughout the trading week, serving both his strategic advice pieces on DailyFX and his own trading career.