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Far from being an easy way of getting rich, forex trading requires a great deal of knowledge and skill to deliver success. Many traders seek out the expertise of qualified, experienced brokers to help them identify the currency pairs that could yield substantial profits. This is because the forex market is hugely volatile, and nobody can predict exactly which currencies will increase in value and which will head in the opposite direction.

Nevertheless, several inherent benefits continue to attract traders to the market: forex trading is low-cost, suitable for a variety of different trading styles and provides high levels of liquidity. Further, while volatility can pose significant risks, it also offers sizeable rewards – it all depends on the positions that traders take up before big currency swings occur.

The year ahead certainly promises several geopolitical events that could have a huge impact on the forex space. The World Finance Forex Awards 2020 showcase the businesses that have displayed the foresight to pre-empt these developments and guide their customers to a more profitable future.