Best Forex traders in France

Top 6 most successful Forex traders in France

Philippe Lhermie

Philippe Lhermie is a renowned Forex trader and author known for his expertise in technical analysis and trend-following strategies. He studied market finance at the Institute of Market Techniques and then at the National Conservatory of Arts and Crafts in Paris. His success has been attributed to his methodical trading style and adeptness at spotting market trends. He has written several books in which he imparts his wisdom to traders looking to develop their trading abilities and decision-making skills.

He began his career as a professional money market trader and assumed control of the portfolio of futures contracts for US Treasury Notes very quickly. Philippe Lhermie traded on a private basis for Electricité de France (EDF)'s trading room. After that, for 12 years, he managed a $10 billion options portfolio as a senior forex trader. He was then chosen for a three-year position as Chief Trader of a central bank's Forex and Gold Desk. He has already trained several hundred individual traders. Traders, wealth managers, back- or middle-office operators, trading room IT specialists, auditors, chartered accountants, treasurers, and branch managers in the banking industry are just a few of the professionals Philippe Lhermie has trained.

Pascal Trichet

Pascal Trichet is an experienced forex trader who combines both technical and fundamental analysis. His strength lies in macroeconomic analysis, which allows him to identify trading opportunities based on fundamental factors. He has been active in the financial markets since 1981. In 2000, he became a proprietary trader, and in 2010, Pascal became a Coach and Trainer in Trading and on the Stock Exchange, with the status of Financial Investment Advisor (CIF). Pascal Trichet is also the Treasurer of AFATE (the French Association of Technical Analysts).

The majority of his analyses are based on graphic and technical analysis, but they also come with excellent macroeconomic news follow-up. This enabled him to identify all significant market reversals, including those that occurred in September 2000, March 2003, July 2007, March 2009, August 2011, and August 2015. He won the Gold Trophy in the "Face aux TRADERS" competition held at the Trading Fair, an annual gathering of investors and independent traders, in September 2014.

Benoist Rousseau

Benoist Rousseau is a 47 reference trader in France with a master's degree in contemporary economic history from the Sorbonne University in Paris, the CAPES, as well as the AMF's Professional Certification for Financial Market Actors. He used to teach history, but now he works as an independent trader, trainer, and editor-in-chief of the website he founded, Andlil.com. Andlil is a widely recognized French trading community.

He creates instructional videos on subjects he is enthusiastic about, including history, economics, SEO, psychology, and geopolitics. He occasionally appears on BFM Business and speaks on TV Finance. He offers day traders informational resources, market analysis, and a welcoming environment where they can share thoughts and experiences. On the forex and futures markets, Benoist engages in day trading and scalping. He also keeps an eye on oil for swing trading, but he places the majority of his trades on indices. He is unquestionably one of France's top forex traders thanks to his unique risk management and consistent execution of his strategy.

Eric Lefort

Eric Lefort is a respected French day trader and author of trading books. With years of experience in financial markets, Lefort has developed expertise in various trading strategies, technical analysis, and risk management. He is also the founder of Boursofinace. Through Boursofinance, he offers trading courses, coaching, and market analysis to help aspiring traders enhance their skills and achieve their financial goals. He focuses on important support and resistance levels. Eric employs a unique approach to trading by using price action. He is part of the team that runs a French active investor website and gives training seminars and presentations.

Many of his tools are well-liked by French active investors. The Lefort tools can be used for a variety of tasks that can be combined, and they can be used to trade all instruments (stocks, market indices, foreign exchange, and commodities) over a wide range of time frames. As a result, they can be applied to swing trading as well as day trading. He has found this strategy to be very successful because price action is a reliable predictor of future market direction. It is possible to credit Eric's trading success to his self-control and risk management strategies, which have allowed him to withstand market volatility and generate steady returns.

Stéphane Ceaux-Dutheil

Stéphane Ceaux-Dutheil is a technical analyst, professional trader, and consultant. is a well-known trader and the founder of Technibourse, a popular French financial analysis platform. He offers market analysis, trading strategies, and technical analysis tools to help traders make informed decisions in various financial markets.

He currently manages the Technibourse.com website and co-manages the Robbo.fr website, which offers algorithm rentals to both individuals and businesses. He trades and instructs in day trading, scalping, and investment strategies. In addition, he has written several books, including "Le scalping" and "Bourse et Analyze Technique." At the Paris Technical Analysis Fair, he won the Gold Trophy in 2012 and the Bronze Trophy in 2007, 2011, and 2014.

Sébastien Dubois

The last on our list is a young trader named Sébastien Dubois. He is a 37 years old prominent French trader known for his contributions to financial education. He founded FX Cartel, a platform that provides educational resources, market analysis, and trading insights, and has been trading for nine years now. Dubois learned how to trade by himself. Dubois puts considerable time and effort into learning the intricacies of forex trading and developing a winning trading strategy.

His persistence and forbearance have paid off because he now concentrates on forex trading, which is extremely volatile and constantly impacted by news that can result in significant price changes. Dubois is among the most successful and youthful French forex traders. After creating a successful trading strategy, he committed himself to educating traders about the intricacies of the financial markets and advancing their trading abilities. He hopes to equip people with the knowledge they need to make wise trading decisions through his articles, webinars, and tutorials.

How to become successful Forex trader in France

Every Forex trader has their own unique trading plan and strategy, and successful ones know that crafting an effective risk management approach takes time, knowledge, and patience. However, there are some fundamental tips that the most prosperous forex traders in France follow to minimise risk and maximise their profit potential. Traders Union analysts have listed some of these tips below:

Use a well-regulated broker

It is a common misconception that only a few new traders fall victim to Forex trading scams or unlicensed brokers. In reality, the number of such cases is quite high. Thus, it is crucial to use a well-regulated forex broker to minimise the risk of losing money. A licensed broker will ensure that your funds are secure and that you have access to a range of trading instruments. By choosing a regulated broker, you can ensure that your trading experience is safe and profitable.

Test your trading strategy before you apply it

By utilising a demo account, you can hone your trading skills in a secure setting without putting your trading capital at risk. Moreover, a demo account enables you to evaluate a broker's services and verify the authenticity of their trading conditions. This way, you can gain valuable experience and knowledge without any financial consequences.

Keep your leverage low

When starting to trade with a real account, it is crucial to comprehend the leverage you are utilising. Even though a few brokers offer leverage of 1:1000 or even 1:2000, which seems like a great opportunity to double your trading capital, it is essential to note that the compounding effect of leverage also extends to any losses you experience. Therefore, you must be cautious and utilise leverage wisely, considering the risk associated with it.

Trade the major pairs

The world's most actively traded currencies are included in the "major" Forex pairings, all of which feature the US Dollar. Some of these pairings include EUR/USD, USD/JPY, GBP/USD, USD/CHF, and several others.

Make use of a stop-loss

To minimise potential losses in Forex trading, it is advisable to place a stop-loss order when initiating trades. This order instructs the broker to close the transaction automatically when the price of the currency reaches a predetermined level, limiting the trader's exposure to further losses. By setting a stop-loss order, traders can protect their investments and avoid significant losses if the market moves against them. It is essential to set the stop-loss at a reasonable level based on market trends and the trader's risk tolerance.

What are typical mistakes beginner traders make?

As a beginner trader, it is inevitable to make some mistakes. However, it is crucial to avoid repeating them and to analyse both profitable and unprofitable trades to learn from them. To help you in this regard, TU has listed the top five trading mistakes that beginners tend to make:

Trading without a plan

Trading plans are an essential tool for traders, as they provide a roadmap for their activities in the markets. An efficient trading plan should comprise a comprehensive strategy, a clear timeline, and a predetermined investment amount.

Failing to cut losses

As a trader, it's crucial to resist the urge to keep losing trades open with the expectation that the market will eventually shift in your favour. Failing to cut losses can result in a significant loss of profits that may have been accumulated through successful trades.

Not understanding leverage

In Forex trading, leverage refers to the borrowing of funds from a broker to open a position. To gain market exposure equal to the full value of a position, traders are required to pay a deposit, also known as a margin. Although leverage can lead to higher profits, it can also magnify potential losses.

Not understanding the risk-to-reward ratio

Considering the risk-to-reward ratio is crucial for any trader since it enables them to determine if the potential profit justifies the risk of losing their investment.

Letting emotions impair decision-making

Trading based on emotions is not wise. Emotions, including elation after a successful day or dismay after an unfavourable day, can obscure judgement and cause traders to stray from their strategy. In the aftermath of a loss or an unsatisfactory profit, traders may resort to opening positions without conducting any analysis to support their decisions. This impulsive behaviour can result in more losses and a further deviation from the initial plan. It is crucial for traders to remain vigilant and disciplined to avoid the pitfalls of emotional trading.

Is Forex trading a good career in France?

Forex trading can be a lucrative career in France, with the potential to earn substantial profits depending on your skills and resources. Online forex trading has allowed French traders to earn anywhere from $1,000 to millions of dollars. Several traders have even become millionaires through forex trading. However, it is crucial to take forex trading seriously and approach it with discipline and caution. With proper risk management and a focus on the risk-to-reward ratio, forex trading can provide financial security and stability.

Is Forex legit in France?

In France, trading in forex is legitimate. The responsibility for overseeing the French financial market, its participants, and the investment products distributed through the markets falls to the Autorité des Marchés Financiers (AMF). The Banque De France, on the other hand, is in charge of supervising and regulating forex brokers and traders.

Best Forex brokers in France

1

9.4/10

Go to broker

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest.

Minimum deposit:

$50, $100 (for UK clients)

Bonus for deposit:

0%

Regulation:

CySEC, FCA, ASIC

Review

The eToro broker was founded in 2007. The company promotes itself as a social trading platform working with traders from over 140 countries. The broker has several divisions operating under different jurisdictions and licensed by different regulators. For example, eToro (Europe) is licensed by the Cypriot regulator CySEC (109/10) and eToro (UK) is licensed by the British regulator FCA (583263). The broker also has a representative office in Australia and the USA. eToro Profile Details

Pros/Cons

•the minimum transaction amount for copying is $1;

•handy functionality for passive investing;

•regulated by independent monitors;

•it is possible to purchase contracts for fractional shares (that is, to invest amounts less than the cost of one share);

•it is possible to buy shares at once (not CFDs) on the US stock exchanges.

•high spreads;

•periodic technical failures in order execution;

•lack of the most popular platforms such as MetaTrader 4 and MetaTrader 5 in Europe and the CIS;

•no access to ECN systems, orders are processed only according to the STP (straight-through processing) scheme with access to specific liquidity providers;

•there is a commission for withdrawing funds;

•impolite support staff;

•inconvenient website.

Study Review

2

9.2/10

Go to broker

Your capital is at risk.

Minimum deposit:

No minimum

Bonus for deposit:

0%

Regulation:

FSC (BVI), ASIC, IIROC, FCA, CFTC, NFA

Review

The name OANDA is an acronym for “Olsen & Associates” or “Olsen AND Associates”. It is registered in the United States and provides its clients with a wide range of financial services in most countries of the world. The company was founded in 1996 and is currently regulated in four jurisdictions. The main regulator of the broker is the UK Financial Conduct Authority (FCA). Oanda Canada is licensed by IIROC. The company has several significant awards to its credit, including a victory in the category "Best Forex Trading Technologies" from the UK Forex Awards, "Best Trading Platform" from FX Week, as well as "Best Customer Service" from the US Foreign Exchange Report.

Pros/Cons

•Minimum deposit from 1 dollar.

•A large selection of the most popular trading instruments.

•Several reliable and reputable financial regulators.

•Inconvenient and poorly functioning site.

•Lack of cent accounts.

•Lack of bonus programs.

Study Review

3

9.1/10

Study Review

Minimum deposit:

$1

Bonus for deposit:

0%

Regulation:

FCA, BaFin, ASIC, MAS, CySec, FINMA, BMA, CFTC, NFA

Review

IG Markets has been providing brokerage services for retail traders since 2014. It was established in 1974 in London to work with professional traders. It is a part of the IG Group with representative offices in 17 countries. IG Markets stocks are traded on the London Stock Exchange as a part of the FTSE 250 index. The broker is regulated by FCA (Financial Conduct Authority | the UK), CySec (Cyprus Securities and Exchange Commission), ASIC (Australian Securities and Investments Commission), BaFin (the Federal Financial Supervisory Authority | Germany), FINMA (Swiss Financial Market Supervisory Authority), and NFA (National Futures Association). The IG Group global representative office is supervised by BMA (the Bermuda Monetary Authority). The broker provides services of trading Forex and different CFDs through MetaTrader 4 and its in-house platforms for retail and professional traders.

Pros/Cons

•Regulated activities and participation in compensation funds;

•No minimum deposit requirements when opening an account with the international division;

•Leverage is available for trading currencies and CFDs;

•Wide range of trading assets and markets;

•Fee rebates for new and active existing clients with large trading volumes;

•Floating spreads from 0.6 pips for retail Forex traders;

•Bonuses for new clients and partnership programs for different client categories.

•The broker can reject opening accounts to traders with low capital or insufficient knowledge of derivatives trading;

•Deposits and withdrawals can’t be made with e-wallets, electronic payment systems, or cryptocurrencies;

•Trading conditions differ for various countries, so you have to look for the broker’s website in your country.

Study Review