Trade review for November. Profit – $4,553.
101.000 Welcome blog readers!
My active trade in November was quite successful. At the end of the month, revenue was nearly $4,553. A total of 38 trade transactions were closed, including 29 with a profit.
My trading account is open at Maximarkets.
As for the news, recently they remain consistently negative. The main topic is still the same – the coronavirus pandemic and its impact on the economy, markets, finances. The situation remains difficult. And frankly, I don’t share the optimism about the vaccine. It will take a long time to get more or less significant impact from vaccination. In the meantime, the world economy will continue to be under pressure from a pandemic that is sure to affect markets. In addition to the crowning theme, the topic of the US presidential election was actively discussed in November. Despite the obvious violations, Biden seemed to win. It is difficult to say how this will affect the world economy. The new American president must first stop the rapid growth of coronavirus diseases in the country and lift the economy. As far as international policy is concerned, with the arrival of Biden, some improvement in US relations with China and the EU is expected. Admittedly, the markets reacted relatively calmly to the US presidential election. It turned out that they are more sensitive to coronavirus.
And now I will tell you more about my trading last month. I hardly traded currency pairs. In trade, I focused mainly on coal and oil. There have been strong movements in these markets. In addition, it was not so difficult to predict them if you follow the news.
Best Offer of the Month
By xauusd pair I closed 11 trades in November. Ten orders reported gains. The best offer in terms of profit was the purchase of xauusd on November 13. After falling gold prices on the news of the successful completion of the vaccine study, the precious metals market began to gradually recover. Gold prices were also supported by information on the worsening epidemiological situation in many countries around the world. I opened the order for a pair of xauusd after breaking the resistance level price. It was closed by take profit. Profit – $4,046.
Worst offer of the month
It was gold again. The order was issued on November 4, shortly after the U.S. election. Uncertainty over the election results has strengthened the dollar. And as you know, the rise of the dollar makes buying gold for investors who make payments in other currencies unprofitable. The price of precious metals was falling and there was a prospect of closing the order at a profit. But then the situation changed. It happened as soon as the media reported biden’s likely victory. Gold started to rise, and I had to record a loss of $8,367. But due to other successful offers I still managed to finish the month with a very good result.
Record Trade Review for November. Profit – $4,553. The Journal for Forex Traders forex-for-you.ru.