Welcome, Dear Traders! Ended Oct. I summarize the trading results. They are not as impressive as in the previous month. However, the profit is not bad – 3278 dollars. Within a month I closed 63 trading orders. At the same time, only 8 of them were unprofitable. For several years I have been consistently earning at Maximarkets. The background of the news in October can be described in one word – coronavirus. Most of the messages were related to this topic in one way or another. Unfortunately, the forecast for the second wave of the pandemic seems correct. In many countries, the rate of infection has accelerated. The authorities of some European countries have tightened the restrictions, which will once again have a negative impact on the region’s economy. However, this may not be as significant as was observed in the spring. The oil market was dominated by pessimism in the context of the expected weakening of demand due to the same pandemic. The gold market has focused on the situation in the United States. The country ran an election campaign that reflected investor sentiment.
Best Offer of the Month
I am not one of those traders who trade on a single currency pair. I like to diversify the trading process and use different trading tools. October was no exception. I tried. don’t miss the favourable market entry situations for currency pairs, indices, gold and oil. If as a criterion the best deal to use profit, in October it was a transaction to buy a pair of xauusd. It closed with a profit of $1,409. The deal opened in a 30-minute schedule after the price dropped from support and closed two hours later as signs of a weakening upward movement emerged.
Worst trade in the month
Total profit for October was largely reduced due to a loss-making transaction that opened in mid-September. This is a pair of xauusd purchases. A few days later, wounds around the world began to sell actively against the background of the deteriorating epidemiological situation. The gold market reacted to the overall sentiment. My warrant went red. By the end of the month, the loss had reached the maximum allowable amount. Maintaining transaction has further become dangerous for the deposit. Therefore, on October 1, it was necessary to make up for the loss of more than $6,000. November will be a difficult month for trading. We can expect increased volatility in the markets. And it’s not just a pandemic. Yesterday, the US presidential election was held. And judging by the information that will appear today, there is no clear winner. This means that lawsuits are likely to begin in the United States, which will create uncertainty for a long period of time. will influence the dynamics of the markets. Download my trade on: statement_october 2020 101 Record Trade Review for October. Profit – $3,278. The Journal for Forex Traders forex-for-you.ru.