Meeting everyone who reads my blog.Today I’d like to talk about last month’s trading results.It was completed with a profit of $5980.I have a trading account with Maximarkets Company.
And for starters, as always, a few words about the news background in July. He’s been hanging around on the same topic, mostly. This is a trade conflict between the United States and China. We’ve been watching a month-long exchange of “courtesies” between these countries. Naturally, the right of first strike has always belonged to Washington. Well, Beijing was very quick to respond. Donald Trump, judging by what he said, doesn’t intend to make any arrangements with China. His Twitter confirms it. The U.S. president has promised to raise duties on additional Chinese goods for a total of more than $200 billion. And if Beijing continues to resist and defend its interests, then all Chinese imports will be affected. And that’s over $500 billion. In any case, the Chinese sent goods to the United States in 2017 for this amount. Only time will tell you how it all ends. However, this situation, of course, creates a certain nervousness in the markets.
At the end of the month, the U.S. Federal Reserve’s Open Market Committee met for its next meeting and made a decision that did not surprise anyone as expected. The key bet remains the same as it was.
Best trade of the month
I want to say that there were no very large profit deals in July. But due to the fact that there were a lot of them, I managed to successfully complete the month. That’s why it’s not easy to find the best deal to review. However, in terms of profit size, it was an XAU/USD sale. Gold showed a downward trend last month against the background of the dollar strengthening. That’s why I only considered sales on this trading instrument. Entry into the market was made on the basis of technical analysis. The order was opened to rebound from the resistance level and closed with a profit of 6400 dollars.
If successful trades brought me a rather modest profit, losing trade orders made me seriously nervous. There was a real threat to the deposit. The orders opened at the end of June for Turkish lira and oil had to be closed with large losses. Their total amount was about $70,000. But it all worked out. The situation was corrected and the month ended with dignity.
If you would like to learn more about my trading in July, please click on the link below:statement-ffy-07-2018
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