Hello, dear traders!
We just said goodbye to the summer. In August, I was actively resting, so there were very few trade deals – only 16. But it is not that that that that is important, but the final result. It’s quite positive for me.Profit for August was $7411.Trade in a brokerage company Maximarkets.
I followed the news closely despite the holiday. What do you remember about August? World news hasn’t added any optimism. Well, that’s been the norm lately, though. The tramp continues to destroy everything that was created earlier and, by the way, not them.
Trade conflict with China is gaining momentum. Chinese high-ranking officials visited Washington in order to somehow settle differences in trade. But when we got here, we left. The result of the visit is, you might say, zero. By the way, this week China may receive another “tranche” of duties from the U.S. This time, $200 billion.
The North American Free Trade Area (NAFTA) Treaty is on the verge of death. Trump has agreed on a new agreement with Mexico, and he is not interested in Canada at all (according to the tweets of the American president). Essentially, he offered her two options: either to come to the bow or to be free.
And finally, Iran. The United States reinstated the sanctions against Iran on August 7. And, of course, Mr. Trump doesn’t care that a whole group of states have been working on a nuclear deal with Iran that allowed for the lifting of sanctions for several years.And now I’ve got a small overview of my trading.
Best trade of the month
Applicant for this honorary title is only one – the sale of the euro/dollar pair. The deal was opened on the 2nd and closed on the 13th of August. The profit was $9708. The trading decision was made on the basis of technical analysis and taking into account fundamental factors. The market entry was made after the price rebound from the strong resistance level. This decision was confirmed by further developments in the market. The price has decisively penetrated the lower line of the triangle, then tested it and began to fall again. Before the opening of the deal, the statistics were released in the EU and the U.S. And it was clear that the United States had a much more impressive economic performance than the European Union.
What concerns the most unsuccessful deal, it is buying USD/JPY. The warrant was opened by the trend. However, the comments of the Bank of Japan did not go without a trace for the market. The rate of the currency pair began to decline quite rapidly. And it ended in a loss of $5688.
Fyodorov’s Inga04.09.2018
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