The rise of the dollar and the fall of the yen. How did these factors affect the success of traders?
What was November like for traders?
Only 22% of customers were able to make money on Forex Club in November. Such data is shown to us by the company’s analytics. This is 3% less than in October. If we consider the results of clients with a deposit above $10,000, then their result was as much as 48%. And about 70% of customers came out with plus or minus $ 100. Without earning much, they either broke even or lost almost nothing.
Who succeeded and who lost?
The most successful trader was able to earn as much as $323,000. He achieved this result by trading British pounds and US dollars using their volatility. Needless to say, the volatility of the US currency was caused by the US elections. Well, some people managed to catch the moment in time. But most of all, the trader who tried to make money on buying gold and the Japanese yen was unlucky. His loss amounted to 290 thousand dollars.
The overall result of November showed that many expect further growth of the dollar. The Dow Jones index has updated its all-time high. Shares of NVIDIA CORP. rose immediately by a third, and the yen fell immediately by 10%.
