October was one of the most suitable month for active trading. How did clients of "FreshForex" use upsurge of market volatility?
Trading results accomplished in October:
- Over the last month the highest growth of deposit was 870%. This result was achieved by a participant of the "Welcome bonus" promotion, he showed a great trade, after having received a prize of $20.
- The highest number of transactions made was 1766. It is worth noting that this trader did not use trading expert advisors and was working solely with AUDUSD pair.
- The best result of the month was the profit in the amount of $132,827.
- 67% transactions were profitable.
What happened in the financial markets?
- 0.83% Strong US GDP data along with weak releases on inflation in Spain and Germany had put united European currency to test the annual low. GBP/USD -1.33% Compression of inflationary pressures in the UK forced the Bank of England to refrain from tightening of monetary policy.
2.44% The Bank of Japan increased its stimulus program in October, now the monetary base will increase by 80 trillion yen per year. This background allowedl Bullish rally to start, allowed the pair to finish the month with a positive result.
2.45% Positive corporate releases and macroeconomic statistics, the soft rhetoric of the Federal Reserve regarding monetary policy - all these reasons forced growth of the American stock market.
-2.91% Low inflation expectations in the world's leading economies is the main factor that puts pressure on the XAU/USD pair and promotes a strong sale of "yellow metal."
You can learn the additional information in the "Statistics of our work" section of our web-site.
Wish you success in trading!
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