The strong rally continued as resolution to the US-China trade tensions looked ominous, supported by market expectations that the Federal Reserve will not raise interest rates this year. UK indices also saw a strong rally but was limited by further strength in the GBP currency.
The Dow Jones index rallied just shy of 4% to move back above December levels, erasing the steep decline displaying how resilient the US market is proving to be. The FTSE 100 gained 1.5% managing to close back above the key 7,000 level. The German DAX gained 3.4% to recover back above losses experienced in December.
A new record gain was enjoyed this month giving us a very promising start to the year. This month a total of 276 trade orders were provided. A total of 70 or 25% of trades were activated, proving to be a very similar month to January both in trade statistics and performance gain. Generally no more than 30% of trades are activated in any given month.
The month of February once again saw a noticeable difference in performance between our two services. The STANDARD service gained 11.4% whereas the PREMIUM service boasted a gain of 15.6%. The PREMIUM service delivered a gain of £2,340 on my £10,000 account due to higher leverage (1.5) used. Using low leverage means low drawdowns however if your comfortable in taking more risk, gains can be multiplied by increasing position size. Past performance mentioned is no indication of future performance and may not be repeated.