Global equities were broadly higher in November. US markets rose on progress for a preliminary US-China trade deal and better economic data. More than 70% of companies reported better than expected earnings, contributing to the Dow Jones index gain 3.6%, closing above 28,000. German economic data was particularly strong with the German DAX rising 2.7%, closing near the 13,300 level. This month also saw Christine Lagarde take over as president of the European Central Bank. Latest GDP figures released confirmed that the UK economy narrowly avoided entering a technical recession. Gains in the FTSE were once again limited though by the rally witnessed in sterling with the FTSE 100 adding 1.3%.
This month a total of 244 trade orders were provided. You can expect up to 300 trade orders in any given month. A total of 46 or 19% of trades were activated with a better than 70% win ratio. Generally no more than 30% of trades are activated in any given month. The month of November saw a marginal difference in performance between our two services. The STANDARD service gained 2.4% whereas the PREMIUM service boasted a gain of 3.6%. The PREMIUM service delivered a gain of £540 on my £10,000 account due to higher leverage (1.5) used. I also continue to trade with very low leverage on my £20,000 account which gained £720.
Using low leverage means low drawdowns however if you are comfortable in taking more risk, gains can be multiplied by increasing position size. My position size is included in my orders but obviously users can amend this according to their account size or risk profile. Past performance mentioned is no indication of future performance and may not be repeated.