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April 2019 Market Update

Posted byNilan Wijesooriya April 30, 2019May 10, 2020 Leave a comment on April 2019 Market Update

Stocks continued to rise amid encouraging economic data and dovishness from major central banks. Strong US earnings and Eurozone financials showed particular strength. UK indices underperformed the Eurozone due to the lagging heavyweight mining sector. The Dow Jones index rose 2.1%. The FTSE 100 added 1.9%. The German DAX managed an impressive 6.3% gain.

Both services delivered slightly better performance than the previous month. A total of 240 trade orders were provided. You can expect up to 300 trade orders in any given month. A total of 42 or 18% of trades were triggered, generally no more than 30% of trades are activated in any given month.

The STANDARD service gained 3.6% whereas the PREMIUM service boasted a gain of 5.2%. The PREMIUM service delivered a gain of £780 on my £10,000 account due to higher leverage (1.5) used.

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.

Tags: analyst online, automated trading, cfds, crude oil, day trade signals, day trading, gilead, gold, managed account, moderna, nilan wijesooriya, precious metal, spread betting, stocks, volatility,

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