August 2019 Market Update

Global equities declined in August as economic growth fears surfaced once again. US shares fell amid growth worries, economic recession was questioned and new tariffs were announced from President Trump. The prospect of a no-deal Brexit rose within government. Commodity and financial sectors led the falls and weak GDP figures were released. Furthermore, weaker economic data from Germany led to a consecutive negative month which saw the index lose -1.6%. The Dow Jones index suffered a loss of -2.5%, with the FTSE 100 falling -5.0% revisiting the 7,200 level.

Both services suffered a loss this month, albeit a small one. This month a total of 242 trade orders were provided. You can expect between 200 and 300 trade orders in any given month. A total of 68 or 28% of trades were activated which is high activity. Generally no more than 30% of trades are activated in any month.

The STANDARD service lost -3.8.% whereas the PREMIUM service lost -2.6%. The PREMIUM service resulted in a loss of -£390 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 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.