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September 2019 Market Update

Posted byNilan Wijesooriya September 27, 2019May 10, 2020 Leave a comment on September 2019 Market Update

Global equities traded higher for September. There was progress in US-China trade negotiations and central banks continued to support the market against the uncertain economic growth outlook. The Dow Jones index gained 2.9% closing just below the 27,000 mark. The FTSE 100 added 2.8% closing just above 7,400 and the German DAX managed the best advance closing just below 12,500 for a 4.4% gain.

Both services managed a gain although they actually underperformed the market for a change. This month a total of 245 trade orders were provided. Subscribers can expect up to 300 trade orders in any given month. A total of 61 or 25% of trades were activated and a better than 70% win ratio was maintained. Usually no more than 30% of trades are activated in any given month.

The month of September saw a fairly significant difference in performance between our two services. The STANDARD service gained 1.8% whereas the PREMIUM service boasted a gain of 3.8% just below our target of 4%. The PREMIUM service delivered a gain of £570 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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