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Practice of trading in October 2020 +15 308 $ – Forex for beginners from scratch

Good day! As always, at the beginning of the month I hasten to submit a report on my trade. Let me remind you that my account was opened with the broker Maximarkets, where I have been trading for a long time. For the entire reporting month, 23 trades were made. This is not so much, but the end result of the trade is good. Only two deals were closed with loss fixation. They recorded a loss of $ 1,047. 21 deals were closed with a profit. The total profit, after deducting commissions for some trades, was 15,308.44 dollars. In October, trading was carried out in the foreign exchange market, the precious metals market, the stock market and the cryptocurrency market.

Gold trading

In recent years, it is quite easy to predict the rise in the price of gold. If you look at the price chart of the USD Index and its decline, it is expected that the price of the precious metal will rise. Taking into account the upcoming presidential elections in the United States and the fact that there are practically no independent assets on the markets, we can draw appropriate conclusions. But it is not only the US elections that affect the pricing of the metals market. The main exporter of the precious metal, China, posted higher than expected business growth. But the gold market has never been stable movements, so we had to act according to the situation. In total, during the reporting period, 13 trades were made on the precious metals market. Of these, 8 purchases and 5 sales. On October 9, the purchase of the xauusd asset brought the biggest profit of the month $ 2075.00. All operations in the gold market brought a total profit of $ 12 855.93.

Stock trading

Transactions with Sberbank shares

In October, 3 deals were made on the stock market. The trading was carried out in sberbank and louisvuit shares. Against the background of the growth of the stock market of the Moscow Exchange and the positive background of the Ministry of Finance news, the price of Sberbank shares began to rise. It was decided to open a buy order. After the release of statistics on the incidence of coronavirus in Russia, the ruble began to decline along with stock prices and indices. A decision was made to open a short position. Both deals were closed with a profit of $ 2003.62. Total trading on the stock market during the reporting period brought in 2,302.25 US dollars.

Forex trading

Only two transactions were made in the foreign exchange market this month. The first deal – the purchase of the usdrub currency pair brought in a profit of $ 816.27. But the purchase of a pair of audcad was unsuccessful and brought the biggest loss of the month, minus 1046.94 dollars. But any losses are only part of the trading process and must be taken for granted.

Cryptocurrency exchange trading

I will not say that working with cryptocurrency in October was successful, but it brought its contribution to the replenishment of the deposit balance. Only 5 deals were executed, of which only one was unprofitable. Although the loss of 53 cents can simply be considered symbolic. The remaining 4 trades, minus the commission, brought in a profit of $ 380.93. So, in general, we can consider the work on the markets in October successful. The total balance of my deposit at the moment is $ 46,122.95. I want to draw everyone’s attention to compliance with the rules of capital management, in order to avoid unplanned losses. I wish you all a successful trade!

The history of all transactions for October is displayed in the statement, which can be viewed at the link:

Yours faithfully,

Vitaly Pryadko.

November 6, 2020

Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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