July Results: BitcoinSurpasses Gold in NordFX Trader Rankings
The brokerage company NordFX has released theperformance results of its clients' trading activities for July 2024. Theevaluation also covered the social trading services, PAMM and CopyTrading, aswell as the profits earned by the company's IB partners.
● The highest profit in July was achieved by a traderfrom East Asia, account No.1609XXX, with a profit of 50,792 USD. This solidresult was driven by the strengthening of bitcoin (BTC/USD).
– The second position in the ranking of the mostsuccessful traders of the month was secured by a client from South Asia,account No.1749XXX, who earned 45,106 USD from trades involving the 'golden'currency pair XAU/USD.
– The third place on the July podium was taken by acompatriot (account No.1771XXX), who achieved a result of 42,461 USD throughoperations with both the XAU/USD pair and the relatively exotic GBP/NZD pair.
● The following situation unfolded in NordFX'spassive investment services:
– In the PAMM service, we continue to observethe account Zenix 786, which has shown a profit of 106% over 131 days.The account Gold24 also attracted attention, with its name suggestingexclusive trading in the XAU/USD pair. The number '24' in the name might referto 24-carat purity (pure gold without any additives) or perhaps that trading isconducted 24 hours a day. Both interpretations are possible. Regardless, themanager of this account managed to achieve a profit of over 60% in just 62days. The results of both accounts are impressive; however, the maximumdrawdown, while not dramatic, is also not the smallest – 36% and 32%, respectively.
– On the CopyTrading showcase, highlyattractive signals, at least at first glance, occasionally appear among thestartups, showing astronomical returns. Currently, the signal Bro hassurged to the forefront, increasing the initial deposit by 554% in just 6 days!However, the maximum drawdown for the same period has already approached 43%.Therefore, while these super-results are impressive, it's important tounderstand that they are achieved through super-aggressive trading. Whensubscribing to such signals, one must consider that the risk of losing investedfunds is also extremely high.
Among the more stable and calm signals, NordFXSrilankaand Quiet_trade_USD stand out. While their profits are significantlylower than those of Bro, they still far exceed the interest rates on USDbank deposits. For instance, NordFXSrilanka showed a 47% increase over205 days with a maximum drawdown of less than 10%, and Quiet_trade_USDyielded a profit of 12% since early March with a drawdown of only around 15%.It is worth noting that the longevity (or lifespan) of signals and PAMMaccounts, along with maximum drawdown, are crucial indicators confirming thatthey won't collapse like a house of cards in the face of the first challengingsituation in the financial markets.
● Among NordFX's IB partners, the TOP-3 is asfollows:
– The first place was taken by a partner from SouthAsia, account No.1576XXX, who was rewarded with 16,445 USD in July;
– The next position was secured by another partnerfrom South Asia (account No.1618XXX), who received 13,859 USD;
– Finally, rounding out the top three is a thirdpartner from the same region, account No.1229XXX, who received a reward of6,610 USD.
Notice:These materials are not investment recommendations or guidelines for working infinancial markets and are intended for informational purposes only. Trading infinancial markets is risky and can result in a complete loss of depositedfunds.
