Last day to improve your performance, lads. Wisiwi kept his November’s leadership since the last article while yad-48 lost one rank but managed to stay on the podium. Note that Bulgaria ranks three players in the top 10, that’s not bad at all. Put your chips on the table because the Forex Trading Contest’s ranking is pretty much definitive for this month.
Yesterday, European finance ministers met and agreed to increase the EFSF. Good, but it doesn’t really help strengthen the EUR against the USD, JPY and CHF. Too bad.
Speaking about currencies, I was wondering whether the most successful traders focused on the same currency pairs. So let’s have a look at September, October and current November’s leader profiles, respectively RHexcalculor, paris2015 and wisiwi.
Instantaneous verdict, the EUR/USD rules unchallenged. We could think that this preference is due to the fact that the three traders are Europeans. I personally believe that if they made it to the leaderboard, they probably build their portfolio by trading what is, according to them, the best choice in terms of liquidity, movement, stability and/or instability. Therefore, their operations are constantly on return flights over the Atlantic ocean.
Moreover, the EUR/USD is actually the most popular currency pair on the Forex market, the European Union being the largest economic area on the planet and the United States being the world’s first economic power. Although China is going to replace them within the next 20 years.
By then, you’ll all be good at trading the Yuan renminbi :)
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