SimpleFX users who followed our leading authors of Trading Ideas once again made a big profit. In October the best and the most accurate predictions were all made for Forex.
The market was very volatile, so margin trading in the forex market was very profitable in October. The dollar rose against the euro, which was good for traders who bought dollar-denominated assets because it made their money worth more. The dollar also rose against the yen, which helped traders who had short positions on the dollar to be able to settle their loans.
Here are the best Trading Ideas in October. Their authors receive prizes paid to their live trading accounts in BTC.
|EURUSD technical analysis
|buy EURUSD 1.15587, take profit 1.16651
|USDCHF downside favored
|sell USDCHF 0.92868, take profit 0.92150
|AUDJPY technical analysis
|buy AUDJPY 84.292, take profit 85.45
|GBPUSD technical analysis
|sell GBPUSD 1.38278, take profit 1.376
The competition continues in November. Make sure you share your trading insights with the SimpleFX community. Here’s a short guide on how to do it.