May was tough for cryptocurrency and stock markets. Bitcoin slid in the first days of the month below $30k and still has problems breaking out again.
Stocks took a deep dive with S&P 500 hitting 3811 points on May 20, but then they recovered ending the month at similar levels as they started it.
SimpleFX veteran margin traders benefited mostly from the forex markets’ opportunities, especially trading GBPJPY and EURUSD.
Despite growing uncertainty in the global economy and inflation fears, gold has finished May losing 2.6%. Nevertheless, high price volatility helped margin traders take big profits.
Here are the most profitable Trading Ideas in May. Hopefully, you are following these SimpleFX users, as they provide some insightful advice time and time again.
Every month the authors of the best recommendations are rewarded with bitcoin. Congratulations.
| Trading Idea | Author | Recommendation | Reward |
| GBPJPY technical analysis | belabbassidiali58 | sell GBPJPY at 160.658, take profit at 159.300 | $25 |
| Language of the price. EURUSD H1. Long | vasquez2197 | buy EURUSD at 1.05123, take profit at 1.06061 | $25 |
| EURUSD technical analysis | danitani455 | buy EURUSD at 1.04760, take profit at 1.056 | $25 |
| XAUUSD bullish | chemkhedidja | buy XAUSD at 1817.78, take profit at 1850 | $25 |
Remember that in May we introduced new maximum leverage for forex majors. Now you can trade even with 1000x leverage. Give it a try if you want to boost your profits, but remember that trading with high leverage will accelerate your losses if the market goes against you.
