SimpleFX Trading Ideas July Winners

Wow! How profitable were these Trading Ideas. Everyone who followed the advice of July’s winner and opened a perfectly timed highly leveraged long position on EURGBP could have made even 388% profit in one day!

Here are the winners. Thanks for sharing your ideas.

Trading Idea | author | summary | prize
EURGBP technical analysis | jojopink1991 | buy EURGBP 0,85373, take profit first one: 0,85642 , take profit second one 0,86037 | $35
GBPNZD Long | abousarah25 | buy GBPNZD 1,9564, take profit 1,9743 | $25
USDCHF short opportunity | danitani455 | sell USDCHF 0,9240, take profit 0,92 | $20
GBPUSD Technical analysis | purwantokali | buy GBPUSD 1,37674, take profit 1,38404 | $20

If you want to do it, read this post about how to create and share Trading Ideas.

The month of July saw a lot of volatility due to anxiety over the risk from the next wave of the COVID-19 pandemic. Many traders took huge risks and had hedged portfolios that helped them weather this storm. Let’s check out some of their strategies!

To be successful, traders need to take advantage of both upswings and downswings in the market by first looking for opportunities when things are going well, then looking for ways to protect themselves during downturns. With SimpleFX also less experienced traders can learn how to profit from volatility. The best way to start is to follow the advice from the authors of the best Trading Ideas.