FOLLOWME Community Trading Overview - December 2020

Total Trading Orders: 1,653,609

December was a bittersweet month for many of us as we welcome the new year with a heavy heart. As COVID-19 is still paving its way in multiple regions, many countries are struggling to keep their economies afloat. On the other hand, the U.S. went through another chaotic moment when the supporters of the current president, Donald Trump stormed the White House with a riot.

Despite so, there were plenty of opportunities in the same month with the global headlines and countries’ data release stimulating the market sentiment. On FOLLOWME, we saw some positive trends on trading volume, symbols activity and last but not least, best traders in the community.

Here are the highlights of FOLLOWME’s trading activity in December:

Trading Ratio in Each Symbol

The most-traded symbol on FOLLOWME for December 2020 is still #XAU/USD# at 28.85% and this was the same trend as stated in both our Community Report first half of 2020 and the third quarter as well. To date, the precious metal’s price has grown 17.4% to $1,839.30 (as of Jan 14, 2021 - 11:51 a.m., GMT+8) compared with $1,565.18 from a year ago. 

Next to that, we can see that #EUR/USD# is the second most traded pair at 17.08% on our platform given the headliners such as Brexit and the political turmoil in the U.S.

Profit/Loss Ratio - Traders

Profit/Loss Ratio - COPYTRADERS

For December last year, the COPYTRADERS has surprisingly performed slightly better than the Traders based on the profitable accounts ratio (Traders - 32.97% versus COPYTRADERS - 34.31%). 

To recap, the COPYTRADERS group lagged behind the Traders with the profitable accounts ratio of 36.65% versus 42.04% in November last year. 

Profitable Trading Ratio Per Symbol

Across the major symbols, #HK50# continued to be the most profitable trading symbol in December, at 69.84%, very close to its figure in November last year. This symbol climbed 2.5% to $27,250 throughout December.

The other top two symbols that follow were EUR/USD (65.76%) and GBP/USD (65.65%), a slight drop from November 2020. 

Top Performers in December

Hot Traders to Watch Out For

Top Performers of Each Symbol

 Best Brokers (Based on Traders’ Performance)

We hope this new year will be a better one for all of us, so give it your best shot but don't forget to always have a risk-control strategy with every trade you make!

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