TRADER OF THE WEEK | @xfinance

If you are looking for a grandmaster trader to learn from or simply a right signal to copy trade, this is definitely the space you need to keep an eye on every week starting today!

Long story short, we are going to highlight ONE superb trader every week based on their trading performance, ranking and you know the drills.

This week, we want to feature this trader, @xfinanceand his recent appealing growth in subscribers growth and trading performance since he connected his trading account to FOLLOWME on Aug 29, 2020.

This analysis was made based on the trader’s trading account of: #4, RoboForex-ProCent-2. The trader has a total of 3 trading accounts connected to FOLLOWME.

As of Dec 12, 2020 - 7:54 p.m. (GMT+8), this trader has an impressive FOLLOWRANK score of 8.6, and even reached as high as 9.6 in October since he first connected his trading account.

To recap, FOLLOWRANK is a comprehensive score calculated based on factors such as stability, profitability, risk control ability, non-lucky profitability, and capital scale of the account trading performance in the past 13 weeks.

On top of the impressive high ranking scores as stated, we want to highlight how this trader delivered a steady yet accurate trading performance ever since his first closed profit on Nov 7.

As of the time of writing, @xfinancehas a net profit of $6,459.45, an average profit of $49.02 and an average of $88.51 over the total trades of 157. Despite the less impressive ratio between the average profit/loss, he has a very attractive winning rate at 94.26% which can be attributed to his patience and sharp eyes to close the trading lots at the right time.

Based on the table below, you can see that he did not take any closing action between mid-August and end of October until the market movers came in during the early November such as the State’s election and COVID-19 vaccines first update. Ever since then, it is noticeable that @xfinancehas been delivering a pretty consistent profit level. With that being said, we are excited to see if this performance is sustainable in order to retain his ranking score on FOLLOWME!

Continuing on the topic of his profit analysis during this period, we also noticed that he was specifically focusing on the gold market, #XAU/USD#as shown below. This does not come as a shock considering the sharp drop in the precious metal’s price given the positive news of COVID-19 vaccines causing the stock market rally ever since.

GOLD PRICE CHART (Oct - Dec 2020)

To recap, the benchmark U.S. gold futures contract lost $112.50, or 5.9% on Nov 30, 2020. It was the yellow metal’s worst-ever month since November 2016, when it fell more than 7%. Read more.

Another interesting trend about this trader is the growth of subscribers and the amount of following substantially since Nov 15/22, 2020 - which is the beginning of the surge in both figures.

If you look at the charts below closely, you can see that the number of subscribers and the following amount went up by four times and 12 folds respectively. That is mindblowing!

So what are the reasons behind the unknown increase of confidence towards this trader? If you are one of @xfinance’s subscribers, we want to hear from you!

Or do you have something to say to this week’s featured trader? Leave your kind words in the comment section below!

That’s all for this week’s trader of the week. Don’t forget to check out our Signal tab for a Signal provider that suits you best!

Disclaimer: The data above should not be construed as investment advice. Any trades or hedges you make are taken at your own risk for your own account.