February 2024 Net Returns

Please find below the net returns for February 2024.

For the months of January and February the returns are less and this due to the market volatility being low.

Whilst high volatility creates the chances of higher risk trades, low volatility means less trades occur.  Further with low volatility the time to close a trade becomes longer.

If you want to increase your returns when low volatility one option available is to increase the lot sizes we open.  We are not comfortable at this time in looking at this option as markets can change quickly.

It also appears large new events 3 to 6 months ago make little difference in the markets: Russia/Ukraine, large property companies in China going broke, Trump wanting to be voted back in, cost of living sky high, environment continues to go backwards etc

Whilst we would like higher returns, we have a whole year to achieve this, so we continue with no changes to our strategies.

Any queries, please do not hesitate to come back to me.

Disclaimer: While all reasonable care has been taken in the preparation of this information, Brindabella Capital take no responsibility for any actions taken based on information contained herein or for any errors or omissions. Interested parties should seek independent advice prior to acting on any information presented.

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Trading on forex markets carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading on forex markets may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.