This week was quite significant for money markets. Last Wednesday the United States announced the beginning of the end to their Quantitative Easing program. Meaning, that the economy is just about ready to exit the emergency state that it has been in since the market crash of 2008. This is the CopyTrader Gains Report for the week ending December 20th, 2013.
The timing is quite reflective of the performance of the top in investors in eToro. As we've stated before in this report, the top investors usually perform well when the markets are stable. For about 6 weeks now the market has been pretty much 1 direction. From the results last week and this week, it does seem like many are learning to adapt.
Let's take a look at the top investors in different categories, based on who has the most people copying them…
As usual, the Top 5 most copied investors have the most amount allocated to them in CIA (Copy Invested Amount). The best performance was the 6 to 10 group with almost 7% gain in a single week. So as a network we did good, but we can certainly do better.
With the positive results this week and last week the downward trend is certainly broken. So with all the holidays and partying happening this week, we hope to see some incredible results going into the end of the year. With the economy pulling back into gear this should be much easier to do. The stock market is at record high levels once again. So many of our clients who have a diverse stock portfolio are doing well.
For example, @FilipeMoraSerra from Colombia who has earned 218% in the past year. Or, Richard from England who is currently holding 7 different stocks. This has really been the best place lately for reduced risk and consistent gains.
The biggest gainer this week was @lorenzfrank1, who took full advantage of the USA's announcement on Wednesday buying the US Dollar against several other currencies.
Another top investor who cashed in big on the announcement is Gerrald Kiumu, also known as @GerDollarMan, from Kenya who earned over 13% for himself and his 2,800+ copiers.
For those who are celebrating, have a very happy holiday and let's have an amazing new year!!
Register For...
Free Trade Alerts
Education
1-on-1 Support
eToro Copytrader Tips