Is True Forex Funds October Stats Better than September?

True Forex Funds has maintained a streak of success, as evidenced by the trading statistics for October. While the total funded account payouts slightly decreased from September’s $3,407,689.75 to $3,278,428.33 in October, the firm’s commitment to enabling traders to capitalize on forex markets remains unwavering.

The highest payout for October was an impressive $36,587.50, which, while noteworthy, fell short of September’s peak payout of $50,153.52. Despite this, the average payout per trader in October increased to $2,858.52, up from September’s average of $2,748.14, indicating that the average trader at True Forex Funds performed better.

The number of payouts also saw a decrease, from 1240 in September to 1147 in October, suggesting a slight contraction in the number of transactions. This could be reflective of market conditions, trader strategies, or a myriad of other factors affecting trading volumes.

An interesting shift was observed in the most traded pairs; while Gold remained a constant favorite, traders in October preferred the US30 (Dow Jones Industrial Average), over EURUSD, which was more popular in September. This shift highlights the dynamic nature of forex trading and the adaptability of True Forex Funds’ traders to market changes.

A comparison between September and October statistics

• Total Funded Account Payouts:

  • September: $3,407,689.75
  • October: $3,278,428.33
  • While October saw a decrease in total payouts, the robust figures indicate continued success.

• Highest Payout:

  • September: $50,153.52
  • October: $36,587.50
  • The highest payout for October was lower, but still represents a significant win for the trader involved.

• Number of Payouts:

  • September: 1240 payouts
  • October: 1147 payouts
  • There was a slight reduction in the number of payouts, hinting at more concentrated success among traders.

• Average Payout:

  • September: $2,748.14
  • October: $2,858.52
  • The average payout per trader actually increased, indicating higher individual trader earnings.

• Most Traded Pairs:

  • September: Gold & EURUSD
  • October: Gold & US30
  • Gold remains a favorite, with the US30 replacing EURUSD as the other top traded pair in October.

Although the overall payout in October was slightly lower than September, the increase in the average payout suggests that True Forex Funds’ traders are optimizing their strategies for better returns. The shift in the most traded pairs to include the US30 reflects the traders’ agility in adapting to market trends.

True Forex Funds continues to stand by its commitment to providing its traders with the capital and support needed to make the most out of the forex market.