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Trading results week 24

Below you will find an update on trading results for the trading products used by Svenska Forexgruppen. More product results will be added when we launch a new product.

RETURNS IN WEEK 24:
Mobile Wealth Crypto Account: 0% (Risk level: 95%, before profit split)
Forexgruppen's Mixed Strategy Signal 1 (MSS1): 0.51%
Forexgruppen's Mixed Strategy Signal 2 (MSS2):  0.47%

Crypto Product

There are three risk levels to choose from and we have chosen to report only one level, 95%. Learn more about the different risk settings

Regarding the profit split, we are currently reporting the result before Mobile Wealth has taken its share. This is because we ourselves have not yet seen how the profit split is taken and are thus not entirely sure how the process works. So we are waiting for information about how it will happen in practice. Since the crypto market is open around the clock, every day of the week, this means that trading with the crypto product is also active around the clock. For the sake of simplicity, we have chosen to set a 'breakpoint' at the same time as the currency market closes at 23.00 on Friday night. This means that the weekly results will include the trades that have taken place up to and including the breakpoint each week. At the moment, there are some technical differences between the results shown in the Mobile Wealth back office and those shown in LiquidityOne, so the figures we show here are from L1 and are approximate until we can see the results more accurately. We will continue to refine the figures and reporting on an ongoing basis.

Commentary on this week's trading results:

The Mobile Wealth crypto account is still offline due to basic updates so hence the result is 0. We look forward to seeing trading start again in an updated and improved environment. If you missed the latest update on the crypto account and what you need to do yourself, you can read it here: Update 2024-05-27 (scroll down to the latest news).

Both MSS1 and MSS2 have continued to deliver well during the past week. The new strategy with shorter trades containing stop loss has proven to be profitable and very appreciated from a risk point of view. The obvious disadvantage is of course that losses will occur more frequently than with a strategy that uses "cover trades", but from a long-term perspective the advantages outweigh the disadvantages of this strategy. 

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===== DISCLAIMER =====

This result and other information from Svenska Forexgruppen, regardless of the channel in which such information is conveyed, does NOT constitute financial advice or a solicitation to invest capital or perform any form of trading, but the content is only intended as information regarding various topics related to trading that we ourselves have knowledge or experience of, how we ourselves and/or others act or utilise various products available in the market. It is entirely your own decision and responsibility if you choose to take any form of action, trade or investment with your own capital in the areas we discuss or inform about. By following, or accessing, any of our information channels, you accept that you are responsible for everything that happens in your accounts and with your own capital, both possible profits and possible losses, and that it is you who chooses if and when you start and end activities and actions of such kind. Historical returns are no guarantee of future profits.