FXIFY has released its weekly report highlighting the top five traders participating in its $200K and $400K trading challenges. Notably, the top payout for the week amounted to $22,500, reflecting an impressive gain of 11.25%. Other significant payouts included $18,387.12 (9.19% gain), $16,731.11 (8.37% gain), $16,487.76 (8.24% gain), and a $14,040 payout from the $400K Challenge, which represented a 3.51% gain.
In addition to recognizing top traders, FXIFY is alerting its community about major economic news expected today. Key events to monitor include the release of the GBP Flash PMIs at 11:30 AM GMT +3, and the USD Unemployment Claims along with Flash PMIs at 3:30 PM GMT +3. Traders are advised to anticipate potential market volatility during these times to avoid unforeseen consequences.
Furthermore, recent observations indicate that the average trading duration for successful trades significantly varies among traders. The longest position held in the last month was an impressive 31 days in the EUR/GBP pair, emphasizing the importance of patience in achieving trading success. FXIFY encourages traders to reflect on their own strategies regarding trade duration.