Steven from Infinity Shares Forex Club unveils the results for the week 2-6 April
"Dear members,
It was a disappointing week for us, the traders. We had very high hopes for the announced reports such as the Australian and UK Interest Rate and also the famous Non-Farm Payrolls. All these reports were tradable and would have been traded if our platform would have let us. We werent able to open those positions at those crucial moments simply because they wouldnt let us. When we mailed our broker, they replied us that they couldnt guarantee liquidity during news releases, although they have been able to deliver for the last 5-6 months.
Now there are several explanations possible for this lack of liquidity, I'll mention 3 and I do hope its one of the first 2! First of all, it could have been a "week-off" for most institutions due to Easter coming up. Secondly, its the taxation month for all companies around the world and that means they are closing/opening position on the market that makes it go wild, and increase the volume traded , thus lowering the liquidity. Thirdly, we are noticed by our broker, or rather, the bank from our broker and they think we've taken enough of their money while they couldnt execute the positions.
We'll have to wait and see the next coming weeks, we are already looking into other options, both trading style and broker oriented. So there shouldnt be worried about the future of the Infinity Shares Forex Club.
As you could have expected after reading this, the results for this week are 0%, we do hope we'll to announce normal results again.
Kind Regards,
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