How did the best players play in the first round? The TMS Brokers competition is underway

The US elections and the second wave of illnesses fueled the markets in the first round educational competition TMS Brokers. Speculation exacerbated reports of further restrictions and a possible lockdown. How did this situation translate into players' investment strategies?

TMS Brokers competition - XNUMXst week

Winner of the 1st stage of the competition however, he did not choose either the currency market or the stock indices. 100% engaged in the market natural gasby making only 11 transactions and achieving a rate of return of 222,68%.  It is very likely that the investor expected a drop in the price of the raw material after the quotations reached the highs of the end of September 2020 and November 2019. The rate corrected from $ 2.93 to $ 2.61 / MMBtu in three days, then rebounded dynamically to $ 2.85 / MMBtu. The winner, after closing short positions, found that such a strong sell-off was a buying opportunity. A long position in the second half of the week put him at the top of the ranking.

The silver medalist also chose the raw materials market. Apart from natural gas, the runner-up traded on the American WTI crude oil. The difference between the first and second place in the competition was symbolic and amounted to less than 2%.

The player with a rate of return of over 164% came third. The portfolio of this player includes the less popular EUR / NOK currency pair or the French CAC40 stock exchange index, which brings together 40 of the strongest companies among the hundred with the highest capitalization on the Paris Stock Exchange.  In addition, the bronze medalist was involved in investing in the popular German DAX index.