At the end of the first week of the World TopInvestor competition, Zoltan Ákos Dózsa from Hungary is leading with impressive gains of +85.66%. Four out of the top 10 participants at the end of the week are from Hungary.
The leader of French league with a performance of +34.12%, Philippe Lhemie, is holding the third place at World level. He trades Forex only and uses spot, outright forwards and options. He invests both in short and long term views. His margin usage was between 50 and 70% and he traded 29 times during the week. Last Wednesday, he woke up early at 4:00 AM to play the BOJ decision and profited from the knee jerk reaction to short the Japanese Yen just after the announcement by NHK TV that the governor was in favor of a rate hike.
During the first week of the competition in Bulgaria, more than 50% of the participants started trading. The most actively traded instrument was spot forex followed by CFDs. Many ups and downs in the ranking as at the end of the week the leader advanced ahead of the others with 10% return. The leader of the Bulgarian league retains an excellent win:lose ratio of 3:0 and average margin usage of 50%. His trading strategy is mostly short term, based on a mix of technical and fundamental analysis with prevailing use of technical signals.