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Trading Update: April 2024

Market Overview: April witnessed a mix of events impacting global financial markets. Geopolitical tensions, including conflicts in Eastern Europe and the Middle East, along with concerns about inflation and central bank policies, kept investors on edge. Additionally, the energy crisis and supply chain disruptions continued to pose challenges. Despite these headwinds, major stock indices managed to hold steady, with tech stocks showing resilience amid market volatility.

NexxtGen Portfolio Performance: NexxtGen Markets concluded April with a -4.53% performance, marking a disappointing turn after sustained positive figures throughout the month. The decline was primarily attributed to increased capital allocation to trades, with expectations of favourable outcomes in May. This strategy shift aligns with the anticipation of capitalising on potential market movements despite the historical "Sell in May and stay away" sentiment.

Market Positions:

  1. GER40 (DAX): Our long position on the GER40, commonly known as the DAX, reflects confidence in the performance of Germany's top 40 listed companies. Notable constituents include household names such as Volkswagen, Siemens, and Adidas.

  2. Gold: Amid market uncertainties, our long position in gold serves as a hedge against volatility and economic instability. Gold remains a favoured asset among investors seeking safety and preservation of wealth.

  3. Forex Trades: Our forex trades include long positions on EUR/GBP, USD/JPY, and EUR/JPY, alongside short positions on GBP/JPY and GBP/USD. Currency trading offers opportunities for profit from fluctuations in exchange rates, with notable traders like George Soros and Stanley Druckenmiller setting benchmarks in the field.

  4. Long-Term Investments: Our long-term investments in Manchester United (+10%) and Borussia Dortmund (+7.5%) continue to yield positive returns, reflecting the resilience of football-related stocks. Additionally, our presence in the cryptocurrency space with Bitcoin and Ethereum aligns with the growing interest in digital assets and blockchain technology.

Copying Our Trades: You can automatically replicate our trades and investments at However, it's essential to acknowledge the inherent risks associated with trading and investing, especially in volatile markets.

Partnership with eToro: NexxtGen Markets has partnered with eToro, a leading social trading platform, providing an avenue for individuals to participate in the financial markets. Through this collaboration, we may receive a small commission for individuals joining eToro via NexxtGen Markets, further enhancing our commitment to empowering investors worldwide.


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