published-date Published: December 21, 2023
update-date Last Update: January 31, 2024

Trading Report 2023: Top Instruments and Key Highlights

 

As we close the chapter on 2023, a year full of market-shaping events, let’s reflect on how these moments played out in the trading world. We took a look at the TradeLocker platform data to create a short trading report of how our users managed their trades this year.

The year saw a rollercoaster of market trends, influenced by devastating geopolitical tensions, new economic policies, fluctuating interest rates and technological advancements. We witnessed GPT-4 getting released, Twitter rebranding as X, the space race intensifying and even Hollywood going on strike. Within this context, our data tells a story of how traders skillfully dealt with all these changes.

Here is is a highlight reel from 2023, from market trends to the trading habits of our users.

TradeLocker trading report

1. Most traded instruments

In terms of trading volume, the NAS100 topped the list, while XAUUSD led in the number of trades. These choices show the strategic shifts among our traders, balancing between tech-heavy indices and traditional assets.

2. Profit and Loss

ADAUSD was the most profitable instrument, proving the growing interest in alternative assets. In contrast, DOGEUSD was the least profitable instrument, reflecting the volatile nature of meme-driven markets.

3. Asset class trends

Indices proved to be the most profitable asset class, which reflects their reliability in a turbulent market. Although cryptocurrencies were widely traded, they ended up being the least profitable. They are known for their high-risk, high-reward nature among other digital assets.

4. Trading patterns

We found some valuable insights into when our trading community is most engaged. The peak trading hour was between 2 pm and 3 pm UTC. The most active trading month was December, with December 14th being the busiest day of the year for our traders.

 

The whole of 2023 has been a year where traders had to show great flexibility and adaptability. With an eye on emerging trends and a commitment to smart, informed trading strategies, we’re ready for another successful year.

Here’s to 2024!