Hello IG Community,
We are excited to announce that the community will be running a Top Contributors Competition which will be starting on the 1st June 2022 and ends 30th June 2022. We are giving away great prizes to be won for our top 3 contributors which will be awarded at the end of the month and we’ll be announcing the winners.
How does the competition work?
The rules are we will be selecting our top 3 contributors on the IG community based on both the quantity and qua
Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders.
Greed can very easily turn good trades into bad ones and bad trades into worse trades. This article provides a number of tips to control greed and how to stop it interfering with your trading success.
WHAT IS GREED IN TRADING AND HOW DOES IT IMPACT TRADER SUCCESS?
Greed can be
Knowing how to control emotions while trading can prove to be the difference between success and failure. Your mental state has a significant impact on the decisions you make, particularly if you are new to trading, and keeping a calm demeanor is important for consistent trading. In this piece, we explore the importance of day trading psychology, for both beginner and more experienced traders, and give some pointers on how to trade without emotions.
THE IMPORTANCE OF CONTROLLING EMOTIONS WH
WHAT IS THE NUMBER ONE MISTAKE TRADERS MAKE?
Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success.
There are certain patterns which may separate profitable traders from those who ultimately lose money. And indeed, there is one particular mistake that in our experience gets repeated time and time again. What is the single most important mistake that led to traders losing
HOW TO USE TWITTER FOR TRADERS
Trade The News
The Role of Twitter
When Did Twitter Become Important For Traders
Examples: Twitter Ahead of Traditional Newswires
How to Spot Fake News
How Traders Effectively Monitor Twitter
Who to Follow on Twitter
TWITTER TRADERS
Since the introduction of social media, the 21st century trader has had a new tool at their disposal. In this article, I will discuss how financial market participants can u
Hello IG Community,
A new addition to the IG Community
The IG Community Newsletter will be ready to view soon, we have upcoming market events, updates on what the community has been and will be up to, market news updates and how community members can get involved with the next newsletter.
Why have a Community newsletters?
It will contain important news and updates to make the Community aware, as well as our products updates and other significant informatio
Rising interest rates are a natural part of the economic cycle and those who pay close attention to the bigger picture and seize the fleeting opportunities to profit in a rapidly changing environment.
Source: Bloomberg
Shares Commodities Interest rate Investment Bond Business cycle
Talking Points:
- As looked at earlier in this module,Fibonacci retracements can help traders to identify possible support/resistance.
- We’ve previously discussed how a trader can use Fibonacci retracements on long-term-charts, and by focusing on multiple major moves traders may be able to glean confluent areas of support/resistance. This can provide multiple reasons for buyers or sellers to defend these key spots on the chart, keeping the door open for reversals or retracements.
Feb 8, 2022 By:Frank Kaberna, tastytrade
One of the most frightening sights in trading is the infinity symbol that appears next to the potential loss on a position that is short the underlying market. Selling futures, calls, and even shares of stock short can give you both the ability to profit from a market moving lower and the theoretical chance of losing multiples of your money if the market’s price approaches infinity.
SMO \ Small Crude Oil
But prices rarely reflect a sid
- Reviewed by James Stanley, Nov. 24, 2021
SMALL FIXES CAN ADD UP TO BIG CHANGE
This may sound obvious, but this is an overlooked area of trader development – identifying weaknesses and turning them into strengths. It’s one of the reasons many trading mistakes are made over and over and over again. Even fixing the little stuff, making tweaks here and there can add to up to a big difference. Fixing a mistake in one area can help remedy a problem in another, and so on, it’s a process.
Feb 1, 2022 By James Blakeway. Tastytrade
Despite the aggressive two-day rally to close out January, the Nasdaq-100 (NDX) is still down 8.5% so far in 2022. Additionally, the index is 10.9% off all-time highs, set on November 11th of last year. This all comes after a stellar 2021 which saw the Nasdaq rise over 26%.
Many of the nation’s top companies reported earnings in January, including some key stocks in the Nasdaq-100. These names included Microsoft (MSFT), Apple (AAPL), Netflix (N
- Reviewed by James Stanley, Nov. 24, 2021
The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. As a result, the ISM manufacturing, construction and services indicators can provide unique opportunities for forex traders, which makes understanding this data (and how to prepare for its monthly release) essential.
Talking points:
What is ISM?
How ISM impacts currencies
How forex traders use ISM data
Jan 31, 2022 By Frank Kaberna, tastytrade.
The descent in metals following last week’s FOMC could present an interesting opportunity for those looking to add long gold and silver exposure to their portfolio or at least try their hand at trading this unique asset class diversified from equities on a historical extreme.
Futures have long been a low-cost, direct route to gaining precious metal investment without having to either physically own the commodity or pay a high capit
This story ran in April 2021 and may have dated references, but it remains relevant and a fascinating read for traders.
The Covid-19 pandemic plunged the world into deep recession as nations retreated into lockdown to contain the viral spread. But monetary and fiscal officials responded to the crisis swiftly and powerfully, based on the collective wisdom they gained during the 2008 global financial crisis and its aftermath. This time, world leaders took bold action to avoid a sluggish recov
MACD INDICATOR – TALKING POINTS:
What is MACD?
What does MACD measure?
How is MACD calculated?
Limitations of MACD
WHAT IS MACD?
The Moving Average Convergence Divergence (MACD) is a technical indicator which simply measures the relationship of exponential moving averages (EMA).The MACD displays a MACD line (blue), signal line (red) and a histogram (green) - showing the difference between the MACD line and the signal line.
The MACD line is the diff
Reviewed by Nick Cawley on December 8, 2021
WHAT IS A 200 DAY MOVING AVERAGE
The 200 day moving average is a technical indicator used to analyze and identify long term trends. Essentially, it is a line that represents the average closing price for the last 200 days and can be applied to any security.
The 200 day moving average is widely used by forex traders because it is seen as a good indicator of the long term trend in the forex market. If price is consistently tradi
- Reviewed by James Stanley, Nov. 24, 2021
Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. This article will cover:
What a bias is in trading
Why traders need a bias
How to develop trading bias using technical indicators
Further reading to develop a successful trading mindset
WHAT IS BIAS IN TRADING?
Trading bias is a predisposition or perspective of the fina
Earnings season can be a great time for a trader to get insight on their equity investments, as well as benefit from short-term volatility. But in order to maximize this trading opportunity, there are some key considerations to make before diving in. Read on for our three steps to follow when using earnings reports for trading.
3 STEPS FOR USING EARNINGS REPORTS IN YOUR TRADING
Preparing for earnings season involves choosing the companies to focus on and undertaking thorough resea
- Reviewed by James Stanley, Nov. 24, 2021
Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. However, not all triangle formations can be interpreted in the same way, which is why it is essential to understand each triangle pattern individually.
Forex triangle patterns main talking points:
Definition of a triangle pa
What is the Dow?
Jan 19, 2022
By:James Blakeway, tastytrade.
The Dow, known formally as the Dow Jones Industrial Average, is made up of 30 large U.S.-listed companies and is an indicator of how these companies have traded during a standard trading session.
“Dow Jones Hits 30,000”, or whichever milestone the index is finally reaching, is an extremely common headline in mainstream financial and general news media. The index is known around the world as the barometer for the U.S
Reviewed by Nick Cawley on December 23, 2021
Traders with a strong understanding of technical indicators are usually better equipped to navigate the financial markets than those that lack this knowledge. While personal investing goals, risk appetite and trading style will help to determine a strategy and trading plan, knowing what technical indicators to use in your approach can help to determine possible entry and exit points.
Hundreds of technical indicators exist, and clear signals
Jan 18, 2022
By:Frank Kaberna, tastytrade
To many, crude oil trading looks like the wild west: it’s a singular marketplace lacking diversification seen in other risk-on markets like equities; its traditional futures products can swing $1,000s per day; and the energy source’s options boast twice the volatility of the S&P 500.*
/SMO \ Small Crude Oil Futures
Source: dxFeed
With all of that being said, it’s still one of the most popular assets among active traders
- Reviewed by James Stanley, Nov. 24, 2021
A forex trading journal is a log of your trades that can help you refine your strategies based on learning from previous experiences. Just as a business owner tracks inventory, a trader should also keep up with their closed positions.
While keeping a trading journal may be difficult at first, recording your trades can help answer some critical questions about your trading techniques. It can increase the consistency of your trading, keep you ac
Natural Gas is a highly popular commodity, particularly amongst day traders. The spread is reasonable with high liquidity, making it easy for traders to get in and out of trades with little difficulty. Nat gas also appeals to longer term traders because this macro asset has been known to trend for extended periods of time. Furthermore, natural gas is susceptible to pockets of volatility which lead to massive price spikes. The good news is these spikes tend to have a seasonal component to them wh
- Reviewed by James Stanlely, Nov. 24, 2021
TECHNICAL ANALYSIS CHARTS: TALKING POINTS
Technical analysis of charts aims to identify patterns and market trends by utilising differing forms of technical chart types and other chart functions. Interpreting charts can be intimidating for novice traders, so understanding basic technical analysis is essential. This article reveals popular types of technical analysis charts used in forex trading, outlining the foundations and uses of these cha