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10/06/21 10:53
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By tradinglounge · Posted
The stock market is moving higher as expected, with the SP500, NASDAQ 100, Russell 2000, and Dow Jones showing an impulse wave structure moving higher, with Elliott Wave (iii) of iii) of 3. Strategies should focus on protecting long trades. Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES Summary Impulse wave structure moving higher Elliott Wave (iii) of iii) of 3 Strategies Protecting long trades Video Chapters 00:00 S&P500 16:35 NASDAQ 100 (NDX) 17:33 Russell 2000 (RUT) 18:07 Dow Jones (DJI) 19:53 TRIAL Buy 1 Month Get 3 Months Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com -
Name Of Stock - Novo Integrated Sciences Inc Name of Stock Exchange - NASDAQCm Leverage or share dealing - Share dealing Ticker - NVOS Market cap - £7.5M
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Look Ahead to 02/02/23: ECB, BoE; BT, SHEL, GOOGL, AAPL, AMZN earnings A day after the Fed, the European Central Bank and the Bank of England are expected to raise interest rates. Watch out for live coverage from IG’s Chris Beauchamp and Axel Rudolph. Plus, tech, telco and oil earnings dominate, with reports from BT (BT), Shell (SHEL), Infineon (IFXGn), Apple (AAPL), and Amazon (AMZN).
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Question
Arindom
Hello
I hold cash in GBP but as deal US ETFs , I was using instant currency conversion.
In one of my recent trade it came to my notice that though there was a $36 profit on the trade , my account had a £67 loss.
On enquiring realised it was due to conversion rate which during sell was not in my favour and so incurred a loss.
Given that I will always deal in Dollars, also considering there is a $15 charge per trade as minimum ( 2 cents per share but my share quantity at this stage will not go over that 15)
Q1. Has anyone here noticed that they are at a profit by doing manual conversion and staying in dollars?
Q2. If my cash stays in dollars and I trade in dollars, will I get rid of the 0.5% Fx conversion fee?
Kind regards
Arindom
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