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10/06/21 10:53
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By Captainsaudi · Posted
Investing in crypto could be challenging especially the Fear of Missing out Lambo. This mostly affect traders trading strategy and ideology. Predicting the right time to buy is always cumbersome and that is why many analyst advise DCA because it curtails FOMO and gives you a long-term crypto trading mentality. In crypto Dollar Cost Averaging involves investing the same amount of money in a target token at regular intervals over a certain period of time, regardless of price. This will help to control volatility on your portfolios and minimize FOMO For example when you decide to invest $100 on a token and invest $10 daily or weekly or monthly till you fulfilled you $100 target investment on the token irrespective of the price of the token. This strategy helps a crypto trader to build his portfolio over the long term thereby he/she is not bothered by short-term volatility in the broader markets. This strategy mostly favours low-budget traders in building a strong portfolio but the problem most normally encounter is exchange minimum trading amount. One analyst advised on how to mitigate this was to accumulate on exchange that has lower trading fees and later send to where you desire to hold. He also noted that some of this exchanges are good in listing good projects for you to be among the early birds. Do you think DCA is the best method to accumulate token and which exchange offers the lowest tradeable balance and trading fees? -
DXY now wait for confirmation or rejection -
By XTRAVAGANZA · Posted
Messi has written his name in the sands of time. I dare say he is immortal, he has challenged and excelled all limits to the point he is now the new limit. This partnership is GOATED cos it has brought more exposure for the exchange considering MESSI's popularity.
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Question
YinkaIGDemo
Why is IGMT4 pip values and profit and loss not the same.
I understand how the calculation is made but not why. My understanding of FX trading is that since I do not physically own the assets, I cannot understand why my profit and loss the pip values is not the same as REAL actual profit and loss, for example, pip value of +10, account value of +£7.12 for EURUSD TRADE.
I have tried to change this on new MT4 download by choosing fx gbp in the new setup, but the problem persists.
This is made worse when I looked at the "fees" involved; 12%-13% on margin/spread or 24%-26% roundtrip. Converting from sterling to USD is about 30% loss. Therefore I am penalised by about 50% on each Opened and Closed trade.
Yet IG advertises that no commission and low spreads.
I would be grateful for an answer please before I start Live trading.
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