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10/06/21 10:53
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Posts
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Charting the Markets - February 6, 2023 FTSE 100, DAX and S&P 500 tiptoe lower following strong US jobs report. EUR/USD and GBP/USD are topping out while EUR/GBP rallies. And gold, Brent crude, and natural gas head lower, as payrolls strengthen the dollar. This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
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Natural gas has been in a consistent downtrend over recent months, and Joshua Mahony expects to see this decline continue. Josh therefore favours a short position, with a stop-loss at 2630 and target of 2232. He also looks back at the recent EUR/USD, USD/JPY, aluminium, and USD/CAD trades. Joshua Mahony | Senior Market Analyst, London | Publication date: Monday 06 February 2023
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What do we now know about the economic outlook given the meetings this week at the Federal Reserve (Fed), Bank of England (BoE) and European Central Bank (ECB)? IGTV’s Jeremy Naylor caught up with foreign exchange analyst Richard Snow, from Daily FX, who discussed the potential continuation of the long EUR/USD trade. Jeremy Naylor | Writer, London | Publication date: Friday 03 February 2023
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Question
Guest FarisA
I am new to trading on IG and I would like to better understand the charges.
Recently I opened a CFD account (Australian) with $1000 AU. I made my first trade today and sold (short) 3 shares in Tesla @ $260 US per share. The price of the stock went down and my P&L was at around +$12 US and I closed my position.
Currently my account has $976 AU in funds (down from $1000 AU) and my P&L are shown as $0.
I know IG has a minimum comission of $15 US for US Shares. Could someone please walk me through the maths/detail of the charges and why the $12 US profit is not displayed? Also how do the charges change if I trade after hours?
Please note that I closed my position after hours (after 4pm Eastern Time). Below is a screen shot of my trades, note that the time is in Sydney (Australia) time.
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