Jump to content

Margin advice


Recommended Posts

Hi, I am new to trading forex & the IG demo platform.

When I place a trade risking only £10 I need a margin of £3300 ish. Is this due to leverage? If so can leverage be removed on the demo account?

Also is there a good website I can look at for trade platforms for beginners. All I get when I search is things like What is Forex trading etc. I want to learn everything about the platform and why sometimes a trade goes past my limit by 3 candles but does not end the trade with a profit but then as soon as it gets near the stop loss closes out straight away...lol

Cheers
Matt

Link to comment

Hi @Matjoss

Thanks for reaching out, 

By the sounds of it your trade size was GBP10 per point. That means you make GBP10 for each point movement in your favour or lose GBP10 for each point movement against you. Yes the demo uses leverage, hence the margin that was set aside for the trade. We do not offer non-leverage demo's. However we do have live share dealing/ ISA accounts without leverage. See details here: https://www.ig.com/uk/investments/share-dealing

Have a look at our IG Academy, it is useful when you just stating out. 

All the best, 

Anda

Link to comment
  • 7 months later...

Yes, leverage is to blame. On a demo account, you can change the leverage depending on what you are trading. For example, the leverage for Forex can be changed from 1:1 up to 1:200. If you want to learn more about the platform, IG has a lot of ways to do so, such as webinars and trading courses. Check out their website or online help center to find them. You can also read articles and watch videos that other traders who have used the IG platform have made.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,059
    • Total Posts
      95,467
    • Total Members
      43,679
    • Most Online
      7,522
      10/06/21 20:53

    Newest Member
    Alastair
    Joined 03/10/23 10:07
  • Posts

    • Commodities Market Trading Report - Technical Analysis is Elliott Wave and Trading Strategies Content: US Bond Yields, USD, DXY, US Gold XAU, GDX, Silver XAG, Gold Stocks, Iron Ore, Copper, Uranium, Crude Oil, Natural Gas. Commodities Market Summary: While the USD continues higher, gold and silver will continue to be lower. Copper will continue lower, while Uranium is in a bullish Wave (iv) corrective pattern. Crude Oil is creating five waves down from the high and Natural Gas still hasn’t given a buy signal. Video Chapters 00:00  TLT Bonds. US Gov Bonds 10/5 Yr Yields 07:19 US Dollar Index, DXY 12:02 Precious Metals: Spot Gold  / US Spot Silver / XGD 27:37 Base Metals: XME ETF, Iron Ore, Copper. Uranium URA. 33:35 Energy: XLE ETF / Crude Oil / Natural Gas  41:40 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com  Access Trial here  
    • I have recently researched cryptocurrency exchange tokens with good potential that would be a profitable investment for the upcoming bull market. This is what I found so far. 1. Binance's token BNB, BNB is the biggest exchange token and has done well over the years. However, its performance this year has not been great and it currently trades at over $200. 2. OKX's token, OKB, is trading at over $40 and has performed very well in 2023. It may be a good addition to our portfolio for the upcoming bull market. 3. Bitget's token, BGB. The BGB daily chart looks fascinating and it currently trades around $0.40. Based on the exchange's growth in 2023, BGB seems to be the most promising exchange token I have researched. I will continue to research other exchange tokens, but for now, I would like to know your thoughts on these tokens.
    • If you have been into cryptocurrency over the time, you'd have noticed it has faced a lot of ups and downs, from several crackdowns to adoptions, ranging from China's ban, to El Salvador's adoption, including Tesla's adoption and others, and it looks as though in an ever developing world of technology, adoption seems to be the resolution for advancing companies and now we have another adoption, Honda Motor Co. Honda Motor Co., a well-known Japanese automaker, has made a surprising decision to accept digital assets as payment for its goods. By collaborating with the blockchain payment platform FCF Pay, Honda now makes it possible for clients to lease or buy their cars and power equipment using different cryptocurrencies, including XRP and the most popular doge token, Shiba Inu (SHIB). This partnership increases the possibilities accessible to customers who may now purchase Honda's cars, motorbikes, and power equipment using digital currencies like Bitcoin (BTC), Ether (ETH), Binance Coin (BNB), Polkadot (DOT), and other well-known cryptocurrencies in addition to XRP and Shiba Inu (SHIB) rather than conventional cash. The unique feature of Honda's offering is that it accepts a variety of more uncommon meme-inspired coins, such as Pepe Coin (PEPE), Floki Inu (FLOKI), Bone ShibaSwap (BONE), and Doge Killer (LEASH). Connecting the dots of various happenings in the crypto space and sudden adoption by various companies and even some economies, where do you see cryptocurrency in the coming years and what steps are you taking in preparation for it?
×
×
  • Create New...
us