Jump to content

lots and exponential moving average


Recommended Posts

Hi guys.

 

I'm a beginner trader so forgive me if these are stupid questions.

 

Firstly, I have learnt that when trading currencies you trade with lots (micro lots, nano lots etc) with leverage but when I go on IG it just gives me the option to trade with the currency units i.e one pound or one dollar, Is this just how it is on IG or is there a way to change this, and how do I trade with leverage?

Secondly for some reason I don´t have the exponential moving average as an indicator, I even can see the indicator is available when I watch a youtube video that teaches you how to use IG but when I open my own chart and look at the indicators it´s not there, how can I access this indicator?

 

Thanks

 

Link to comment
20 hours ago, Gavmister said:

Hi guys.

 

I'm a beginner trader so forgive me if these are stupid questions.

 

Firstly, I have learnt that when trading currencies you trade with lots (micro lots, nano lots etc) with leverage but when I go on IG it just gives me the option to trade with the currency units i.e one pound or one dollar, Is this just how it is on IG or is there a way to change this, and how do I trade with leverage?

Secondly for some reason I don´t have the exponential moving average as an indicator, I even can see the indicator is available when I watch a youtube video that teaches you how to use IG but when I open my own chart and look at the indicators it´s not there, how can I access this indicator?

 

Thanks

 

Hi @Gavmister

Thank you for reaching out. 

It depends on the type of account.  CFDs are traded in standardised contracts, sometimes called lots. The sizes of these contracts differ depending on the asset, often mimicking how that asset is traded in the underlying markets. You can find more information on the deal ticket under the Market Info tab. 

image.png

 

We do offer the exponential  moving average on the platform. What type of account are you trading on? 

Thanks, OfentseIG

Link to comment

Hello!

So I think i have figured out how to see the EMA, when i click the MOTHER indicator i can see different EMAs, Why is called something different?

I'm using a demo account for the time being, is the available leverage different on a demo account?

So I can see in your photo it says contract size per point is 10,000 GBP, what does that mean exactly?

Thanks.

Link to comment
4 hours ago, Gavmister said:

Hello!

So I think i have figured out how to see the EMA, when i click the MOTHER indicator i can see different EMAs, Why is called something different?

I'm using a demo account for the time being, is the available leverage different on a demo account?

So I can see in your photo it says contract size per point is 10,000 GBP, what does that mean exactly?

Thanks.

Hi @Gavmister

This is how it comes up on the Live account and all platforms then you would have the option to select EMA 20 50 100. For your second question, if you are trading GBP/USD for example, then you are trading Exposure of 100,000 of first currency (GBP), denominated in second currency (USD)
Value of 1 point = $10 which is the second name currency. This is for standard contracts. Same rule applies for mini contracts. image.png

 

Thanks, OfentseIG

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 10:53

    Newest Member
    Alastair
    Joined 02/10/23 23:07
  • 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