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JamesIG

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Hi  

 

ABB Ltd actually has a few listings: Stockholm, Switzerland, and New York. The NY listing is an ADR which I believe you are looking at. This stands for 'American Depository Receipt' and is a way to allow investment in overseas companies from within the States, and consequentially quoted in USD. 

 

The rejection could have been for a number of reason. Market opening hours is the most likely, and it's worth nothing that you can only trade 14.30 to 21.00 UK time. It could also require you to sign a W8BEN if you haven't already. You can find this on a desktop computer or laptop in My IG > Settings > Dealing US Stock. 

 

Let me know if I can help further, but it may be worth calling the helpdesk to look into your account directly. Unfortunately I wouldn't be able to discuss that with you on the open Community forum. 

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  • 2 weeks later...

Hi,

 

This is my first post to the IG Community.

After 20 years in the pharmaceutical sector, I have decided to branch out and learn trading to at least get some pocket money.

 

I have invested in shares for many years and also enjoy betting on sport.

 

I have started my trading on the major indices and cryptocurrency. I may add individual shares and commodities in due course.

 

My decisions are based on technical analysis whilst being mindful of any fundamental backdrop.

 

Hopefully the IG Community will enhance my knowledge and give me trading ideas; I may even have ideas of my own once I become more established.

 

Best Wishes, Steve

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Hey Steve 

 

nice to have another person join the forum. When you say 'learn trading' how do you distinguish this from investing in shares, which you say you have been doing for many years? are you referring to indicies and currencies maybe?

 

In respect of shares then, do you focus on the Pharmaceutical sector? for example GSK looks quite appealing right now. Do you have any views on GSK?

 

I hope to come across some of your posts and wish you well on here, and in your trading!

 

 

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Thanks for your reply, Rimmy.

 

In response to your first question, up until very recently, I was investing in shares based on fundamentals and gut feel(!) and holding them for long periods of time; I also invest in funds. What I mean by 'trading' is short term buying and selling of indices based on technical analysis. This is what I am trying to learn.

 

As far as shares are concerned, I tend to leave the Pharma sector alone - it is such a struggle for traditional big Pharma - due to generic competition and huge financial and regulatory barriers for new drugs. 

 

The shares I invest in tend to be a bit more racy - oil, commodities and new disruptive tech; I balance this out by investing in funds too.

 

Thanks for your interest, Steve

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Hi, I am relatively new to trading and have dabbled a bit in shares and ETF's while starting my educational journey in terms of trading. I have decided to take it more serious now and will be focusing on CFD's and FX. I have been studying Technical Analysis techniques and the more I learn, the more I realize how little I know. However, I am quite excited to be part of this community and to learn from other member's experiences going forward. I am specifically interested in trading systems that work for the different vehicles of trading, and also would like to learn more about the fundamentals impacting on trades.

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Well Hello all from Australia

 

I am very very new to trading of any sort and whilst i am an accountant, this provides me with ZERO advantage at all.  Just to get my head around the Platforms and terminology is a struggle which only time will help I think.  If I may, I have a couple of opening questions about the platform

 

1.It says I can set up different TIME ZONEs on a chart.  How can I do this and I understand the time zones of the world but how could I do this to help me trade?

2. What is not a Guaranteed stop.  Why the difference - what I mean, if you put a Stop Loss on a trade, why would thge trade not stop at that point.  Why would someone pay for a guaranteed Stop

Any other functional tips, that is I am way too  inexperienced to even understand any trading tips.  More along with how to find the best info about the platform etc would be greatly recieved.  I have looked at a couple of you tube videos but nothing too in depth.  Is there a "manual" that explains all of the features and functions of the trading platform .  Thanks for reading and I hope to be a regular on this forum and help others when I can.  cheers

 
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Hi ,  welcome, Which platform are you using? IG's new/old, MT4, or ProRealTime? Currently only the PRT platform time zone can be changed. See the video below for changing PRT time zones.

 

 

See here for the different types of stops.

https://www.ig.com/uk/trading-opportunities/2018/02/20/types-of-order-42279

 

Sometimes price may move in jumps rather than glide though all levels at times of high volatility and may actually jump over your normal stop level (called slippage), a normal stop will close the trade at the next quoted price away from your stop. You might want to pay extra to guarantee your chosen level, especially in highly volatile markets or at specific high volatility times such as planned data releases.

 

And don't forget to check the IG Academy for educational material on trading and platforms,

https://www.ig.com/uk/learn-to-trade/ig-academy

 

Hope this helps.

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Wow..Thank you ever so much Caseynotes.  I an using just the "normal" platform and did not know of any other but that is not important now with my elementary level of experience.  What an awesome response about the Stop Loss...thankyou.  Yes, I just downloaded the IG Academy app today so again..thanks.  I hope to hear from you again down the track.  Have a good day.

darren

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  • 2 weeks later...

Hi all, I joined IG Markets over 7 years ago to trade in FX. It took a few years to find my way and understand how FX works as my background was in sharing trading/investing. I have basically been trading full time now for over 5 years. 

From my experiences both technical and fundamental analysis work well together for FX trading.

I am looking forward to seeing what other FX traders are thinking and sharing ideas with the community.

 

Cheers

Glen

NZ 

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  • 1 month later...

Hi to the IG Community,

 

Have been with IG for over 10 years, but not trading seriously.  With local real inflation running at 6+% and more out of pocket expenses due to weak service delivery by municipalities (town councils the equivalent in the UK?) and provincial governments, my trading  has risen sharply on my priority list.

 

Trading mainly the DAX and FT100 indices and on occasion one of the major currencies.  Working on extending my swing trading time frame to between one and two weeks.  Despite ESMA I am also preparing for share CFD trading with tight risk management.  Most of my trading is based on technical analysis.  I am also using MT4 for multi-timeframe analysis.

 

Trust to learn from the IG community now that the new platform set-up is available and then some more on share CFD trading.

 

All the best with your trading efforts.

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  • 1 month later...
  • 2 weeks later...

Hi all,

 

I've been buying and selling shares on IG for a few years to slowly ease myself into trading.

 

Being risk adverse I've avoided the spread betting account and buy the shares directly, experimenting in event driven trading and trend following.

 

Having had some success and learnt an expensive lesson or two (having a plan is only helpful if you stick to it!), I've caught the bug and want develop my trading further.

 

This forum seems like a great tool to help me do that so I will hopefully get to talk to you all in the weeks and months ahead.

 

Happy trading,

 

Phil

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Welcome  and others who have recently joined. As with all thing new there is generally a learning curve, but if you have any questions or want to discuss the markets at all, please just chat away. There's no such thing as a silly question! 

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  • 4 weeks later...

Hi,

 

Recently opened a demo trading account to try and get a feel for the platform and try out some trading ideas before risking real money.

I have a question about orders being rejected but I'll put that in another thread unless this is the place to do it?

 

Cheers

Stu

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  • 2 months later...

Hello, new community user here.

Signed up after receiving a rather good, new (to me anyway) insIGht email that had a section about the community.  I've been with IG about 3 years & mostly hold FTSE 350 shares in an ISA.  A core of steady value / dividend shares & investment trusts.

I've also got a small spread betting account I'd like to make more use of if I can find a reliably profitable way of trading it.  I've mostly been scalping EUR/USD or GBP/USD up to now, with increasingly steady results but still working on getting it more reliably profitable over time.

I'm also interested in looking into trading UK shares shorter term than my portfolio holdings using the spread betting account.  Weeks - month(s) probably, although as I'll probably be looking at trend-following I'd be perfectly happy for it to turn out to be longer than that!

 

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  • 2 weeks later...

New to this community and excited to learn from others new ideas about share trading and risk management strategies.

CFD trading involves a lot more risk than regular share trading.

Be cautious about free newsletters, free online reports revealing hot tips, future trends and specific industries / counters which are expected to boom in the near future.

Algorithmic trading (when dominant) and coupled with price volatility create unhealthy market conditions for the individual investors who make up the majority. 

Edited by melc18
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  • 3 weeks later...

Just joined this community, was active on the IG Labs forum but that community is not very active now...

Looking to continue building software interfacing with the IG API. I have built several Excel Add-ins and applications for semi-automated trading. Currently working on a new Excel Add-in to stream live IG prices into a spreadsheet.

Looking forward to seeing how others are using the IG platform and get some new software ideas.

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