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Posts
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By parvashasan · Posted
Ready to Fight represents the first real attempt at bringing the global boxing community of over 50 million athletes, promoters, trainers, managers, and diehard fans into the world of decentralized social media and finance (SocialFi). It was founded by none other than heavyweight boxing superstar Oleksandr Usyk and blockchain entrepreneur Sergey Lapin. The native RTF token acts as the lifeblood of this intricately designed web3 social network. Stake RTF to access premium content and services. Use it to directly sponsor fighters you support or pay trainers for their time. Spend RTF on limited-edition boxing gear or merchandise drops. Thanks to the RTF listing on Bitget, crypto enthusiasts and boxing fans alike can now invest in and drive the rapidly expanding ecosystem. The low initial circulating supply and market cap suggests a massive upside for this first-of-its-kind SocialFi platform serving the boxing world. -
By CryptoSaint · Posted
Pepe Coin's surge, driven by significant whale accumulation, has propelled it to the third-largest meme coin position. With strategic buying, the investor has already seen substantial profits, sparking bullish sentiment in the broader meme coin sector. -
Rallies in FTSE 100, DAX 40 and Dow have further to go Outlook on FTSE 100, DAX 40 and Dow as investors pile back in to global stock markets. Source: Getty Images Written by: Axel Rudolph FSTA | Senior Financial Analyst, London Publication date: Wednesday 24 April 2024 13:48 FTSE 100 hits yet another record high A weaker pound sterling and foreign investor buying of the undervalued UK blue chip index propelled the FTSE 100 to a record high on Monday. The pound sterling bouncing back following hawkish comments by BoE chief economist Huw Pill has not put a spanner in the works with the FTSE 100 hitting yet another record high and remaining on track for its fourth straight day of gains. Minor support sits between the early-to-mid-April highs at 8,046 to 8,017. Medium-term the 161.8% Fibonacci extension of the March-to-June 2020 advance, projected higher from the October 2020 low, around the 8300 mark represents a possible upside target. Source: ProRealTime DAX 40 regains lost ground The DAX 40’s strong rally off last week’s 17,400 low has gained traction and is trying to overcome last week’s high at 18,195. If overcome on a daily chart closing basis, the 8 April high at 18,329 will be in focus, together with the 4 April high at 18,429. Minor support can be spotted around the 5 April low at 18,085 and around the psychological 18,000 level. Source: ProRealTime Dow sees strong three straight day rally Since last week the Dow Jones Industrial Average regained lost ground and has risen by around 3% with the 55-day simple moving average (SMA) at 38,783 representing the next upside target, together with the 10 April high at 39,029. Potential slips may find support around the 38,452 March low and further down, around the late February 38,336 low. Source: ProRealTime
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Question
Guest geldrausch
If I understand the email from today correctly, in some cases 100% margin of a trading position are needed.
A lot of traders that I know that are using CFDs or spreadbetting use it for the trading aspect of their portfolio, while long term strategies like holding stocks are performed in other accounts.
That is how I do it and that is why I mostly do not diversify trades on IG.
Lets say I would like to trade Bitcoin via IG.
Lets make a simple example:
Bitcoin is at 10000 US$
I would like to trade 1 unit (Euro or BP...), that means that under the new ESMA rule I have to put down a 50% margin in that case equivalent of 5000 US$.
Should that be my only position in the account, then the position would be automatically be closed at a loss of 50% of the account, which would occur at Bitcoin at 7500 US$ although the (guaranteed) stop is not reached and enough money is on the account.
To really only be executed at a 50% stop, would mean to increase the balance of the account to 10000 US$ meaning that I trade effectively at a leverage of 1 instead of the maximum 2.
That applies for any trader that is only holding a single position.
Are there any plans of IG to counter that "problem" as in for example offering "virtual loans"
Especially for cryptocurrencies I else do not see the point in using IG (or any CFD/spreadbetting company within Europe) compared to directly buying the coins if, in the end, a 100% margin is needed anyway.
Any input or correcting my possibly wrong way of understanding the ESMA rules is appreciated.
Best regards
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