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10/06/21 10:53
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Posts
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By Maxicreed01 · Posted
That's a wise call and it's important to also confirm that the exchange of your chosen should be in compliance and perhaps licensed in your country. -
By Captainsaudi · Posted
Investing in crypto could be challenging especially the Fear of Missing out Lambo. This mostly affect traders trading strategy and ideology. Predicting the right time to buy is always cumbersome and that is why many analyst advise DCA because it curtails FOMO and gives you a long-term crypto trading mentality. In crypto Dollar Cost Averaging involves investing the same amount of money in a target token at regular intervals over a certain period of time, regardless of price. This will help to control volatility on your portfolios and minimize FOMO For example when you decide to invest $100 on a token and invest $10 daily or weekly or monthly till you fulfilled you $100 target investment on the token irrespective of the price of the token. This strategy helps a crypto trader to build his portfolio over the long term thereby he/she is not bothered by short-term volatility in the broader markets. This strategy mostly favours low-budget traders in building a strong portfolio but the problem most normally encounter is exchange minimum trading amount. One analyst advised on how to mitigate this was to accumulate on exchange that has lower trading fees and later send to where you desire to hold. He also noted that some of this exchanges are good in listing good projects for you to be among the early birds. Do you think DCA is the best method to accumulate token and which exchange offers the lowest tradeable balance and trading fees? -
DXY now wait for confirmation or rejection
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Question
Guest Deanog
Hi,
Can you please give me the explanation to why IG will only let me do Closing Only trades on Tic: Bloc. Blockchain Worldwide.
Seems other Brokers will still let you trade this.
I contacted the PR an asked what is going on and this is the reply I got.
The Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation came into force on 1 January 2018, having been delayed for a year. The basic point of it is to require ‘manufacturers’ of PRIIPs to provide retail investors with an easily digestible level of information about the investment product in a uniform manner (in a Key Information Document). Broadly, the Regulation is directed at retail investment products such as retail funds as well as retail structured products and structured deposits, insurance products and life insurance products that hold an investment element. There’s a specific exemption from the Regulation for corporate shares (i.e. shares in our clients) directly held by the investor – i.e. shares like Blockchain.
We have raised the issue with the Company but it seems that the online brokers need to be the ones educated in this matter.
Hope this helps.
Best regards,
Looking forward to reading why IG will not let me trade this.
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