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10/06/21 10:53
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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, 29 March 23, Cardano /U.S.dollar(ADAUSD) ADAUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave III Direction Next higher Degrees: wave (I) of Impulse Wave Cancel invalid Level: 0.045 Details: Wave II is likely to end at the level of 0.055 and a five-wave rise from this level will confirm it. Cardano /U.S.dollar(ADAUSD)Trading Strategy: Cardano has recovered well and we expect wave ((2)) to end at the level of 0.2977. Five waves of rise from this point and the price can break the MA200 line will support this idea. where the price is likely to trade above the level of 0.5787. Cardano /U.S.dollar(ADAUSD)Technical Indicators: The price is Below the MA200 indicating a DownTrend. The wave oscillators above Zero-Line momentum are Bullish. TradingLounge Analyst: Kittiampon Somboonsod, CEWA Elliott Wave Analysis TradingLounge 4H Chart, 29 March 2023, Cardano /U.S.dollar(ADAUSD) Tuesday 29 March 23 ADAUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave III of Impulse Wave Cancel invalid Level: 0.045 Details: Wave II is likely to end at the level of 0.05688 and a five-wave rise from this level will confirm it. Cardano /U.S.dollar(ADAUSD)Trading Strategy: Cardano has recovered well and we expect wave ((2)) to end at the level of 0.2977. Five waves of rise from this point and the price can break the MA200 line will support this idea. where the price is likely to trade above the level of 0.450. Cardano /U.S.dollar(ADAUSD)Technical Indicators: The price is above the MA200 indicating an UpTrend. The wave oscillators above Zero-Line momentum are Bullish.
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Question
Guest steve
Very new to this, so apologies if the question seems daft. I have completed CFD trading and Spread Bet trading on a demo account and just wanted to confirm that "imaginary" IG commission fees are taken out of the demo £10,000.00 accounts? So after all trades/positions are closed, what evers left in the equity is mine? I can see the difference in Funds when I trade CFDs (where a commission fee would be, roughly £12 on a US stock) but nothing when I make a Spread bet trade. Am I right in thinking IG fees have already been taken from the initial spread and is (in a way) visible when the trade is live ,in the +/-profit loss section of a position? If so is there anything else left to pay when the trade is finished?
Also, I'm aware of an inactivity fee over a set period on a live account, but is there any other fees over the year I would have to pay? In short, if I was just to place Spread bets with you frequently throughout the year, ( 5-6 times a week), would I a have to pay any other fees?
Thanks
Steve
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