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Day Trading or Swing Trading with IG


Guest Heather

Question

Guest Heather

Is IG a day trading brokerage or is it usual to swing trade through IG without incurring penalties? I've heard there are penalty charges for leaving funds in a position overnight with IG.

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    • Lots of Open Source Stuff on Github, I've worked with the API for probably 10 years or so.    https://github.com/tg12
    • That is called "algorithmic trading" or "algotrading" and a wealth of books/videos is available about this subject, e.g. the /r/algotrading subreddit.
    • I recently came across a trading bot carnival on Bitget where users are encouraged to trade EIGEN, CATI, TON, and MOODENG to share from $50,000. Though this looks enticing but I was confused, is bot trading different from copy trading? He explained that both methods trade for you automatically. Specifically, copy trading lets you copy the trade of an experienced trader, whereas bot trading follows set rules or algorithms to make trades. He recommended both as great starting points for beginners like me to get a feel for the market. I recently started exploring copy trading and now I need to add bot trading along since I want to try out the carnival and if it is better I might stick to it or what do you think?
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