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Investing in crypto is quite a thrilling venture if one has the right knowledge and the perseverance to handle the downside whenever they arise. Like any other industry, there are days when the going gets tough like we have been experiencing in the last couple of days. The sentencing of CZ to four months imprisonment might have also contributed to the market downturn due to his influence in the space however, the drop in price provides avenue for experienced traders to DCA and prepare ahead of market recovery. Coincidentally, there is an ongoing event on Bitget tagged "May savings carnival" where users can leverage to buy some specific tokens like USDT, BTC and ETH and earn incredible APR. This offer avails trader with prize pool of up to $1500 on their deposit if they meet the deposit requirement. Similarly, traders can subscribe to the exchange saving product and win a $500 Amazon gift cards. Personally, I feel this kind of events are geared towards giving back to the users in one form or the other as traders not only benefit from their trades but also receive cash prizes and gift which serves as a form of motivation to them. Have you won any of this cash prizes before? share your experience

This BTC dip is rough, but this BGB trade mining event sounds interesting. I'll check it out! Might be a good way to hedge against the volatility.

hi all, i am based in ireland and currently have an IG spreadbetting account. wondering if i can buy shares?? cant see any area on the platform where i can do that. thanks. cormac

Imagine using your favorite NFT across different games and metaverses! With STYLE Protocol, that dream becomes reality. This innovative protocol acts as a bridge, allowing seamless NFT and virtual asset interoperability across platforms. No more limitations! STYLE Protocol utilizes NFT sub-licensing mechanisms to break down barriers. This means your prized in-game items or NFTs can be used, rented, or even turned into 3D models for use in various metaverse environments. They're even integrating the popular Solana blockchain for faster transactions and a smoother user experience. So, if you're a game enthusiast, metaverse explorer, or NFT collector, STYLE Protocol is a game-changer. It opens doors to a truly interoperable future where your virtual assets hold value and utility across countless worlds. Are you ready to join the revolution? Dive into the STYLE Protocol website and see how your digital collection can be unleashed!

ZeroLend is shaking things up in the DeFi world with its innovative lending and borrowing platform. Built on zkSync and Manta Network, ZeroLend allows users to lend and borrow a variety of digital assets across multiple blockchains. This cross-chain functionality provides greater flexibility and opportunity for users. But ZeroLend doesn't stop there. They also boast features like account abstraction for gas-free transactions, real-world asset integration, and a strong focus on user privacy through zkStack technology. Their native token, $ZERO, plays a central role in the ecosystem, facilitating governance, staking, fee payments, and even rewarding users who contribute to the growth of the protocol. With pre-trading already underway on Bitget exchange, ZeroLend is poised to make a big splash in the DeFi space.

The cryptocurrency market has seen some adjustments recently, with BTC experiencing a sudden dip from $60k to $57k, leading to numerous liquidations. While shorting traders may be benefiting, those in long positions are facing challenges. It’s uncertain whether the market will recover or experience further declines. Considering BTC’s historical post-halving behavior and the circumstances that precede the 2024 pre-halving, especially the approval of BTC spot ETF, the market narrative has become unpredictable, prompting many traders to experience FOMO. Amidst this uncertainty, engaging in opportunities like BTC & ETH trade mining could be advantageous. Traders can earn profits regardless of liquidations, with each trader eligible to receive up to 500 BGB daily. Furthermore, this event isn’t exclusive to high-volume traders; it offers opportunities for low-volume traders as well, with rewards tied to daily trading volume. With only 20 days left in the event, seizing this opportunity can significantly increase one’s crypto holdings with minimal risk. If interested, you can join via this link https://www.bitget.com/events/trade-mining

MAJOR XAU/USD (GOLD VS US DOLLAR) UPDATE! We are 6 days away from May 7th, which is the ECM target and April has just concluded with a close ABOVE the monthly BREAKOUT LINE! This indicates that gold is READY for its commodity boom! #BUY BUY BUY Indicator (EA included): Breakout Lines MT5: https://www.mql5.com/en/market/product/97201 Breakout Lines MT4: https://www.mql5.com/en/market/product/80143

Coffee Elliott Wave Analysis Function - Counter-trend Mode - Corrective Structure - Possible Zigzag for B Position - Wave B of (Y) Direction - Wave B of (Y) is still in progress Details - Wave B is still in progress. It looks to be in the last leg for a zigzag structure. The decline could continue to 207-to-199 before returning upside for wave C. Coffee prices have embarked on a nuanced journey post the robust impulse breakout witnessed since March 19, signifying a potential completion of a significant phase. Preceding this surge, the commodity had languished within a confined sideways range for a span of three months. The ongoing descent appears poised to persist within the framework of a zigzag structure, setting the stage for an eventual upward trajectory in alignment with the broader resurgence. Delving into the daily chart reveals the unfolding of a bullish double zigzag pattern originating from 141.85 in January 2023. This intricate pattern likely constitutes the second leg of a larger corrective wave initiated back in February 2022. For analytical simplicity, our focus remains on the double zigzag structure stemming from 141.85, as depicted on the daily chart. Presently, this double zigzag is navigating through its final wave – denoted as primary degree blue wave W. Blue wave W, in turn, unfolds as a double zigzag at the intermediate degree, delineated as waves (W)-(X)-(Y). The preceding three-month consolidation period culminated in the formation of a triangle pattern, notably identified as wave (X), at the 179.35 mark. The ongoing wave Y also appears to be materializing into a double zigzag, with the current downturn representing its second leg, preceding an anticipated upward surge to finalize wave (Y) of blue Y. Zooming in on the H4 chart accentuates the present retracement, identified as wave B of (Y). This corrective wave is conceivably in the process of completing a zigzag pattern and may discover support within the Fibonacci zone spanning from 207.9 to 199.40. Consequently, a subsequent wave C is anticipated to manifest, propelling prices higher, potentially surpassing the April 18th high. However, a decisive breach beneath this support zone, coupled with a violation of the 161.8% extension level at 194.3, could herald the emergence of an impulse wave. Such a scenario could entail a more profound corrective pullback, challenging the integrity of the 179.35 low, or even signaling the culmination of wave (Y) at the April 18th peak, paving the way for a broader downturn encompassing primary degree wave Y (blue). Technical Analyst : Sanmi Adeagbo Source : Tradinglounge.com get trial here!

Hi @ROCKAPE63, Due to Labor Day, EU markets are closed today. As a result, we are pricing our indices out of hours, leading to wider spreads. All the best, AshishIG

Hi @andyaellis, Due to Labor Day, EU markets are closed today. As a result, we are pricing our indices out of hours, leading to wider spreads. All the best, AshishIG

https://www.ig.com/uk/glossary-trading-terms/negative-balance-protection I think this was a regulation unless you were a professional.

IM QUITE NEW HERE BUT WHY IS THE DAX 40 SPREAD 7 AND OT ITS NORMAL 1.4 CHEERS

Why are the spreads on the DAX and CAC four times their normal size today?

Hi @RobotStuPot, Each market will have a maximum size limit, which varies from one market to another. If you're looking to place larger trades, we suggest reaching out to our dealers by phone first to verify if the size you desire is feasible. If not, they can help facilitate larger trades from their end. All the best, AshishIG

It can be a bit overwhelming with so many options out there. When I was looking for renter's insurance, I stumbled upon Lemonade and was pleasantly surprised. They offer customizable coverage options, which is awesome for someone like you with diverse investments. Their process is super easy, all done online in minutes. But hey, don't just take my word for it, do your research. This link I found might help - https://joywallet.com/article/best-renters-insurance/. And remember, it's not just about the coverage, but also the customer service.

Key stock indices ended the day in the red on Tuesday and in after-hours trading Amazon, AMD and McDonald's had mixed results while US yields and the US dollar rose ahead of today's Federal Open Market Committee (FOMC) meeting. The main focus is on Jerome Powell's press conference and what signals he gives about future interest rate policy. The expectation is he will strike a cautious but hawkish tone on inflation, given recent economic data has challenged the Fed's soft landing scenario. On the data front are UK and US manufacturing PMIs, the US ADP's non-farm estimate, job openings, mortgage applications, EIA's inventory estimates and, of course, the FOMC monetary policy meeting at which no rate cut is expected to be announced.

AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, Australian Dollar / Japanese Yen (AUDJPY) Day Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Counter Trend MODE: impulsive as C STRUCTURE: blue wave 1 POSITION: blue wave 1 DIRECTION NEXT HIGHER DEGREES: blue wave 2 DETAILS black wave 2 completed at 104.996,now blue wave 1 of black wave C is in play . Wave Cancel invalid level:104.990 The AUD/JPY Elliott Wave Analysis for the Day Chart provides insights into the price action of the Australian Dollar against the Japanese Yen. It explores the wave structure, current positioning, and potential market movements, essential for Elliott Wave analysts and technical traders. ### Function The analysis defines the function as "Counter Trend," indicating that the current wave pattern opposes the broader market trend. This function typically consists of corrective waves or trend reversals, leading to more complex price action. ### Mode The mode is characterized as "impulsive as C," suggesting that the wave structure represents an impulsive wave within a corrective phase. This mode is generally composed of five waves, indicating a significant market move. ### Structure The structure is identified as "blue wave 1," signaling that the current phase is the beginning of a broader impulsive wave within a corrective context. This could be an initial push upward before a subsequent correction and further trend continuation. ### Position The position is described as "blue wave 1," indicating that the market is in the first wave of a new impulse sequence, suggesting that a larger trend might be forming or reversing. ### Direction for the Next Higher Degrees The expected direction for the next higher degrees is "blue wave 2," indicating that after the current impulsive wave completes, a corrective phase is likely to follow before the trend continues. This is a key point for traders looking for entry opportunities within a corrective structure. ### Details The details section provides a deeper look at the wave structure. According to the analysis, "black wave 2" completed at 104.996, with "blue wave 1" of black wave C currently in play. The "Wave Cancel invalid level" is set at 104.990, indicating that if the price crosses this threshold, the current wave structure could be invalidated, suggesting a potential shift in market dynamics. In summary, the AUD/JPY Elliott Wave Analysis for the Day Chart indicates that the market is in an impulsive phase within a counter-trend context. Black wave 2 completed at 104.996, and blue wave 1 of black wave C is in play, with a potential transition to a corrective phase (blue wave 2) expected. The Wave Cancel invalid level is set at 104.990, providing a critical level for monitoring the validity of the current wave structure. This analysis can be useful for traders and analysts seeking to understand the current market context and predict potential price movements. AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, Australian Dollar / Japanese Yen (AUDJPY) 4 Hour Chart AUDJPY Elliott Wave Technical Analysis FUNCTION: Trend MODE: corrective STRUCTURE: red wave 2 POSITION: blue wave 1 DIRECTION NEXTLOWER DEGREES: red wave 3 DETAILS red wave 1 of blue wave 1 completed at 101.393 , now red wave 2 is in play . Wave Cancel invalid level:104.966 The AUD/JPY Elliott Wave Analysis for the 4-Hour Chart provides a technical outlook on the movement of the Australian Dollar against the Japanese Yen. It highlights the wave structure, current positioning, and anticipated market direction, which is crucial for traders and analysts. ### Function The analysis defines the function as "Trend," suggesting that the current market movement follows the prevailing trend rather than opposing it. This function is often characterized by more predictable price action, with clear impulse and corrective waves. ### Mode The mode is described as "corrective," indicating that the current wave pattern represents a correction within the broader trend. Corrective waves often occur in zigzags, flats, or other complex patterns, serving as a retracement before the trend resumes. ### Structure The structure is identified as "red wave 2," signaling that the current wave is part of a larger corrective phase within the impulse sequence. This correction phase can offer buying opportunities for trend-following traders. ### Position The position is "blue wave 1," indicating that the current corrective phase is part of a larger impulse sequence within the broader trend. This position suggests that the market may soon transition from correction to impulse, providing direction for future trades. ### Direction for the Next Lower Degrees The expected direction for the next lower degrees is "red wave 3," suggesting that once the current corrective phase completes, a new impulse wave (red wave 3) will likely emerge, driving the price movement in a more significant direction. ### Details The details section sheds light on the current state of the wave structure. According to the analysis, "red wave 1 of blue wave 1" is completed at 101.393. Currently, "red wave 2" is in play, indicating that the market is in the corrective phase of an overall uptrend. The "Wave Cancel invalid level" is set at 104.966, which means that if the price crosses this level, the current wave structure could be invalidated, suggesting a shift in market dynamics. In summary, the AUD/JPY Elliott Wave Analysis for the 4-Hour Chart suggests that the market is in a corrective phase within a broader trend. Red wave 1 of blue wave 1 is complete, and red wave 2 is now in play, potentially leading to a new impulse phase. The Wave Cancel invalid level is 104.966, providing a key reference point for market invalidation. This analysis is useful for traders seeking to understand the current market context and anticipate future movements. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!

ASX: REECE LIMITED - REH Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart) Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with REECE LIMITED - REH. We have determined that wave (iv)-purple seems to have ended, and wave (v)-purple is being unfolded to push higher, towards the immediate target at around 30.00 - 31.10. ASX: REECE LIMITED - REH Elliott Wave Technical Analysis ASX: REECE LIMITED - REH 1D Chart (Semilog Scale) Analysis Function: Major trend (Minor degree, red) Mode: Motive Structure: Impulse Position: Wave (v)-purple of Wave ((v))-green of Wave 3-red Details: The short-term outlook indicates that Wave (iv)-purple has ended as expected, and wave (v)-purple is being opened to push higher. It is targeting a goal of 31.10, while maintaining a price above 25.87 is advantageous and provides significant support for this view. Invalidation point: 25.87 ASX: REECE LIMITED - REH Elliott Wave Technical Analysis TradingLounge (4- Hour Chart) ASX: REECE LIMITED - REH Elliott Wave Technical Analysis ASX: REECE LIMITED - REH 4-Hour Chart Analysis Function: Major trend (Subminuette degree, blue) Mode: Motive Structure: Impulse Position: Wave ii-blue Details: The short-term outlook suggests that wave (iv)-purple appears to have concluded, and wave (v)-purple is being initiated. It subdivides into wave i-blue, which has completed, and wave ii-blue is currently unfolding to push slightly lower. Following this, wave iii-blue is expected to resume its upward movement, targeting the immediate goal around 30.00 - 31.10. Invalidation point: 25.87 Conclusion: Our analysis, forecast of contextual trends, and short-term outlook for ASX: REECE LIMITED - REH aim to provide readers with insights into the current market trends and how to capitalize on them effectively. We offer specific price points that act as validation or invalidation signals for our wave count, enhancing the confidence in our perspective. By combining these factors, we strive to offer readers the most objective and professional perspective on market trends. Technical Analyst: Hua (Shane) Cuong, CEWA-M (Master’s Designation).

Find below the table that shows the number of days' worth of overnight funding fees you will be charged if you keep a Forex position open on a particular day. The overnight funding fee is the cost of holding a position overnight through 10 PM UK time, and it is charged at the end of each trading day. This fee is calculated based on the size of your position and the interest rate differential between the two currencies involved in the trade plus the IG admin fee. To help you manage your trading costs and make informed decisions, we have created this table that displays the number of days' worth of overnight funding fee you will be charged. This information can be used to estimate the cost of holding a position over a certain period and to decide whether to keep it open or close it before the end of the trading day. In the future, we will regularly publish this table at the start of each new month. Disclaimer: Please note that in some cases, the number of days may change due to public holidays or bank holidays. We will do our best to inform you of any changes as soon as possible, but we recommend that you keep an eye on the holiday calendar to avoid any surprises.

Commodity Market Elliott Wave Analysis for Bitcoin, TLT Bonds, US 10 Yr. Yields, USD/ DXY, Gold, Silver, Copper, Uranium, Crude Oil, Natural Gas Commodity Market Elliott Wave Analysis Update: Dollar and Yields higher and gold, silver, bitcoin, eth/usd, copper, oil, and gas lower. and we can expect this weakness to continue over the next trading sessions. We also have the Fed's meeting and the Employment figures with the lead in private employment ADP figures in the next session. Video Chapters 00:00 Bitcoin (BTC) ETH/USD, GBTC ETF 07:54 US Dollar Index, DXY / TLT Bonds. US Gov Bonds 10 Yr Yields 10:40 Precious Metals: Spot Gold XAU /GDX ETF / US Spot Silver XAG 14:54 Base Metals:Lithium, Ore, Uranium URA ETF / Copper / 18:52 Energy: Crude Oil WTI OIL / Natural Gas NG / 23:14 End Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge.com

Elliott Wave Analysis TradingLounge Daily Chart Pokadot/ U.S. dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave C Direction Next higher Degrees: wave (II) of Impulse Wave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 5.225 Pokadot/ U.S. dollar(DOTUSD)Trading Strategy: Second wave correction before rising again in the third wave with a flat pattern. The current status is a short-term pullback in wave B before falling again in wave C, so wait for the correction to complete to join the uptrend again. Pokadot/ U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an Uptrend, The Wave Oscillator is a Bullish Momentum. Elliott Wave Analysis TradingLounge H4 Chart Pokadot/ U.S. dollar(DOTUSD) DOTUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 4 Direction Next higher Degrees: wave C of Flat Wave Cancel invalid level: Details: A short-term pullback in wave 4 before falling again in wave 5. Pokadot/ U.S. dollar(DOTUSD)Trading Strategy: Second wave correction before rising again in the third wave with a flat pattern. The current status is a short-term pullback in wave B before falling again in wave C, so wait for the correction to complete to join the uptrend again. Pokadot/ U.S. dollar(DOTUSD)Technical Indicators: The price is above the MA200 indicating an uptrend, The Wave Oscillator is a Bullish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here!

A little bit retracement and then I'm in again!

Just grabbed a little bag, let's 🚀🚀

Would love to grab at retracement!

Hi guys, completely new to the site, but traded Options in the 90s for a while and trying to get back into it now on my IG demo account. Please bear with me for stupid newbie question! If I decide I want to sell Puts, which are in theory limitless with their potential loss, does the account automatically trade you out of the position if you reach the margin? or is this manual and you could end up with a negative account value that you have to then repay? Thanks guys