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  1. Hey Guys, I’m glad to announce the new community point of contact members @ArvinIG, @JakubIGand myself @MongiIG. With our vast experience and knowledge of financial services we have been moved to manage the community. It will be great to hear any feedback you have for IG and we will be happy to push these ideas to our developers. Do make sure if you need anything answered to, do not hesitate to contact us and we will respond as soon as possible. Thanks, IG Community Team 😊
    4 points
  2. Indonesia overtakes India as Asia's new Covid-19 epicenter. Becoming one of the highest in the world with daily Covid cases. Indonesia reported 54,517 new cases of Covid-19, authorities said Wednesday, a single-day national record and dire warning sign for the world's fourth-most populous country. For more on this news article click this link here, CNN By Masrur Jamaluddin and Joshua Berlinger, CNN. 16th July 2021.
    3 points
  3. I had the same question a while ago which I asked IG about and got the same answer as what @JakubIG said. And I can say from experience that it is what happens. Trades in your ISA account and ordinary share dealing account both count towards your monthly and quarterly trading figures.
    2 points
  4. WHAT IS THE NUMBER ONE MISTAKE TRADERS MAKE? Big financial market volatility and growing access for the average person have made active trading very popular, but the influx of new traders has met with mixed success. There are certain patterns which may separate profitable traders from those who ultimately lose money. And indeed, there is one particular mistake that in our experience gets repeated time and time again. What is the single most important mistake that led to traders losing money? Here is a hint – it has to do with how we as humans relate to winning and losing Our own human psychology makes it difficult to navigate financial markets, which are filled with uncertainty and risk, and as a result the most common mistakes traders make have to do with poor risk management strategies. Traders are often correct on the direction of a market, but where the problem lies is in how much profit is made when they are right versus how much they lose when wrong. Bottom line, traders tend to make less on winning trades than they lose on losing trades. Before discussing how to solve this problem, it is a good idea to gain a better understanding of why traders tend to make this mistake in the first place. A SIMPLE WAGER – UNDERSTANDING DECISION MAKING VIA WINNING AND LOSING We as humans have natural and sometimes illogical tendencies which cloud our decision-making. We will draw on simple yet profound insight which earned a Noble Prize in Economics to illustrate this common shortfall. But first a thought experiment: What if I offered you a simple wager based on the classic flip of a coin? Assume it is a fair coin which is equally likely to show “Heads” or “Tails”, and I ask you to guess the result of a single flip. If you guess correctly, you win $1,000. Guess incorrectly, and you receive nothing. But to make things interesting, I give you Choice B—a sure $400 gain. Which would you choose? EXPECTED RETURN Choice A 50% chance of $1000 & 50% chance of $0 $500 Choice B $400 $400 From a logical perspective, Choice A makes the most sense mathematically as you can expect to make $500 and thus maximize profit. Choice B isn’t wrong per se. With zero risk of loss you could not be faulted for accepting a smaller gain. And it goes without saying you stand the risk of making no profit whatsoever via Choice A—in effect losing the $400 offered in Choice B. It should then come as little surprise that similar experiments show most will choose “B”. When it comes to gains, we most often become risk averse and take the certain gain. But what of potential losses? Consider a different approach to the thought experiment. Using the same coin, I offer you equal likelihood of a $1,000 loss and $0 in Choice A. Choice B is a certain $400 loss. Which would you choose? EXPECTED RETURN Choice A 50% chance of -$1000 & 50% chance of $0 -$500 Choice B -$400 -$400 In this instance, Choice B minimizes losses and thus is the logical choice. And yet similar experiments have shown that most would choose “A”. When it comes to losses, we become ‘risk seeking’. Most avoid risk when it comes to gains yet actively seek risk if it means avoiding a loss. A hypothetical coin flip exercise is hardly something to lose sleep over, but this natural human behavior and cognitive dissonance is clearly problematic if it extends to real-life decision making. And, it is indeed this dynamic which helps to explain one of the most common mistakes in trading. Losses hurt psychologically far more than gains give pleasure. Daniel Kahneman and Amos Tversky published what has been called a “seminal paper in behavioral economics” which showed that humans most often made irrational decisions when faced with potential gains and losses. Their work wasn’t specific to trading but has clear implications for our studies. The core concept was simple yet profound: most people make economic decisions not on expected utility but on their attitudes towards winning and losing. It was simply understood that a rational person would make decisions purely based on maximizing gains and minimizing losses, yet this is not the case; and this same inconsistency is seen in the real world with traders… We ultimately aim to turn a profit in our trades; but to do so, we must force ourselves to work past our natural emotions and act rationally in our trading decisions. If the ultimate goal were to maximize profits and minimize losses, a $500 gain would completely offset a $500 loss. This relationship is not linear, however; the illustration below gives us an approximate look at how most might rank their “Pleasure” and “Pain” derived from gains and losses. PROSPECT THEORY: LOSSES TYPICALLY HURT FAR MORE THAN GAINS GIVE PLEASURE Figure 3. Licensed under CC BY-SA 3.0 via Wikimedia Commons The negative feeling experienced from a $500 loss can be substantially more than the positive feeling experienced from a $500 gain, and experiencing both would leave most feeling worse despite causing no monetary loss. In practice, we need to find a way to straighten that utility curve—treat equivalent gains and losses as offsetting and thus become purely rational decision-makers. This is nonetheless far easier said than done. Figure 4. Licensed under CC BY-SA 3.0 via Wikimedia Commons A HIGH WIN PERCENTAGE SHOULD NOT BE THE PRIMARY GOAL Your primary goal should be to find trades which give you an edge and present an asymmetrical risk profile. This means your primary objective should be to achieve a robust “Risk/Reward” (R/R) ratio, which is simply the ratio of how much you have at risk versus how much you gain. Let’s say you are right about 50% of the time, a reasonable expectation. Your gains and losses need to have at least a 1:1 risk/reward ratio if you stand to at least break even. To tilt the math in your favor, a trader making money on roughly 50% of his/her trades needs to aim for a higher unit of reward versus risk, say 1.5:1 or even 2:1 or greater. Too many traders get hung up on trying to achieve a high win percentage, which is understandable when you think about the research we looked at earlier regarding loss aversion. And, in your own experiences you almost certainly recognize the fact that you don’t like losing. But from a logical standpoint, it isn’t realistic to expect to be right all the time. Losing is just part of the process, a fact that as a trader you must get comfortable with. It is more realistic and beneficial to achieve a 45% win rate with a 2:1 R/R ratio, than it is to be right on 65% of your trade ideas, but with only a 1:2 risk/reward profile. In the short run the gratification of “winning” more often may make you feel good, but over time not netting any gains will lead to frustration. And a frustrated mind will almost certainly lead to more mistakes. The following table illustrates the math well. Over the course of a 20 trade sample, you can see clearly how a favorable risk/reward profile coupled with more losers than winners can be more productive than an unfavorable risk/reward profile coupled with a much greater number of winners. The trader making money on 45% of trades with a 2:1 R:R profile comes out ahead, while the trader with the 65% win rate, but making only half as much on winners versus losers, comes out at a slight net-loss. Who would you rather be? The trader who ends up positive 7 units but loses more often than they win, or the one who ends up slightly negative but gets the gratification of “being right” more often. The choice appears to be easy. USE STOPS AND LIMITS – GOOD MONEY MANAGEMENT Humans aren’t machines, and working against our natural biases requires effort. Once you have a trading plan that uses a proper reward/risk ratio, the next challenge is to stick to the plan. Remember, it is natural for humans to want to hold on to losses and take profits early, but it makes for bad trading. We must overcome this natural tendency and remove our emotions from trading. A great way to do this is to set up your trade with Stop-Loss and Limit orders from the beginning. But don’t set them for the sake of setting them to achieve a specific ratio. You will want to still use your analysis to determine where the most logical prices are to place your stops and limit orders. Many traders use technical analysis, which allows them to identify points on the charts that may invalidate (trigger your stop-loss) or validate your trade (trigger the limit order). Determining your exit points ahead of time will help ensure you pursue the proper reward/risk ratio (1:1 or higher) from the outset. Once you set them, don’t touch them. (One exception: you can move your stop in your favor to lock in profits as the market moves in your favour.) There will inevitably be times a trade moves against you, triggers your stop loss, and yet ultimately the market reverses in the direction of the trade you were just stopped out of. This can be a frustrating experience, but you have to remember this is a numbers game. Expecting a losing trade to turn in your favor every time exposes you to additional losses, perhaps catastrophic if large enough. To argue against stop losses because they force you to lose is very much self-defeating—this is their very purpose. Managing your risk in this way is a part of what many traders call “money management”. It is one thing to be on the right side of the market, but practicing poor money management makes it significantly more difficult to ultimately turn a profit. GAME PLAN: TYING IT ALL TOGETHER Trade with stops and limits set to a reward/risk ratio of 1:1, and preferably higher Whenever you place a trade, make sure that you use a stop-loss order. Always make sure that your profit target is at least as far away from your entry price as your stop-loss is, and again, as we stated previously, you should ideally aim for an even larger risk/reward ratio. Then you can choose the market direction correctly only half the time and still net a positive return in your account. The actual distance you place your stops and limits will depend on the conditions in the market at the time, such as the volatility, and where you see support and resistance. You can apply the same reward/risk ratio to any trade. If you have a stop level 40 points away from entry, you should have a profit target 40 points or more away to achieve at least a 1:1 R/R ratio. If you have a stop level 500 points away, your profit target should be at least 500 points away. To summarize, get comfortable with the fact that losing is part of trading, set stop-losses and limits to define your risk ahead of time, and aim to achieve proper risk/reward ratios when planning out trades. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. Article by Paul Robinson (Strategist), 19 July 2021. DailyFX
    2 points
  5. Hi all @Navarone @Phrilly @nmase88 @Tcs106 @ShareRover , First of all I would like to apologize for the incorrect ETA on the above. UK update: The statements team and Head of Share Dealing has confirmed that the statements are expected to be released before the end of next week however there is an expectation that this will be done earlier this week. The reason for the delay is that we are ultimating the due checks in order to make sure that the released data is correct. If an error is found, this delays the process. As I mentioned earlier there is a high expectation that all the CTC will be released by the end of the next week which means that they might be released also this week. AU update: The financial year has just ended in Australia. I will post an update in the following days in regards to your CTC. I hope this helps and once again I would like to apologize for the misleading info. There is a project in order to speed up the whole process and from the next year this will be improved. Thanks, Jakub
    2 points
  6. Rather than posting a randomised chart you could just have posted it in chronological order, or would that not fit your narrative?
    2 points
  7. Hello, The stop market order is not available on stocks which are bought/sold through RSP quotes (Market Maker stocks). All the stocks you have mentioned are Market Maker stocks and they don't support Stop market orders. Before making purchases, you can always check in the deal ticket if the market order on Exchange is available. If that's not the case (as in the example below) you won't be able to use Stop Market orders. I hope this helps!
    2 points
  8. I remember the BBC reporting in front of world trade building 7 saying it had collapsed when it was clearly still standing and then hours later it "suddenly" collapsed - Sept 11th 2001 David Icke did a great publication on that "terrorist attack" which lead to UK/USA forces invading Iraq and afghanistan, along with implementing onerous checks at all airports since - 20 years later we still haven't had another plane hijacked and crashed into anything, probably because if it had it would prove that aviation fuel can't melt steel structural joists, or bring a building down in a vertical fashion as per a controlled explosion I'm yet to be convinced on Covid, but it absolutely fits in with the totalitarian tiptoe Icke says is happening and fits in being an absolute valid reason to vaccinate the entire globe
    2 points
  9. Yeah I can see that - from experience if the 50% level is going to work it'll go through in 1-3 attempts at most which means you can afford a tight stop, but you can use the swing low point, whatever suits you
    1 point
  10. I would only trade one of them if they are similar and you might have to think about doubling up on risk so risking 4% instead of 2 etc - say you trade 2 separate markets each 2% risk and both lost, you lose 4% if they both move similar then to cut down on work/analysis etc its fine to risk 4% on just your preferred market
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  11. Given 3 of the top 5 largest US stocks reported at close some volatility is a given no doubt
    1 point
  12. This thread was pulsating read knowing in hindsight what was going to happen. I would not have survived it.
    1 point
  13. Hi @BFERRY, We apologies for the wait. I have been informed that they will be released this week. Thank you - Arvin
    1 point
  14. Hi, thank you for you reply. I thought I came back here to asnwer my own question shortly after i posted it. Somehow 'P' brought it all back. It's something I've experienced a few times over 2.5 years but never actually realised that pressing 'P' removes them. Clearly my mistake. Thanks again.
    1 point
  15. Hi, it's downloaded and launched from the Autochartist web site where you will find IG as one of the participating brokers, follow instructions from there.
    1 point
  16. I went into history and then transaction details and found the original consideration price in USD and put that in as the book cost. Looks the same as before now.
    1 point
  17. Yeah well that's a far off pipe dream for me and most probably looking at the statistics, just trying to do better than index tracking investment at this stage, so far its paying off. Couldn't ever see me having the ability, confidence, constitution or whatever is needed to give up the day job for this.
    1 point
  18. hi , think i found the answer. the IG live link does not load when i use VPN. using VPN this morning and IG live not loading, switch off VPN and IG live loads ok. rgds
    1 point
  19. Hey @petertrotter, Unfortunately we don't offer Smart Portfolios for people living in Australia, only share trading for non leveraged accounts: https://www.ig.com/au/share-trading However, I will pass this on as feedback to our development team to see if we can add this account type for Australia in the future. All the best and apologies for the inconvenience.
    1 point
  20. Brilliant!!! Thanks Arvin, it's really helped me out.
    1 point
  21. LONDON (Reuters) - Seven in 10 institutional investors expect to invest in or buy digital assets in the future, although price volatility is the main barrier for new entrants, a study by Fidelity's cryptocurrency business found. More than half of the 1,100 institutional investors surveyed globally by Coalition Greenwich on behalf of Fidelity Digital Assets between December and April said they had digital asset investments. Around 90% of those interested in investing in future said they expected their company's or their clients' portfolios to include digital asset investments within the next five years, the research found. This included direct cryptocurrency investments or exposure through stocks of cryptocurrency companies or other investment products. Those surveyed included high net worth investors, family offices, digital and traditional hedge funds, financial advisors and endowments. Launched in 2018, Fidelity Digital Assets is the cryptocurrency business of Boston-based Fidelity Investments and offers institutional investors custody and execution services for assets such as bitcoin. The company was one of the first mainstream financial services providers to embrace cryptocurrencies, which increasingly have attracted established financial institutions. TP ICAP (LON:NXGN) the world's biggest inter-dealer broker, late last month said it was launching a cryptocurrency trading platform with Fidelity and Standard Chartered (LON:STAN)'s digital assets custody unit. Despite the mainstream interest, cryptocurrency prices and trading volumes have slumped. Bitcoin has fallen around 50% since its high in April. The firms surveyed cited price volatility as the biggest obstacle for new investors, followed by the lack of fundamentals needed to assess value and concerns around market manipulation. In a survey last month JPMorgan Chase & Co (NYSE:JPM), found only 10% of institutional investment firms trade cryptocurrencies, with nearly half labeling the emerging asset class as "rat poison" or predicting it would be a temporary fad. By Anna Irrera, 20 July 2021. Investing.com
    1 point
  22. Hi @Kiren, I have reach out to the IT department. They advised that there's not gonna be any changes on your MT4 if you are using a VPS it will be the same latency. I hope that it helps. All the best - Arvin
    1 point
  23. Hi @kyleOOO, For assistance or update on your account application, please reach out to accountopening.en@ig.com. They will be able to advise what happened with your documents and what is required to complete the application. All the best - Arvin
    1 point
  24. It's the daily PDF, I had IG set it up so that they send a copy to my private email and the sharesight email address for imports.
    1 point
  25. Just to update the situation in India and the Indian (Delta) variant, deaths numbers collapsed after govt intervention and distribution of Ivermectin. Only 16% of the population were vaxxed at the time.
    1 point
  26. That's above everyone's pay grade - funds/ETF's have to meet FCA approval to be allowed to hold within a tax efficient wrapper/vehicle - to avoid people buying into unregulated Investment houses and funds which then "suddenly" cease trading taking everyones cash with them, other factors are used but its really to safe guard investors investments
    1 point
  27. just to help try and clarify, the prices on the IG welcome page are IG's cash prices so is same in the 2 side by side pics. The cash and the futures are 2 separate markets, cash is designed for short duration hold and the futures for longer term and so both have different spreads and therefore different prices. The ASX exchange price (the underlying market IG derives it's futures price on) can be found on the ASX exchange web site but remember you can't trade directly on the exchange, you need to go through a broker who will add their spread so the prices between the exchange and the broker will be different. hope this helps.
    1 point
  28. Hi @andrewthompson, According to the latest update I have the it seems that they will be released next week. Thanks - Arvin
    1 point
  29. Bank of America shares dropped after posting second-quarter revenue below analysts’ expectations. BAC down 2.3% after earnings disappointment. Earnings: $1.03 a share, including a one-time $2 billion tax benefit. It wasn’t immediately clear how that figure is comparable to the 77 cents estimate of analysts surveyed by Refinitiv. Revenue: $21.6 billion, just under the $21.8 billion estimate. 14th July, 2021. News from CNBC
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  30. i'm one of "those types" too.. thinking there are "absolutes" in trading is dangerous.. a lot of hedge funds thought there was absolutely no way a rapidly-sinking dinosaur like Gamestop would hit even $20 - never mind $60... a few weeks later it was $350.. I didn't read a word of your original posts btw - nothing personal, i just don't consume trade ideas at all, anywhere.
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  31. Probably also affected by seeing friends and family dying or suffering from long Covid. Seeing a pandemic sweeping across the world and killing millions doesn't help with my anxiety, regardless of any advertising campaign. Maybe because Britain is looking like a laughing stock to the rest of the world as it gears up to open up while cases and variants run rampant?
    1 point
  32. Hi @ArvinIG Thank you for your breakdown and information. I really appreciate it!!
    1 point
  33. Hi Jakub, yes that's a quick way to find an EPIC, thanks.. So, it looks like the only way for me to get a feature similar to "filter by stock index" in the API is to manually create a watchlist for each index.. That way, I can query my "Wall Street" watchlist from the API to see all quotes.. That's a shame because this will be time-consuming but better than nothing!
    1 point
  34. I have the same issue and have emailed IG about this. Still haven’t heard back. This is a bit concerning now!
    1 point
  35. Does anyone know when IG will release EOY statement with above ? Thanks
    1 point
  36. Don't worry about it. I've decided not to bother. If something so basic needs a question I don't really want to carry with it.
    1 point
  37. US DOLLAR PRICE OUTLOOK: ALL EYES ON NONFARM PAYROLLS REPORT Broad-based US Dollar strength is propelling the DXY Index to 12-week highs ahead of NFPs US Dollar bulls are flexing their muscles due to the threat that FOMC officials may taper QE Nonfarm payrolls might need to top 845K to catalyze a sustained breakout by the US Dollar MAIN TALKING POINTS Non-Farm Payrolls (NFP) releases create volatility in the forex market. NFP measures net changes in employment jobs. Forex traders use an economic calendar to prepare for NFP releases. NFP releases generally cause large movements in the forex market. The NFP data is normally released on the first Friday of every month at 1:30PM (UK Time). News from DailyFX
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  38. Trading Forex at the News Release Trading forex news releases requires a tremendous amount of composure, preparation and a well-defined strategy. Without these qualities, traders can easily get swept up in all the excitement of a fast-moving market to their detriment. This article provides useful strategies on how to trade forex news during a major news release. FOREX NEWS TRADING STRATEGIES There are two common strategies for trading forex at the news release: Initial Spike Fade strategy News Straddle strategy Each one provides a robust plan for traders to follow, depending on the market environment observed at the time of the release, and how best to approach that particular market. Before reading further it is essential that you have a good grasp on the basics of news trading. If you are new to trading or simply require a refresher, take a look at our introduction on how to trade forex news. 1. Initial Spike Fade Strategy This strategy looks to capitalize on an overreaction in the market over the short term by fading the initial move. This strategy suits reversal traders, scalpers and day traders due to fast moving and erratic pricing that often follows a major news release. Overreactions and subsequent reversals are seen fairly regularly in the forex market as large institutions add to the increased volatility of the initial move. The market as a whole, often spikes as an overreaction and subsequently push price back toward pre-release levels. Once the market calms down and spreads return to normal, the reversal often gains momentum showing early signs of a potential new trend. The shortfall associated with this strategy is that the initial spike may turn out to be the start of a prolonged move in the direction of the initial spike. This underscores the importance of using well-defined stops to limit downside risk and get you out of a bad trade quickly. How to implement initial spike fade strategy: Select the relevant currency pair: Ensure the major news event corresponds to the desired currency pair to trade, i.e. Non-Farm Payrolls will affect USD crosses. Switch to a five-minute chart: After selecting the desired market, switch to a 5-minute chart just before the news release. Observe the close of the first five-minute candle: The first five-minute candle is usually quite large. When price approaches either the spike high or the spike low, fade the move by trading in the opposite direction. Stops and limits: Stops can be placed 15 pips above the high for a short trade or 15 pips below the low for a long trade. Targets can be set at two or three times the distance of the stop. 2. News Straddle Strategy The news straddle strategy is perfect for traders expecting a huge surge in volatility but are unsure of the direction. This strategy lends its name from a typical straddle strategy in the world of options trading as it uses the same core strategy – to capitalize on an increase in volatility when direction is uncertain. The disadvantage of the news straddle approach surfaces when price breaks support or resistance only to reverse soon thereafter. Similarly, price can trigger the entry order and move toward your target only to reverse until a stop it hit. This strategy can be implemented using the following steps: Establish a range with support and resistance. Set two orders to open: Set a working order/ entry order to open a long trade if price breaks above resistance and one to go short if price trades below support. Remove remaining order after confirming direction: The market has the potential to breakout of the range and once this happens, the one entry order will be triggered, and a trade will be opened. Immediately remove the entry order that was not triggered. Stops and limits: A tight stop can be placed at the recent range low when going long and recent high when going short. Limits can be placed in line with a positive risk to reward ratio. TRADING THE NEWS DURING THE RELEASE: CONCLUSION Trading forex news at the news release has the potential to overwhelm traders with increased volatility in a short period of time. However, through the adoption of a solid strategy, traders can approach these volatile periods with greater confidence and mitigate risk of a runaway market through the use of guaranteed stops (where available). Article by Richard Snow, Markets Writer 2 July 2021. DailyFX
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  39. The suits are already rubbing their hands in anticipation, it will doubtless all be the fault of those selfish, ignorant people who haven't had the jab. Yet more coal for their pyre.
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  40. SENTIMENT INDICATORS: USING IG CLIENT SENTIMENT The IG Client Sentiment (IGCS) is unique, proprietary and potentially helpful to traders. The article will outline the following illustrative points: What is IG Client Sentiment (IGCS)? Sentiment Indicators IGCS as a Leading Indicator IGCS as a Technical Indicator: Summary WHAT IS IG CLIENT SENTIMENT (IGCS)? IG Client Sentiment (IGCS) is a tool that traders can use in conjunction with a broader technical and/or fundamental strategy. IGCS incorporates retail trader positioning (long and short) to formulate a sentiment bias. This is represented in percentage form (see image below) which aids traders in identifying market imbalances which could lead to possible opportunities. IGCS on EUR/USD: SENTIMENT INDICATORS Sentiment indicators are few and far between. The two most well-known are open interest in options, which largely applies to stocks, and the Commitment of Traders Report (CoT). What sets IGCS apart is the large sample size of retail traders which deliver more usable data in terms of indicator readings, multiple market data sets (FX, equities commodities) and timely updates for these markets which are refreshed several times daily. IGCS AS A LEADING INDICATOR The use of IGCS as a technical indicator can allow traders to confirm or refute signals produced by their wider trading strategy. Both fundamental and other technical techniques are used to gauge trends, ranges, potential reversals etc. so incorporating IGCS provides another layer of data to help verify a hypothesis. IGCS can be considered as a leading indicator as it uses past and current data to project possible future price movements however, as IGCS (retail) covers only one component of the market equation, traders should not rely solely on the IGCS tool for trading decisions. Simply put, retail traders contribute only a certain percentage of market input so naturally other factors will have influence on the respective market. For example, the EUR/USD chart below shows the projectible nature that can occur with IGCS. The highlighted are on the chart exhibits an increase in net short positions from retail traders which coincided with a rise in price action (EUR appreciation) on the price chart itself. IGCS EUR/USD: IGCS AS A TECHNICAL INDICATOR: SUMMARY We have shown how sentiment/IGCS can be a unique, proprietary and potentially helpful addition to a trader’s approach. In subsequent IGCS articles in this market sentiment sub-module, we will go through the implementation and flexibility of this tool in varying trading circumstances. 1 July 2021 Warren Venketas, Markets Writer Source: DailyFX
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  41. From farce to insanity to pure evil. THEY will not stop. STOP TESTING ASYMPTOMATIC PEOPLE A positive test is meaningless. Asymptomatic means healthy. WHO recommends against random PCR testing of asymptomatic people Recommendations for national SARS-CoV-2 testing strategies and diagnostic capacities (who.int) YOU DO NOT NEED ANNUAL JABS FOR A DISEASE WHEN IMMUNITY IS ALREADY AT 86%+ Sajid Javid @sajidjavid 'Our vaccine rollout is saving lives and protecting our country. I welcome today’s interim advice from the JCVI. We are planning for a vaccine booster campaign to start in September which will help keep the virus at bay.' Big Pharma wants mandatory yearly injections for everyone forever. A lot of people are making a lot of money and don't want that to stop. (Govt 'The Health Protection Regulations' lowers the official est IFR gets closer to reality, 1.7% down to 0.5%) SAGE IS THE ENEMY Professor Stephen Reicher is doing the interview rounds to say that we can't rely on the vaccine, as part of coordinated SAGE lobbying for permanent masks & distancing. The June 3rd wave SAGE models were completely wrong - again, time for a fresh batch? "Research shows that 53% of girls and 44% of boys aged 13 to 18 were found to be suffering from trauma or PTSD in the months after the first lockdown. 60% of boys and 50% of girls of the same age were classed as suffering from anxiety." Lockdowns leave half of teenagers battling anxiety and trauma (telegraph.co.uk) 👏👏👏👏👏👏👏👏👏 .
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  43. Commission fees apply to both sells and buys. I was under the impression that the commission on Australian shares was 0.1% with a minimum of $10 rather than a flat fee - at least that's what is claimed on their charges page
    1 point
  44. Knowing how to control emotions while trading can prove to be the difference between success and failure. Your mental state has a significant impact on the decisions you make, particularly if you are new to trading, and keeping a calm demeanor is important for consistent trading. In this piece, we explore the importance of day trading psychology, for both beginner and more experienced traders, and give some pointers on how to trade without emotions. THE IMPORTANCE OF CONTROLLING EMOTIONS WHILE TRADING The importance of day trading emotional control cannot be overstated. Imagine you’ve just taken a trade ahead of Non-Farm Payrolls (NFP) with the expectation that if the reported number is higher than forecasts, you will see the price of EUR/USD increase quickly, enabling you to make a hefty short-term profit. NFP comes, and just as you had hoped, the number beats forecasts. But for some reason, price goes down! You think back to all the analysis you had done, all the reasons that EUR/USD should be going up – and the more you think, the further price falls. As you see the red stacking up on your losing position, emotions begin to take over – this is the ‘Fight or Flight’ instinct. This impulse can often prevent us from accomplishing our goals and, for traders, this issue can be very problematic, leading to knee-jerk reactions. Professional traders don’t want to take the chance that a rash decision will damage their account – they want to make sure that one knee-jerk reaction doesn’t ruin their entire career. It can take a lot of practice, and many trades, to learn how to minimize emotional trading. THE 3 MOST COMMON EMOTIONS TRADERS EXPERIENCE Some of the most common emotions traders experience include fear, nervousness, conviction, excitement, greed and overconfidence. Fear/Nervousness A common cause of fear is trading too big. Trading with improper size magnifies volatility unnecessarily and causes you to make mistakes you normally wouldn’t make if you weren’t under the stress of risking larger losses than normal. Another culprit for fear (or nervousness) is you are in the ‘wrong’ trade, meaning one that doesn’t fit your trading plan. Conviction/Excitement Conviction and excitement are key emotions you’ll want to feed off, and you should feel these in every trade you enter. Conviction is the final piece of any good trade, and if you don’t have a level of excitement or conviction then there is a good chance you are not in the ‘right’ trade for you. By ‘right’ we mean the correct trade according to your trading plan. Good trades can be losers just as bad trades can be winners. The idea is to keep yourself winning and losing on only good trades. Making sure you have conviction on a trade will help ensure this. Greed/Overconfidence If you find yourself only wanting to take trades that you deem as possible big winners, you could be getting greedy. Your greed may have been the result of doing well, but if you aren’t careful you may slip and end up in a drawdown. Always check that you are using proper trade mechanics (i.e. sticking to stops, targets, good risk/management, good trade set-ups). Sloppy trading as a result of overconfidence can end a strong run. Learn more about managing greed and fear while trading. DAILYFX ANALYST NICK CAWLEY ON LOSING DISCIPLINE Nick Cawley has more than 20 years’ experience in the markets and trades a variety of fixed-income products. "My worst trades - and there have been a few of them - have all been when my best laid plans are thrown out of the window when I lose discipline. ‘I didn’t use correct set-ups and stops; I thought I was ’better’ than the market; I doubled up when I was losing and lost more, and I put more money into my trading account to chase my losses. ‘I lost control of my emotions and traded when I should have looked without any emotion at my position and cut them and moved on. Easy to say, difficult to do, but a must for any trader who is looking for long-term success." HOW TO CONTROL EMOTIONS WHILE TRADING: TOP TIPS AND STRATEGIES Planning out your approach is key if you want to keep negative emotions out of your trading. The old adage ‘Failing to plan is planning to fail,’ can really hold true in financial markets. As traders, there isn’t just one way of being profitable. There are many strategies and approaches that can help traders accomplish their goals. But whatever is going to work for that person is often going to be a defined and systematic approach; rather than one based on ‘hunches.’ Here are five ways to feel more in control of your emotions while trading. 1. Create Personal Rules Setting your own rules to follow when you trade can help you control your emotions. Your rules might include setting risk/reward tolerance levels for entering and exiting trades, through profit targets and/or stop losses. 2. Trade the Right Market Conditions Staying away from market conditions which aren’t ideal is also prudent. Not trading when you aren’t ‘feeling it’ is a good idea. Don’t look to the market to make you feel better; if you aren’t up to trading the simple solution may just be to step away. 3. Lower Your Trade Size One of the easiest ways to decrease the emotional effect of your trades is to lower your trade size. Here’s an example. Imagine a trader opens an account with $10,000. Our trader first places a trade for a $10,000 lot on EUR/USD. As the trade moves at $1 a pip, the trader sees moderate fluctuations in the account. An amount of $320 was put up for margin, and our trader watches their usable margin of $9,680 fluctuate by $1 per pip. Now imagine that same trader places a trade for $300,000 in the same currency pair. Now our trader has to put up $9,600 for margin – leaving them with only $400 in usable margin – and now the trade is moving at $30 per pip. After the trade moves against our trader only 14 pips, the usable margin is exhausted, and the trade is closed automatically as a margin call. The trader is forced to take a loss; they don’t even have the chance of seeing price come back and pull the trade into profitable territory. In this case, the new trader has simply put themselves in a position in which the odds of success were simply not in their favor. Lowering the leverage can greatly help diminish the risk of such events happening in the future. 4. Establish a Trading Plan and Trading Journal In terms of fundamental factors, planning for various outcomes in the runup to key news events may also be a strategy to bear in mind. The results between new traders using a trading plan, and those who don’t can be substantial. Compiling a trading plan is the first step to attack the emotions of trading, but unfortunately the trading plan will not completely obviate the effects of these emotions. Keeping forex trading journals may also be helpful. 5. Relax! If you're relaxed and enjoy your trading, you will be better equipped to respond rationally in all market conditions. Jun 28, 2021 4:00 AM +02:00Ben Lobel, Markets Writer
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  45. In early March 2020 the UK govt (along with many other western countries) threw out the WHO pandemic action plan which it had helped create and on the spot created a new one discussing social distancing, school closures, rapid COVID testing and vaccine development. Every single source the UK Government cites is from China. It never seemed to occur to anyone that, just like all the videos of people collapsing dead in the street, how much of it was deliberate misinformation. Coronavirus action plan: a guide to what you can expect across the UK - GOV.UK (www.gov.uk) Matt Ridley @mattwridley 47m Vital genomic information from wuhan university that may exonerate the huanan seafood market was deliberately deleted, it seems. Bloom Lab @jbloom_lab In a new study, I identify and recover a deleted set of #SARSCoV2 sequences that provide additional information about viruses from the early Wuhan outbreak: Recovery of deleted deep sequencing data sheds more light on the early Wuhan SARS-CoV-2 epidemic | bioRxiv
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  46. If you were looking for answers to the title they're on the MyIG page: If you have any other questions please comment on this forum and @ me
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  47. Here's a catchy tune to have in your head while you 'just buy the fekking dip'. Push it!
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  48. no, uk government regs only allow isa funds to be held in £ ......this doesn’t apply to a general investment acct ...(but of course you then lose tge tax free benefits of an isa!)
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  49. how can i get an eofy statement for australia tax purpose?
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  50. I trade on the ASX via the IG share trading platform (Not CFDs) and have my daily statements sent via email to Sharesight, this pulls all my trading data and all I have to do come tax time is select generate tax report. Pretty simple.
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