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Showing content with the highest reputation on 23/07/18 in all areas

  1. 1 point
    Fixed at 21:50 23-Jul ... again from API Companion: "rolloverDetails": null, "newsCode": ".FTSE", "chartCode": "UKX", "country": "GB", "valueOfOnePip": null, "onePipMeans": null, "contractSize": null, "specialInfo": ["MAX KNOCK OUT LEVEL DISTANCE", "DEFAULT KNOCK OUT LEVEL DISTANCE"] }, "dealingRules": { "minStepDistance": { "unit": "POINTS", "value": 5.0 }, "minDealSize": { "unit": "POINTS", "value": 0.5 }, "minControlledRiskStopDistance": { "unit": "POINTS", "value": 8.0 }, "minNormalStopOrLimitDistance": { "unit": "POINTS", "value": 8.0 }, "maxStopOrLimitDistance": { "unit": "PERCENTAGE", "value": 75.0 }, "marketOrderPreference": "AVAILABLE_DEFAULT_OFF", "trailingStopsPreference": "AVAILABLE" },
  2. 1 point
    I don’t know the word for it but I wanted to start a thread about books which are routed in fact but they have a better flow for reading, kind of like ‘flash boys’ but Michael Lewis which is the most well known I would imagine. Which interesting finance and trading related books have you read and would recommend? Maybe they don’t need to ALL be specifically like that but any trading books you find interesting. I am currently reading Dark Pool by Scott Patterson and it’s very very interesting. I would recommend reading or getting from Amazon or the library if you can. Paperback is a few quid and it’s an interesting read. All about how these matching engines started and pooled liquidity away from the main exchanges. It gives you a good understanding of the “plumbing” behind it all. Also makes more sense when looking at the market. I’m the sort of person who would like to read as much around a topic as possible and I think it makes you a better well rounded trader to understand the back end too. Has anyone else got some books to recommend please?
  3. 1 point
    I like the concept of that review Casey as it looks like it explains the CORE concept of technical analysis. I’m always a fan of the why, rather than the how, and if I believe the why then I trust myself to figure out the how... for example WHY support and resistance works, rather than just how to use it. Why movingaverageswork rather than how etc etc.
  4. 1 point
    I mentioned this book in another thread so have added it here along with a book review by MoneyWeek magazine. Crowd Money by Eoin Treacy. https://moneyweek.com/book-review-crowd-money/ I've not read it yet myself but the concepts are intriguing.
  5. 1 point
    @Caseynotes I have a horrible feeling you're right. Thanks for the cheering thought! Thanks for the clarification @JamesIG. One last question. When you say shares will all go to 20%, what happens to the more exotic ones that are already higher than that? Do they stay as they are, or will they increase even more? For example I have some Petropavlovsk and they are currently 25%. Thanks! Cate
  6. 1 point
    Just to conclude on the topics - James must be one of the stars at IG. Thanks a lot for clarification.
  7. 1 point
    Hi @Kazeko - I believe you would have been looking at this around 11am? At this time it's likely that the market is very illiquid and the spreads are quite wide - this is entirely due to the underlying market as the IG spread are a fixed percentage. As you get closer to the market opening 'main session' (as stated by senor) the spreads in the underlying would get narrower as the order book starts to fill with orders. Put simply, the spread was wide at that point because no one was willing to sell to you at a price lower than that. https://www.ig.com/uk/shares/out-of-hours-shares When it comes to orders, you would only be filled if a sufficient numbers of shares trade at those specific levels in the underlying market.
  8. 1 point
    Maybe that's what it was then. As far as I was aware, my internet connection was okay and when I checked the IG status page (https://status.ig.com), all systems showed as operational. I've not seen the message since and my charts seem live today. If it happens again I'll update this thread.
  9. 1 point
    Hi @cate - Please note these changes only affect retail clients of EU firms (that are subject to ESMA regulation), and do not apply to professional clients. ESMA have not considered AUD as a major currency, the ESMA majors are USD, EUR, JPY, GBP, CAD AND CHF. There are a few differences between the official ESMA definition of majors and what we currently have on the platform, however we are looking to review this. The email is therefore correct and AUD crosses will be at 5%. When the email was sent the floor was 7.5% for shares, however we had to take that away (reverting back to the 5%), before we go live with the ESMA minimum. The minimum will be 20% as laid out in the email. In regards to other FX, margin requirements have changed slightly from when the email was sent, however the proposed margin percentages as laid out in that email are correct for the proposed dates (as below). Apologies for any confusion.
  10. 1 point
    Don't worry @cate, by this time next week all these problems today will seem like the good times. #ESMA countdown.
  11. 1 point
    HI @Kazeko & senor, I did see that the spread had come way down just 15 minutes after the original post, the yellow font is a sign but I don't know what it means, whatever it signifies it didn't apply to amazon or apple at the time. They all have a green dot though.
  12. 1 point
    Just When You Think Trade Wars Can’t Grow More Extreme… The last we left global trade wars heading into the close Friday July 13th (the week before last), the situation was already firmly planted in worrying escalation with little sign of relief in the sidelines of diplomacy and political cheerleading. The United States was still applying its metals tariffs against competitors and colleagues alike, the $34 billion intellectual property oriented tariffs were in place against China (not to mention China’s retaliation upon the US), and threats of a massive escalation by the Trump administration to the tune of $200 billion in import duties on China and a 20 percent tax on all imported European autos was still hanging in the air. It would seem near-impossible to inflame the situation further than that. And yet, they have found a way. Looking to truly turn the screws in the face of retaliatory threats by China and WTO complaints, the US President warned Friday (and his Treasury Secretary echoed Saturday at the G20 meeting) that they could introduce tax on all of China’s imports – amounting to more than $500 billion. Normally, we would assume these are mere threats meant to prompt compromise out of shock, but this has been a threat issued and executed upon too frequently. While this just seems a self-defeating game of chicken where all participants suffer economically, there is certainly a strategy to this effort. There are hints of Eco Adviser Kudlow and National Security Adviser Bolton in this effort; but it should be said that regardless of what their intent may be, the outcome is likely to hasten an inevitable turn in the global economy and financial markets – whether they relent last minute or not. Ahead, there are two important meetings scheduled for trade talks: President Trump is due to meet the EU’s Juncker and Malmstrom Wednesday while the US Trade Representative is set to talk trade with the Mexican Economy Minister on Thursday. Good luck to us all. Watch my weekend Trade Video to see more in this topic. Is President Trump’s Dollar, Euro and Yuan Comments Pretense to a Currency War? This past Thursday, President Trump sent the Dollar reeling after he weighed in on the path of higher rates and the level of the Dollar. With a background in real estate (and thereby debt financing), he lamented the Fed’s gradual pace of monetary policy tightening amid the trade wars his administration had pressed and the growing debt financing the country was facing – again increased with the recent tax cuts. He said the rates and currency rise that followed made other efforts the government was pursuing more difficult and ultimately made the US uncompetitive. The White House later moved to clarify that the President was not questioning the Fed’s independence or competence, but he would take to Twitter to double down on his remarks Friday. A perception that the Dollar is low and claims that the Yuan and Euro are being lowered by their respective policy authorities looks suspiciously like pretext for starting a currency war. When it comes to the Chinese currency, there is little doubt that policy officials have a hand in its performance; but that is more and more likely a measure to dampen volatility rather than wholesale steer. Officials pointed to the rapid drop in the Yuan these past few months as evidence, but wouldn’t such a move arise if the trade war were having the intended effect? In fact China has shown over the past few years that too sharp a decline in the local currency was reason enough to step in and bid the CNH so as to curb fear of a capital flight. As for the Euro, there is little ground in their claims of manipulation now as monetary policy efforts have disconnected from exchange rate movement – though had they made this accusation back in 2014, I would have agreed. Whether this claim is just rising out of the blue or indicates a strategy, it should truly concern us. Currency wars do not end well for anyone, they are more likely to trigger a fast-tracked financial crisis and it can be yet another systemic risk that sees the Dollar permanently lose status as the world’s dominant currency long term. Evaluating How the ECB Rate Decision and US GDP Will Hit the Markets It is clear that the week ahead will find its market winds determined by themes (trade wars, currency wars and perhaps even systemic risk trends). However, there are high profile events scheduled that will certainly carry important fundamental weight for the big picture evaluation – even if they don’t trigger the same definitive direction and short-term volatility that have in the past. That said, fundamentals must be evaluated as a hierarchy: the most pressing theme to the largest swath of the market will more decisively define the market’s bearings (whether higher, lower or sideways). This in mind, two particular events should be watched closely whether they overcome the gravity of trade wars or not. Thursday’s ECB rate decision is very important. Over the previous meetings, there has been heavy speculation that the central bank is heading into an eventual and inevitable turn from its extremely dovish policy path with rhetoric clearly setting the stage. Speculation around this eventual hike has led to remarkable lift for the Euro even when the anticipation for the first move was 12 to 18 months ahead (as was the case throughout 2017). Yet, recent developments will make this policy gathering even more important. Will the central bank take into consideration the accusations by President Trump that it is fostering exchange rate manipulation? Will concern over trade wars’ curbing economic and financial health show through? As for the US GDP reading on Friday, we will see the general health of the world’s largest economy as trade wars started to go into effect and the tax cuts hit full stride. A weak showing here could add considerable fear to the already existing concern that retaliations to tariffs could tip the US economy into correction and reinforce reports that the tax cuts had little effect on US consumption through the middle and lower class American households. Context will definitely paint these events, but that doesn’t diminish their relevance at all.
  13. 1 point
    I don't want to be left out! Added to my Amazon basket as well
  14. 1 point
    I really enjoyed this too. has made me want to buy an old ticker tape machine for the house too!
  15. 1 point
    Hi, 9 pm for Forex, see the screenshot below.
  16. 1 point
    Thought the below was really interesting and I’d recommend taking the time to watch. Think it shows brad in a very good light and I do believe what he has been doing for the last few years has been in the interest of a fairer market. William O'Brien who was the BATS Global Markets Presidents at the time comes off very poorly. This was filled back in 2014 and I’d love to see a recent interview with all three again to see what has happened and if anyone thinks differently. The youtube comments are are hilariously accurate and very similar which shows that this basic thought of mine above seems to be shared. "Notice how composed Brad and Michael are, while William O'Brien is so quick to interrupt, make accusations, and panicky remarks. It's clear he's back into a corner and he's spewing anything he can to get out." "FYI, Will O'Brien was fired 4 months after this interview." "I think the analogy of what happens to an animal when it's cornered by a predator, flailing and thrashing wildly in a last ditch effort to survive, applies perfectly to O'Brien in this segment. Michael and Brad have him cornered, and he's doing his best to thrash his way out of it by misdirection combined with fast, loud, and loaded arguments. This is just the beginning."
  17. 1 point
    Hi @s&p, there has been no word from IG on lowering bet size minimum on the IG spread betting platform in view of the imminent ESMA regulations. Currently mini contracts (10th size minimum) are available only on the CFD platform and the IG MT4 spread betting platform. Of course if a UK client switches to CFD they lose the tax exempt status that spread betting provides. It's highly likely many will move to the MT4 platform which I can recommend, especially with the IG special apps download (free). Check your markets first, the MT4 platform does not list shares and has limited commodities and metals though does cover most FX and indices.
  18. 0 points
    The more I look at all this the more confusing it is. I've been using the "info" tab on the platform to check what the current leverage is, but it can't be right. CAD/JPY claims to require .75% and EUR/JPY claims to need .5% but actually a mini contract in each requires about £44 - they aren't different. Oh and NZDUSD and NZDJPY are also different from what the emails says they are - both currently require 0.75% but they are minor pairs and so according to the email should be at 1% at the moment. I'm baffled...
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