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Showing content with the highest reputation since 21/08/20 in Posts

  1. 6 points
    I thought i summarize my experience so far day trading in case any newer folks are interested Day trading is much harder than swing trading and especially at those lower time frames. From 100+ day trades so far I am certainly no expert and I like being honest, I am on average losing but I learnt a lot. My thoughts so far are: 1. Forget 95% of youtube, it's full of turds just trying to market courses, **** out their channel. Same with forums, no matter what topic it is (fitness, languages), a lot of people lie their asses off and pretend they are experts but in fact know jackshit about it. Even the supposedly guru's are full of sh@t. For example the guy who wrote that best seller "Trading for a living", Dr Elder. He came up with his own "impulse system" and brags about it. It just MACD and Moving average, nothing more . Aslo on their own private forum (which I was on for $60 a month) the group consistently underperform the S&P and even their best Gold start traders barely out perform it. Everytime you asked a question you got told, "buy this extra course for $100's Its the same with Anton Kreil, $15k for a course? I have no idea if he is good or not but its seems to me that it's the easiest thing in the world to prove your validity. Publish your trading accounts, get them audited by an auditor, show tax statements, do live streaming etc If I was building a business as a trainer that's what I would do. 2. Having said that there is a lot of useful information that if you look at it objectively it can be great advice. Keep a word document and write down your own points. Ignore every cherry picked chart they show you (apart from the educational content), use your own, scroll back a 500/1000 bars and then start looking at the extreme right hand bar, moving forwards bar by bar and ask yourself "ok what will I do here", you will soon find out that even if you got the direction right, spreads, commissions, trend reversed too quickly, stops etc killed it . It will paint a very different picture than what youtube baseball-wearing-cap-on-backwards hipster is telling you. 3. Day trading is a job, not a hobby and a difficult one, you need to put in the hours, research, do your homework, keep a trade journal take notes and analyze what you have done etc 4. You are essentially trying to make cash like flipping a coin over the long run with one side weighted in your favour. 5. Forget working on hunches or "I think the stock price will go up / down" You are doomed to failure. A proper system is the only way 6. Risk Management is the most important concept by far in my view. The generally advice is never risk more that 1 - 2% on a trade. I personally think that is too much . I would keep it at 0.5% max until you work what you are doing. 8 losing trades in a row at 1-2% and it starts to hurt and self doubt really creeps in. 7. Demo always seems like a good idea but in reality it never worked for me. I put on trades forget about them, have no psychological connection to wins / losses. You need to use real money, even if it's just the bare minimum to see those losing ££ . I have put on 4 trades over last few days.All 4 were up 2 x Risk but because I am a total **** I didn't cash out and all hit stops resulting in 4 losses. It was only £80 between all 4 but the fact I got greedy (yet again!) annoys me 8. If your profitable with a year you're lucky. My aim is to just break even by christmas to see if I can sustain a modest living in this. I have income from other sources anyway. 9. The reality is that its a heck of a difficult job to make money day trading., Brokers like IG, and all the others make money by continual flow of clients coming in losing cash and eventually leave, hence the large marketing. I don't blame them, it's a business model, not a hippy self help group, but just be realistic. 10. Most news, ideas is **** and pointless. I worked in investment banking on the trading floor for 15+ years. Every Monday we had to come up with a trade idea for clients , Derivatives / inflation, bonds, 90% of them were sh@t, I know I wrote them, we just had to do something. It's the same with market news, broker webinars etc, trading channels / ideas etc, the staff are tasked to do something. More noise, more videos, more website hits, more trades = more commissions / sales. 11. Don't jump around from stock to stock, to FX, to crypto. I believe if you are not making money in two or three the problem is you, not the asset. They all have their own personalities, e.g. Coca cola barely moves, Tech stocks jittery as hell, respond to news, others hardly at all, so you need to spend sufficient time on see what influences what. 12. as above, don’t jump around with different trading strategies, 200 different indicators etc. You need to limit all the moving parts and focus 13. Best way I found to improve, (so far) , For every trade, I immediately write down why I entered the trade (note 5) , for example Long MA Strategy (a) Rising 200MA (b) Rising 20MA , (c) 20MA crosses over 200MA (d) price near 20MA seems like a winner on paper but I still kept getting stopped out. Then afterwards write down what happened, e.g. after the trade exit I put screen shots of 3 time frames (daily hourly / 15min) into a PowerPoint and detailed where I went wrong. Several things became clear such as - 2min charts was pointless, you would never make the spread back - The risk / reward (1:2) was to high, a 1:1.2 would have paid off > 50% of the time . - I was fannying around with stops, for no reason. etc - I'm putting on trades because I'm retarded, e.g. long trade, on a bearish trend in larger time frame The point being, you start to learn about your technique and they way you trade which no book can possibly know. Heck it's boring but I am starting to see patterns about the way I trade (= c@ck up). The best traders I saw in banks were the OCD ones. The wannabe Burberry wearing chavs all got pushed out or sent to Starbucks to pick up the coffee The million dollar question: can you make money? At this stage, I am still undecided. I think there is light at the end of the tunnel but its going to require work, a plan and mental commitment for sure. Anyway, long post but hope it's useful for some folks (apologies for the obscenities!)
  2. 4 points
    A well defined plan will get rid of all your emotions. Trading has to become a boring job to be profitable, one that you do without getting any feelings from it, very close to what a robot would feel if it would behave like a person. If you are able to take a loss and continue like nothing happened then you are handling just numbers. If the meaning of taking a loss is no longer similar to a painful feeling you have reached a milestone. Two years ago I told every single one I met that I was getting into trading, it was so exciting that I didn't understand what I was getting into. Today I don't even talk about it with anyone, my relatives think that I stopped all together. I avoid getting into any conversation about it with anyone, very much like I would do with my IT job. No one is interested in hearing about my job, so trading has to become the same, another job. When is no longer exciting, loses don't produce pain and the only way to achieve that point is by executing a system step by step. When everything is scripted you know what is going to happen, you are expecting the result way ahead it comes, so feelings are way more reduced. There are many books on the topic but one I like is this podcast: https://www.youtube.com/watch?v=B9Z9qUTTuhA There are a couple of parts, they gathered together good advise for retail traders.
  3. 4 points
    An active mind needs to pass through all the stages including the ones we consider negative. I always like to refer to this painting when I talk about this subject. https://en.wikipedia.org/wiki/The_Sleep_of_Reason_Produces_Monsters The one that we must control is anger because produces an effect in others, normally a negative one. But the ones you have described are perfectly fine if you understand them as part of your personality. A person cannot be forever happy neither sad. We inflict guilty to ourselves when we don't reach happiness because of those never ending marketing campaigns that are forcing us to look for it. Trading magnifies the adrenaline rush of regular emotions so either the peak of the decline of what would be a normal state of mind gets magnified as well. A person can get addicted to adrenaline and create a behaviour to produce it, hence here we are on Sunday night looking at the clock counting hours to have a go again.
  4. 3 points
    Remember trading is not 100% certain - we are working on probabilities People massively misuse Indicators - If you use Indicators properly they can serve a few purposes 1 of which is that they can identify cycle tops and bottoms The BIG question is, is this cycle bottom a swing low to a continuing uptrend or a temporary swing low followed by a LOWER swing high which then goes on to form a new swing low? The answer to that NO-ONE knows - hence why you have to trade smart, to a plan and execute everything to that plan/strategy Because of all the Ifs/buts and maybes you HAVE to trade according to your outlook This could be the start of a new bear phase, or it could be simply a correction in the uptrend and continue onwards My analysis is its mixed - the highest probability is that this is just a correction though - What we need to SEE is price action over the next few days as taking out the swing low is bearish if closed below The Indicators "IF" they do a full cycle (OS up to OB zones) should see price rises - If the Indicators do that but price is flat then that is bearish the chart is the DAILY chart
  5. 3 points
    I personally don't use any technical analysis but I listened the other day to a professional trader that uses Fibonacci patterns and she claims that indicators are getting more important these days exactly because there are developers trying to code algorithms. Since coding needs an exact value to enter and exit a trade, an indicator gives them the exact values they are looking for. https://www.youtube.com/watch?v=J-9HtEg4lcY We can classify algorithms depending on the frequency they use to trade. The ones that I think are affecting the market are High Frequency Algorithms that execute trades under a second (100 to 200 ms). They get an edge simply because they are getting the price before anyone else and can act faster. Because of it exchanges are implementing something that I found really interesting, they are extending cables to slow down connections so those algorithms get to a level that is "fair" to everyone. The video below shows how they do it. https://www.youtube.com/watch?v=d8BcCLLX4N4&feature=emb_logo Those algorithms are quite advanced and need a level of computing power that is not accessible to retail traders so they are completely out of our reach and I think they should be ignored. I consider them like another player like whales or dark pools that I don't have access to and don't get any information of what they do. Then we enter in Medium or Low Frequency algorithms. Depending on who you talk to they are classified in a frequency between 1 minute and 1 day per trade. These are the ranges I use. Pretty easy to develop and schedule in a cloud server for a small amount per month. There are many tools available for free and even brokers like IG give you code samples to execute your system. Tools like Pro Real Time or Metra Trader have this kind of ability to execute automated trades. I don't think these algorithms are changing the market per se, they improve the way retail traders act just because they are executing orders without thinking about it, so emotions are completely removed from the equation but I don't think they are fast enough or have the right volume to change a market. You could say that developers have a small edge against purely manual traders but that would be true if the system that a developer is executing is properly designed and as well as being profitable doesn't fail and execute all trades perfectly. In the professional world I would agree that coding is making a big difference, you just have to see how trading floors are not that busy anymore but in the retail world I think we are just all on the same boat. For me personally what has done is to remove myself from the ability to trade. I am the reason why my trading failed so coding a system made the difference because I was able to get rid of myself to trade.
  6. 3 points
    With your 1:1.5 or 1:2 ratio you will make money over the long term (i.e. over a large enough number of trades), so you need to make sure you can withstand a run of 10 - 20 losses and still have money left to keep going. Also be aware that you will be sitting on the side lines during large trending moves, because you got out at 1.5 times your risk, so you will have the excruciating pain of sitting watching the market continuing to go in your favour for days on end after you took your profits. Even worse, there will be days upon days upon days when you are sitting watching a sideways market, and it will test your patience to the absolute limit trying not to put on a trade. No wonder a lot of people say 'f8ck this' and just put their money in an S&P 500 tracker
  7. 3 points
    I started losing massively as well and what improved my situation was the ability to follow a system. If you don't have one that is clearly a flaw to fix. We discussed in this post our loses : https://community.ig.com/forums/topic/12368-whats-your-record-for-the-most-losing-trades-in-a-row if you want to laugh, we all have been there. What went wrong for me, I: ... didn't have a plan to exit before I entered, no risk management at all. ... executed my trades manually. ... revenge-traded chasing loses. ... used indicators. What went right for me, I: ... removed completely all indicators, I entered randomly. There is no way I can justify why I entered in a trade using indicators so I removed them, I also didn't look at charts at all. ... had a clear exit point that I never changed and executed with stoicism, specially when taking loses. This came out of a risk management plan. ... automated every single trade and set my trailing limits and stops loses in a separate database. This can be done with orders trough the web interface, it was just my preference to do it. ... never read the news, specially the ones specialized about stock markets.
  8. 3 points
    People will say that patience is important in trading but it's nowhere near as important as discipline. Most people can't stick to a basic strategy for love nor money, we have to tinker, we tell ourselves these adjustments are improvements and continue on till there is no semblance to the original and then discard it and move onto the next thing having decided it doesn't work without realising we didn't actually give it a chance. Find a simple strategy with cast iron entry rules and add a fixed stop loss and profit target amount so that when the alarm goes you just hit the buy or sell and then forget it. Backtest and forward test to prove positive expectancy. If it actually works over a fair number of trades try it out live with minimum bet size. If your account grows have a fixed time period to reassess bet size. Have a max amount you are willing to lose per week, once hit stop trading till next week (market conditions not conducive to your strategy). Discipline can only be applied if the objective is fixed. Fixed entry rules, fixed loss and target, fixed periodic position size adjustment, fixed max weekly loss amount. Working in the industry is probably more a hindrance than a help and just saying 'walk away' is not much use, hope the above might help.
  9. 3 points
    Dear team New user here and I have a quick question. I came across to your platform due to the competetive brokerage fees and I am happy enough so far. But I must say I'm surprsied to discover that the basic layout / functionality of all other trading websites I have used is missing. In particular, the ability to export your CURRENT positions as an excel file (CSV, etc). I'm not interested in exporting my trading history - I wish to export my CURRENT positions so I can do some analysis of my weightings etc. This is a core routine task performed by sophistocated and amateur investors, yet it is missing from your otherwise very sophistocated platform. Such a basic product feature but bizarrely missing? And while I am here it is worth suggesting that you should also copy your competitors and have additional (optional) tabs in the Positions screen - such as showing your positions in your domestic currency and also your individual P&L expressed as a % for each individual holding. Your help in relation to the Excel question most appreciated.
  10. 3 points
    Overall I think the platform is pretty good (esp compared to most other brokers) but there is always room for improvement : 1) Bugs have to be fixed faster - Currently there is one where you can change a limit/stop on the platform and it registers it for a few seconds then reverts back to previous level. Thereby when you look at it an hour later you are looking at an incorrect number. Very misleading and can't stress how important this is. Issue has been outstanding with your helpdesk for almost 2 months now,, they are aware of it but seems no priority to fix 2) Ability to trade options on equities online as well as allowing stop/limit orders on all options. One of the reasons I don't trade them with IG. You need stops and limits functionality, it's not a nice to have. 3) Put in a toggle on platform (and PRT - the PRT market hours feature does not work) to switch off weekend data for technical analysis and also separate one to further only use market hours data for charting and calculations. Currently the way you are doing it skews all the indicators massively. 4) Fix all the incorrect spikes in your prices. Some are obvious. A quick fill form that users can submit with the ticker and period should be easy to implement and quick for all. 5) Top movers by exchange with ability to view and sort the columns by ascending/descending returns. It's currently sorted by most popular which quite frankly is pretty useless. Please add in a toggle for % change 6) Mkt cap on each chart, maybe in a small box on a corner. This would be invaluable as currently you have to look it up elsewhere. In future you can add in the ability to show price/sales, P/E, Revenue. Not a whole load of data but enough to give you an idea of the company's position in a snapshot. Having to navigate away from the chart to look this up just wastes time if IG already have the data to hand. 7) Calendar showing important announcement dates for your watchlist/holdings 8)If there is a cost to borrow when going short please indicate what it is. Currently, it just says "May be a cost to borrow...." without you knowing what it could be. 9) Ability to show % return since position was opened. Currently it only shows daily change. 10) VWAP and anchored VWAP indicators to be added 11) PRT really needs to be updated to v11 now. Its been 2 years since its release.....
  11. 2 points
    You must be a big fan of all the memes quoted in this article: https://www.bbc.co.uk/news/52847648 I thought we were discussing something interesting here but I find really hard to argue with that extremist side that you are taking. "You are being played" + "you are going to be microchipped" is too much for me. I step out now.
  12. 2 points
    I follow this page and I saw how Spain became from a nice yellowish spot to a complete red warning place. Mainly because of the great number of tourists that went there in summer. https://www.ecdc.europa.eu/en/cases-2019-ncov-eueea Now France is becoming the same way. I don't know how countries are going to stop it if they don't lock everything down. Until there is a vaccine we are all at risk unfortunately.
  13. 2 points
    Lets see what happens next week when the options expiry is over I think the DAX grinding sideways turns in to trending again? I would "guess" 70% chance for down and 30% for up https://www.msn.com/en-us/money/markets/what-to-expect-from-quadruple-witching-for-september-2020/ar-BB199m77
  14. 2 points
    To make your trading plan and trade strategy just answer these questions then move on to the testing section below. 1/ TRADING PLAN a) System What type of trader will I be? Swing, trend trader, trend follower, day trader, Elliot Wave, Fibonacci, option trader, another, or a combination? What time frame will I be trading on? What will I be trading? Will I trade long or short or both? What has to happen to invalidate my trading system and make me look for flaws in my thinking? b) Psychology How big of a position size can I mentally and emotionally handle trading? Does my chosen trading method fit my personality for activity and risk tolerance? Do I actually enjoy trading? Do I have the mental strength to persevere until successful in trading? c) Risk How much of my trading capital will I risk per trade? How many losses in a row with this level of risk will lead to blowing up my trading account? How much will I lose at one time if all my open positions go against me at the same time? How correlated with each other are all your open positions and your potential trading vehicles that are on your watch list? 2/ TRADING STRATEGY What signals my entry? What will signal my exit? Where will the initial stop loss go? Do I use a trailing stop or a price target to lock in profits? What is the probability of my trade working out based on historical data? (see testing below). STRATEGY TESTING Ok, so you've discovered that a random approach doesn't work so you've found a strategy but you'll have no confidence to trade with real money until you've proved to yourself it actually works and that means testing and collecting data over a number of trades on demo first. The simplest data to collect are the win rate and the average risk/reward ratio of say 20 demo trades, you can then plot these onto a profitability graph to see if the strategy actually works before you risk real money. To collect the trade data you will need a simple spread sheet, try this one https://forums.babypips.com/t/free-excel-trading-journal/52738 Just fill in these 9 green boxes for excel to auto calc the Win rate and the average Risk/Reward Ratio. The date is by drop down box as is the asset, you can change the list of assets to whatever on the 'List Variables' tab. Use the Take Profit as the exit price even if it's a loss and leave the Exit Price column blank. Take the Win Rate and the Average RRR and plot them on the graph, anywhere above the red line is profitable, below the line is not. NB/ The journal works fine on windows excel but if opening it in Windows 10 OpenOffice you will get the 'invalid entry' pop up for columns G,H, and I, click on the letter to highlight (G, H & I) > data > validity and uncheck the 'show error message'. OpenOffice has also allocated the currency dropdown box for G, H & I so just ignore. So now you have a trading plan, that probably won't change much unless your circumstances change, and you also have a trading strategy to bolt onto the plan, you may have 2 or 3 of them, say a buy the dip strategy and a breakout strategy, and you also have a means to test that strategy on demo to gauge if it really does have a chance of working out on a live account. You may go through a number of strategies or make changes and retest again and again before finding something to test on a live account but at least you're not losing real money to find out if it really works or not because if it doesn't work on demo it won't work live. Best of Luck
  15. 2 points
    That's great Charlotte. Another big financial scam (after Nikola and Sh!te Dance) to f*k the retail punter up the a*se with. Come on you clueless b4stards, line up over here in dunces' corner
  16. 2 points
    I've passed on the suggestion as it would be great to have equity options on our platform.
  17. 2 points
    Probability of Failure and actual Impact of Failure. There should be a bag of gold above to represent reward as the opposite to risk, so a small bag of gold for low impact reward and a large bag of gold for high impact reward. A few traders are successful taking low probability of success but high reward trades. Most traders fail because they are mesmerized looking at the large bag of gold and walk into the pit of spikes. Most successful traders just churn high probability of success low reward trades over and over. New traders look at a chart and the goal is clear, you need to predict the turning points, shouldn't be too difficult. But after spending ages stabbing at the entry button and watching their account disappear they stop to reassess. There are some traders who make a living picking major reversals but they don't tend to be beginners. They have a planned entry level based on previous price action and they enter with small size and a tight stop because they know they will be wrong 70% of the time. If the trade takes off they are looking to continually add and run the trade for as long as possible and that takes skills a new trader just doesn't have. So what's to do? Take a look at the other end, the high probability of success but low impact trades. This is likely to be a way into an already established trend and it's likely to involve a pullback failure or a breakout continuation. We need to identify a repeating pattern setup that has a high probability to go some distance in the expected direction. Most new traders want to run every trade up to the moon but end up watching it fall back and they're scrambling to get out at break even or a loss. The key that makes it a high probability trade is the expected impact (reward), less impact equals higher probability. So like a swing trader just looking for a swing back up to the prior high/low you need to see what your market on your time frame can realistically be expected to offer on a repeat basis and on a intraday chart that might be just 10 points per setup. It doesn't matter how many points, if your plan works repeatedly then position size is the key not points gain.
  18. 2 points
    This doesn't correspond to what is published on the ONS website. Excess deaths this year are much higher than the past 5 years average (top two lines): From https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/bulletins/deathsregisteredweeklyinenglandandwalesprovisional/weekending28august2020
  19. 2 points
    mate, your weakness is you've got a gambling addiction, the only way out is a rules based system that you can stick with because testing proves it works or just giving up and seeking professional help.
  20. 2 points
    Look at how the Fibs line up with monthly Pivots here 🤓
  21. 2 points
    good luck though that's a pretty strong run back up to the pivot, wouldn't be willing to bet against it myself. certainly if the Dow heads lower dax likely to follow.
  22. 2 points
    yes, and next I'll be needing this set up.
  23. 2 points
    it is all part of the usual banter/discussion. There is no harm intended. Just bored folks trying to be clever over a few big words.
  24. 2 points
    2 x MAs of your choice sloping and in order is a good trend indicator. Sure we maybe in the start of a downtrend but 4 bear candles doesn't make for one.
  25. 2 points
    Indices, Gold and Oil up. Today ECB rate decision and presser. FX correlations.
  26. 2 points
    no, the chart above is as it was at the time I posted it so was bang up to date. why not give us some more of your predictions, I could do with a good laugh 😃😆 up, up, nooo down, er no up!! no wait ... down, er
  27. 2 points
    Hi, just skimming through this but realise what I would deem to be a problem in that there is no real technical plan behind the trades but rather relies on rationalisations, the problem there being is that the markets are not often all that rational. I try to dissuade people from having a bias and instead just follow the charts. If you have a bias then look for a trade and then look to rationalise/justify it you are going to be right just often enough to keep you playing but mostly losing, because after deciding you want to trade you can rationalise anything if you set your mind to it. I prefer to just look for a chart setup that repeats itself and don't tend to worry about the whys and wherefores. NAS just rejected the daily pivot (same as Dow) but found temp support at the old resistance level from the weekly chart.
  28. 2 points
    Indices try a second attempt at a bounce. Oil down. Gold sits on support. Today CAD rate decision. FX correlations.
  29. 2 points
    And on days like this one, you sit in front of the screen all day and - nothing happens. And this takes an enormous psychological toll. And if markets are choppy for days or weeks on end ... full blown depression, if you haven't already given up all the profits you made
  30. 2 points
    Hi, I can empathise with you on this. My solution was to walk away from it for 6 months. come to terms with my losses and except them as it being my head space as the key issue. have a good look at my self. Chose the markets i want to trade, max five. Research, research and some more research.I don't trust these gurus who have systems they want to teach. Those that can do and those that can't teach. Chasing losses is the biggest issue to overcome, loose a hundred then up the best size to cover it, a bigger loss up the bet size goes. Repeat until funds are gone. Blame the platform, blame the markets, blame everyone except myself. Now I am profitable again. Slowly slowly catchy monkey. Avoid any FX pairs with USD, Avoid high volatility and avoid setting day, week, or month targets. All the best
  31. 2 points
    I find it now extremely important to be aware of your emotional state the moment you want to put on a trade. for example all types of feelings dmedin mentioned caused me to lose money (anger as well, of course). general lack of fulfillment makes you constantly try to achieve significant short-term profits, sadness increases your risk tolerance, because a corresponding larger gain seems more urgently needed, loneliness makes me wanna be able to travel more, buy people drinks... etc. maybe one should only trade when one's happy.. or at least not in states that likely come with increased risk tolerance I understand you guys are working with more clearly defined strategies, that likely mitigates the issue drastically, though
  32. 2 points
  33. 2 points
    Nasdaq monthly 10 year trend channel Aggresive call buyers made it go "thru the roof" Will the parabolic move continue or is it back in the channel again? I would say back in the channel, but with all the stimulus and manipulation going on who knows? As long as the upper trendline holds (support) i suppose buy the dip continue?
  34. 2 points
    Thanks for this - but I think it's ok. I did some further research, and discovered the Trading Analytics function under 'My IG'. This referenced the adjustment, and I now understand how Dividend Adjustments work! I had closed the position a little after 4.30pm and hadn't understood the significance of this. So the discrepancy was just a consequence of my ignorance. I clearly have a lot to learn!
  35. 2 points
    You can use the Money Flow Index indicator: Or the market sentiment through the main web: https://www.ig.com/uk/marketanalysis/ig-indices/wall-street If you can't see it make sure that you are logged in with your user.
  36. 2 points
  37. 2 points
    You can find the streaming API definition at: https://labs.ig.com/streaming-api-guide There are some code examples at: https://labs.ig.com/sample-apps This is the client I use in case you find it useful: https://github.com/oneangrytrader/brokerapiclients/blob/master/IG.Csharp.Api.Client/IG.Csharp.Api.Client/Streaming/IgStreamingApiClient.cs
  38. 2 points
    Hi all, I'm using the online IG platform and one thing which is greatly missing is... TICKERS!! How come a trading platform don't have tickers?! PRT and all trading platforms on the market have tickers. Traders speaks with tickers, not company names. So please could you add tickers ASAP (as soon as possible)... you see TICKER!! I need SPY, I need AAPL, I need NVDA, MSFT and so on. And I'm sure I speak for everyone else. I've searched on platform options, forums, etc and couldn't find anything about tickers. So if there is a way to have tickers could you tell me where to allow the option. And if not, could you ask your technical team to allow them quickly? I agree I could use PRT as there are tickers on theirs but there are things that I don't like, like it doesn't show the amount of money used from balance when purchasing a stock unlike IG platform, so you go a bit blindly and i don't like that. Thanks and sorry for the rant but needed to say it. Cheers!
  39. 2 points
    I would never understand anyone who knows 'successful' trading practically having a 'key' to unlimited wealth why would waste his/her time training others for such meager money.....and if the cause is charity then it should be free...
  40. 2 points
  41. 2 points
    From https://www.cnbc.com/world/?region=world
  42. 2 points
    If you are share trading, you may also want to be aware of the following from the charges & commisions page to save you any nasty shock. *Note for multi-currency accounts: These figures apply to clients who opt for the default setting of 'instant currency conversion'. Clients who choose to convert currencies manually will pay commission of 2 cents per share with a minimum charge of $15 on US stocks.
  43. 2 points
  44. 2 points
    Please add the option to add a configurable moving average indicator to volume bars. Thanks
  45. 2 points
    My own requests: IG videos that are in their own "window", don't obstruct the platform view, and can be resized like other elements. We had this at one point, they showed up in the notifications pane and now they're gone. I asked support if they'd come back and was told there's no plans to bring it back. This would be nice for reuters videos as well. An economic calendar inside the trading platform, not one that opens to a new site. The ability to change font sizes on news overlays. Echoing other requests: Backtesting feature like TradingView's market replay would be awesome. I'd have little need to visit another platform if that were available. TradingView integration. Oanda and FXCM are already there as well as Gemini. Would be handy to trade FX along with crypto. The ability to fully reset demo accounts. The ability to set the chart timezone. A market clock showing which markets are active and which will soon be active (perhaps one like forex factory has?) Pie in the sky requests: Crypto and commodities trading in the US.
  46. 2 points
    I totally agree. Lets get the fundamentals right!. No4 is so simple I dont know why it isnt already in the platform
  47. 2 points
    Please add the option to reset the demo account entirely. We are only able to add funds to the account and that is not always what we need. It would be better if we could reset positions, transactions and activities as well. When we are testing techniques, any other data from other techniques is not relevant. I believe this will improve the need of storing useless data in your databases, demo accounts will get a lot cleaner. Right now as an example I have more than 60 positions completely stuck and can't do anything with them. After a couple of hours they normally reset and can action on them again, I am used to it and many users have reported the same behaviour in the past. A reset button could remove many queries to the support team. We don't need to bother them with issues on the demo environment.
  48. 2 points
    Development needs for Share Dealing and ISA Accounts: - 1. A low-cost Dividend Reinvestment facility is a must - this will have huge benefits for IG as, with your commission structure, I'm confident you would attract more long-term investors by offering a DRIP facility 2. Please include all costs in the positions window (i.e. commission plus stamp duty) so that average price and profit/loss figures are accurate 3. Please improve your help desk and phone availability - responses are extremely slow or with the help desk email sometimes non-existent, which reflects very badly on IG and suggests your investors are much lower priority than higher value margin clients
  49. 2 points
    Sorry to go on. Just wanted to add one more thing. You provide PRT access at a £30 per month value for free if we trade a certain number of times. How much would it cost for you to provide access to TradingView.com (link your APIs and whatever to their platform so we can use it to trade with IG), and if it's a similar price to PRT could I please get TradingView instead? PRT is clunky, old-fashioned, missing many useful features and French.
  50. 2 points
    This was written 111 years ago - 99% of it still applies today - Ignore #1 Gann had a win rate of 90%+ he could afford to take huge gambles per trade and the fact could time the market. It's my belief that if you stick to theses rules you'll be virtually there as a trader, the only missing part is a method that works and produces returns W.D. GANN'S MOST IMPORTANT MONEY MANAGEMENT RULES * Divide your capital into 10 equal parts and never risk more than 1/10th of your capital on any one trade. This applies to all remaining capital as well. * Always use stop loss orders to protect your trade and place it immediately after entering a position. * Never overtrade by taking large positions. This would violate your capital rule. Remember " safety first." * Never let a profit run into a loss. When the market moves in your favor and you have a profit that is double the amount of risk you were willing to take, move your stop loss order so that you will have no loss of capital if hit. * When in doubt, stay out or get out. * Trade in active, liquid markets. * Don't close your trades without a good reason. Follow up the position with stop loss orders to protect your accumulating profits according to the rules. * Accumulate a surplus of capital. This rule is very important. After you have made a series of successful trades, put some money into a surplus account to be used only in emergency or in times of panic. * Never average a losing position. This is one of the worst mistakes a trader can make. * Never get out of the market just because you have lost patience or get into a market because you are anxious from waiting. * Avoid taking small profits and large losses. * Never cancel a stop loss order after you have placed it when entering a trade. * Avoid trading too frequently, getting in and out too often. * Be just as willing to sell short as you are to buy long. * Never change your position without a good reason based on set rules. * Avoid increasing your trading activity after a long period of success or a series of profitable trades.