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Showing content with the highest reputation since 17/08/18 in Posts

  1. 10 points
    @dmedin, In all of the humour added by @Caseynotes there is a very important point. A point that must be understood. First of all, spread betting is merely a vehicle to use to get to a destination. There are other vehicles available and it is your personal choice which vehicle you choose. For example if I want to invest in a company for the long term then I use a different broker to IG. If I want to trade a trend either 'long' or 'short' then I use IG's Spread Betting account. Why do I use Spread Betting? Well the two main reasons are the use of leverage and the other is that profits are free from Capital Gains Tax making it a tax efficient way of trading. Now the two reasons I have highlighted are totally irrelevant if you are either a bad trader or a good trader using a bad trading strategy when using Spread Betting. I will try and identify strong trends to trade using Spread Betting. Trading with the trend is crucial on Spread Betting. The stronger the trend the better. So it is not just about spotting a trend. 'Trend Strength', 'Momentum' and other indicators have to align to try and give you the best chance of a profitable trade. The amount of traders I have come across on just this IG Community alone that do not have the following is staggering: Trading Plan Trading Strategy Trading System Now without the above the odds are going to be against you and the probability of success diminishes. Also it is not just above having the three points above but they must be effective and efficient in trading the markets. Spread Betting is not gambling. It is merely a trading platform. Gambling is using trade capital to trade without an effective trading plan, without an effective trading strategy and without an effective trading system. It is the individual that gambles not IG's Spread Betting platform. An ineffective trader could invest thousands of pounds on a share in the hope that it recovers or goes up. If the share price continues falling and that trader loses thousands of pounds then it is the trader who is the gambler and it does not matter if they used a traditional share broker, invested via an ETF, bought a mutual fund or traded using a CFD or Spread Betting account. It is the actions of the trader that is the issue and at fault. Once you have a defined trading plan, a clear trading strategy which can be executed and a trading system capable of delivering the objectives of the trading plan then you will decide which platform or structure to use for your trading / investing. So the platform that you use will be dependant on your trading plan, trading strategy and trading system. Now guess what? If you have no trading plan, trading strategy and trading system then how can you pick the most effective trading platform to use? How can you come to the decision that a Spread Betting account is better than a traditional Share Broking account? How can you determine that CFD is better than a Spread Betting account? @Caseynotes, put the point across in a lovely humorous way and I have tried to put the point across in a more serious way and hopefully both will resonate with most types of readers here on IG Community.
  2. 10 points
    Indeed I have been sat here for a good many tears, I mean years. Did I get rich quick, no. I do treat it as a business though, a buying and selling business. So like all careers there is a lot of theory to be grounded in plus a lot of practical to get experience in. There is probably a whole years worth of course work in just learning how to spot and avoid the traps. I picked out an old Tom Dante quote which sums it up rather well, see below.
  3. 9 points
    Ha ha, yes, exactly the same thing happened to me. I started a 4 year university course but realised I knew it all after the first year so I took the final exam and unbelievably I didn't pass. Clearly someone was to blame for this (other than me obviously) so I cast my eyes around and of course it must have been the college's fault. I mean all you have to do is take some indicators and chuck them on a chart and then pick out some pretty patterns right? I knew this would be easy for me as I'm good at spotting patterns. Clearly the fact that this approach failed meant the whole thing must be rigged. So next I scoured the internet looking for someone to tell me what to do and would you believe it but that didn't work either. The whole internet is telling me to do this or do that but when I applied these tips and tricks to the stocks I had carefully selected by chucking darts a stock page pinned to the wall nothing worked! I didn't realise I was competing in a two way auction, I thought I was just gambling like I do in Vegas where if the action is really hot and the big guys are throwing lots of money around and the spread is getting bigger and bigger then that is exactly the right time to jump in, boy was I suckered. It's not fair really as all I wanted, all I was trying to do, was to get rich quick, a very reasonable and quite simple goal really. The fact that this did not happen has made me sad and this has affected my relationships and it's all due to nothing less than completely unwarranted victimisation by the system I was trying to beat.
  4. 8 points
    I don't know what expectations you had when you started David, mine were to make a lot of money and retire. That didn't happen. After a while I stopped trading, took a step back and looked at what was happening. I had none of the stuff mentioned above which are needed for success. What I did have were lots of trading websites, discussion forums, tips websites, news feeds and so on. A confusion of noise with no structure and no plan. If you decided to open a business you would have a business plan. You would probably open a business that you knew something about and had lots of experience in, or could hire people to fill the gaps. You would know how much things cost, how much you could charge, and what the likely market would be. You would do a lot more than that and still might fail for any number of reasons. Spread betting, or any other form of trading is a business. You need to know what you are doing, you need to do it consistently and you need to keep monitoring your performance. To make money you need an 'edge' - which is simply a strategy which over the long term gives you more in wins than losses. It doesn't really matter what that edge is, just that you have it and trade it consistently. You do not need, and should avoid, trading on anyone elses advice. As I write I have a long position on Gold. I could explain why and someone might read this tomorrow, think it sounds reasonable and decide to buy too. I mogt have sold by then and gone short. My advice would be worthless. If you want to make money here's how. Open a demo account, with a similar amount of funding to what you would have in a real account. Review what you already know about trading strategies and pick one that you think you understand. Research this and make sure that you know all of the details. Does it apply to all markets? Does it suit short term or long term trading? Why do you think that it would give you an edge? Write the whole plan down - preferably with a checklist of all conditions that need to be in place before you take a trade. Start trading it with the demo account. Keep doing that for months if you need to until you always stick to your plan. Review the results. Did you stick to the plan? Did you make enough demo profit for it to be worth your while? Keep going with this until you are sure, then start with a small trading account and see if you can still stick to the plan, and make money. As you succeed you can start increasing trade size or adding other strategies but slowly. Remember that the reason for doing this is to make money. If you can increase the value of your trading account by 5% in a year you are doing better than most savings accounts. 3% in a month doubles it in 2 years. Big wins are for adrenalin junkies. Steady consistent wins are for millionaires. Final thought: Spread betting is the hardest 'easy money' you will ever make. Michael
  5. 7 points
    I am going to take this opportunity to start a new post on 'Trend Following'. I am going to try to keep it as simple as possible for any new investors / traders who may be interested in trend following principles and adopting them within their trading / investing strategy. Even existing or experienced traders / investors may find this useful. If the more experienced traders / investors would like to enrich this thread then I would encourage them to do so, thus enhancing the overall discussion on trend following. I will start off by stating, "Failing to plan is a plan to fail." So always make sure you have a trading / investment plan that you can both execute and using discipline stick to. Have strict rules that you can follow. This is crucial as without a clear plan with rules one simply cannot trade effectively using trend following principles. One must understand that trend following has its flaws and it simply cannot predict future market movements. You will make losses. The key is to ensure that your profits cover your losses even if that means that out of ten trades you profit on three and make losses on seven. That is fine as long as the profit on the three winning trades is greater than the losses on the seven losing trades. Accepting this may mean a total change in mindset which may prove to be difficult for some. This is where an individual's personality comes in. One must assess which markets it is going to trade and have a system in place to help identify trends both upwards and downwards. Trend following aims to capture the middle of the trend so you never get in at the bottom or sell at the top. Volatility must be embraced and seen as an opportunity. Reacting to market trends as they happen is key. For those who are familiar with my posts then you will see that demonstrated on commodities such as Orange Juice, Cotton ,Wheat, Lumber, etc. No one can predict the future but using trend following principles based on historical and current price behaviour one can make assumptions. These assumptions can only be tested and presented as evidence based on the price action. It is ok to be wrong and one must not be scared or worried about what others may think. I am sure I have made many incorrect assumptions based on historical and current price action in the past and I am sure I will continue to do so. Making assumptions and then testing those assumptions is a key part of learning and gaining valuable experience. One can learn a lot more from their losses than they can from their winners. This can assist in coming up with sound risk management principles within the trading / investing plan. Be ruthless and trade both long and short depending on price movements. For those that are familiar with my posts will appreciate that I am an advocate of Cryptocurrencies and Blockchain. I have a long term long position in Bitcoin and Ether using XBT Provider One products and opened a long position when Bitcoin was around $2000.00. That is a long term trade. Now using spread betting on IG's platform I recently shorted Bitcoin even though at the same time I had the long position. The price action for Bitcoin merited a short position which using basic technical analysis one could not argue against. The trend had reversed to short. Now some of you may be wondering why I did not close my XBT Bitcoin trade. I am human and though one must try and eliminate emotion from the trade my flaw is that I believe in the long term story of Cryptocurrencies and Blockchain. This is only a flaw if they all come crashing down but I cannot predict the future so I simply do not know. Due to my convictions and beliefs which could be wrong all I can do is ensure that if any shorting opportunities come on Cryptocurrencies then I take them as I have two long positions in Bitcoin and Ether. This is where IG's Spread Betting platform works really well for me. It allows me to short both Bitcoin and Ether with leverage. Trends can change very quickly and this is where risk management comes in. One must have entry and exit rules which they stick to. It is fine to adapt these rules over time as experience may dictate a change in entry and exit points. Something I always think about when placing a trade is, 'Knowing your exit price before you enter the trade'. Stop losses and proper use of leverage are fundamental. One must let their winners run and not take profits too early. Only when there are indicators of a trend reversal must one exit and this should be done by the stop loss let. TrendFollower Tip: Trailing Stop Losses are great on winning positions so if you are not using them then you may want to consider them. I have kept this opening post very basic and simple. The detail will follow depending on the engagement this thread receives. I am out of the country from 31.07.18 to 26.08.18 so I am not available but on my return normal service will resume!
  6. 6 points
    It's taken me over a year of demo account trading to "perfect" a strategy that is proving profitable on a weekly basis... I'm in this for the long run, so really no rush to get into the markets, but I think I am just about ready to enter the "real world". One of the major lessons I learnt over the year (beyond what has already been mentioned above), PATIENCE! Literally sitting watching the ticker for the right time to enter the trade has been key, you may miss a trade or two, but in the long run its pays to see confirmation in trend before taking on the risk. Oh, and when I say a year, I mean literally every day of the week for a minimum of 2 hours (excluding videos on yourtube, audio books, reading about trading etc).
  7. 6 points
    I will be closing this thread as it is very old. If there are any updates relating to DRIP I will update Community. If anyone wishes to open a new thread please feel free to do so, or 'like' this post (you must be logged in) to show support for div reinvestment options on share dealing.
  8. 5 points
    The US 500 which is the (S&P 500) is an attractive potential shorting opportunity. As many of you know I like to be as open and transparent as possible. I like to keep things simple and really add significant value to the IG Community with real live trades. I have today opened a short position on the US 500 at 2506.91 via IG's Spread Betting platform. I should get daily credit interest as well - 😉 Why did I pick this to short ahead of the other indices? Well first of all it has lower margin requirements than other indices. This is extremely important when one is adding to short positions as the price continues to move downwards thus trying to maximise profits. Also the trends seem similar when comparing it to the Dow so why use up extra capital on margin requirements? Again I am sharing some of my live trades with the IG Community and will share my views, thinking and rationale behind any decisions. I will not hide behind complex analysis and complex theory that many may find difficult to follow or understand.
  9. 5 points
    If you're looking for the most comprehensive economic calendar around this is the one for you, somewhat more comprehensive than the IG version at any rate. 🙂 https://tradingeconomics.com/calendar
  10. 5 points
    I would suggest EURUSD @eloronz for the following reasons: It is the largest FX pair market by volume and value and therefore the most stable, least prone to flash moves, which are a killer for new traders (and old I guess but old hands are more aware of this phenomenon) GBPUSD can be a bit spiky from a technical perspective, often spikes through a support/resistance zone before conforming, which makes stop placement more challenging USDJPY is often impacted by flight to safety Yen buying With EURUSD you are effectively trading, it is a better proxy than the USD basket (DX) EURUSD may be impacted by Brexit nonsense short term but is less prone to spikes around this than GBPUSD I would steer clear of non USD pairs for now, it is easier to focus on the USD impact EURUSD conforms well to charting and other technical analysis
  11. 4 points
    I was looking at the Gold chart and the one thing I have noticed since the 'bottom' on Thursday 16th August 2018 is that Gold has been making 'higher lows' and to a certain degree 'higher highs' though the lower lows have been more stronger than the higher highs. Now a potential Gold trade could be that when the next higher low is formed to open a long trade with a stop loss around the $1200 area to ensure volatility does not stop you out unnecessarily. I think a price to go long around the $1220 - $1225 area could be achievable and also an attractive entry point. I see Gold trying to attempt the $1243.00 area which would bring it nicely towards the 200 day moving average price. This is something that I myself will be considering as Gold is currently trading above its 20, 50 and 100 day moving averages. This is my indicator/signal to start getting interested. I am never convinced with the potential points / profits on offer with Gold and I do not at this point envisage a big move in Gold which is the reason why I have not yet pulled the trigger on such a trade. For me to personally be interested in this trade I would need to apply some serious leverage to maximise the profit potential as I just do not see a big move yet in Gold. It could happen in the months or years to come but right now I am not sure. I could be wrong and Brexit could start a domino effect but I do think Gold has the potential based on the current price action to certainly go for the $1243 area which could be a nice short term trade. I have included a diagram below where I have highlighted the 'lower lows' and slightly weaker 'higher highs' below. The circle at the end is where I am envisaging the price to hit at some point in December / January should this trend continue. I think there is a potential short term 'Long' trade here in Gold and though I am not a fan of Gold based on point / profit potential, I think I could get interested when applying leverage to maximise any profits in such a trade.
  12. 4 points
    Interesting proxy Bond yield chart here on a RRG using ETF's to demonstrate the 2 - 10 yield curve flattening over the 5 week period may give a clue to near future bond markets. (see article link) https://www.stockcharts.com/articles/dont_ignore_this_chart/2018/10/is-the-bond-market-sending-us-a-message.html?utm_source=dlvr.it&utm_medium=twitter For anyone not familiar with Kempenaer's graphs here is a link to a tutorial page. https://www.stockcharts.com/docs/doku.php?id=other-tools:rrg-charts Also here is a 5 week period RRG of US indices with Dow moving from improving zone to leading while S&P composite moves from lagging to improving and Nasdaq stuck firmly in weakening.
  13. 4 points
    The ascendancy of Asia and in particular China is due to Western short term outlook whereas China takes a long term perspective. At the moment, China enjoys an unfair playing field. Why would they want to change this? As US China trade talks have been going on for decades, it is obvious that they are following a similar strategy to the Roman commander Scipio Africanus. Delay, delay until the time is right to strike. This is obvious what they are doing with their trade talks with the US. It is just impossible to have the current trade imbalance forever. Ceteris Paribus, China will become the technological superpower that could easily eclipse the US as they don't look at quarterly bottom lines but 10, 20 or even 100 years ahead. The western powers could easily be likened to Hannibal whereas the Chinese to Scipio. Hannibal was a brilliant tactician and had initial gains in Spain and in Italy. But the better strategist, Scipio ultimately prevailed leading to the total destruction of the Cartheginians. So perhaps the West should learn from history if it wants to remain the dominant economic world powers. I am not a fan of Trump but in his position vs China I support his stance. If unchecked, China will soon become the world's largest economy and all that entails like being able to outspend the US on defence. Will the world be a better place with China as the dominant super power? Think the Uighur community and the Tibetans might disagree that it would.
  14. 4 points
    Following a few questions from clients regarding the surge in Italian bond yields in the last week, I have put together a quick overview of why this has taken place. Bond yields are the return an investor is going to earn for investing its money in government bonds. The better the outlook of a country’s economy, the safer the investment will be and the lower the requested return from investors, hence a lower yield. Therefore, bond yields are inversely related to their price and the perception of strength within a country’s economy. The issue with Italy is the fact that the Italian populist government announced a more fiscally aggressive deficit budget than was anticipated. This budget was out of EU-mandated guides, which spooked investors, as Italy is under enormous pressure to control its financial position because its debt-to-GDP stands at more than twice the eurozone’s permissible limit. If Italy’s spending is not controlled, it could face a Greek-style debt crisis, putting a lot of pressure on the EU to control Rome’s budget indiscipline. Despite an announcement on Wednesday the 3rd of October, where the Italian government gave in to EU pressures and reduced the spending deficit for the next 3 years, the sentiment regarding the safety of the Italian government is still very low. This is evident because the spread between the Italian 10-year bonds and the German 10-years bonds, which act as a benchmark for sovereign risk, rose more than 300 points last week, the highest level since March 2014. This increase in government yields proves that investors are weary of the Italian government’s ability to stick to EU guidelines and believe the Italian economy is very unstable, therefore requiring higher returns to compensate for the uncertainty. I hope you find this piece clarifies the current events, if you have any questions just ask. Feel free to "@" me in your discussions.
  15. 4 points
    Hello all, to transfer shares out of IG, you will have to request the receiving broker to contact us to initiate the transfer. As mentioned above, our share trading accounts operate under a direct custody model, meaning that instead of you – the client – being personally registered on CHESS, it is our custodian Citicorp Nominees who will hold the HIN for all shares held with us. The custody model is a standard global practice that allows our clients to trade local and international shares easily and is cost effective. For this reason, we will not be able to provide you a HIN or SRN. Please ask the receiving broker to contact us, and we will provide this information to them directly . Generally, to complete a transfer form, the receiving broker only needs our PID (CHESS Participant Identification number), which is 20018. In addition, broker-to-broker transfers are free (like to CommSec or NebTrade), issuer sponsored transfers will incur a $50 charge per line of stock. I hope the above clarifies, if you have any further queries please do not hesitate to contact us.
  16. 4 points
    Same here, will be taking my business to selfwealth. This simply isn't what I signed up for.
  17. 3 points
    I wanted to share some simple and basic 'Fundamental Analysis' with regards to my 'Long' Gold and Silver trades and 'Short' S&P 500 trade. The Gold price is continuing to rise as equities around the world are declining. Gold is priced in USD and US Equities are in 'bear market' territory. US Federal Reserve has raised interest rates by 25 base points. There are a lot of 'risks' at the moment in terms of equities declining, Trump's Trade War with specifically China and monetary policy. These conditions are favourable for Gold going forwards. For those who may not be familiar let me explain when a market is in 'bear market' territory. It is when a market has declining by 20% or more from its highs. The biggest worry is any 'recessionary impact' that may come going forwards. A lot of people have obtained cheap credit whilst interest rates have been at all time lows. If interest rates begin to increase then if these people have not managed their risk properly then they could be in trouble as their repayments begin to increase. Business are effected by interest rate increases too so as their loan repayments increase their costs increase which could lead to job cuts. On top of this major technology stocks have entered into a 'Death Cross' recently. Now for those not familiar with what the 'Death Cross' actually means then it is when a share's 50 day moving average goes below its 200 day moving average. This tends to signal a change in trend from upwards to downwards. I think it could take months or at least the first quarter of 2019 for this bear market to try and bottom if not longer. I have a 'feeling' that this is going to be a enormous downtrend and those who do not short such opportunities are going to miss some exceptional opportunities. These are just my personal thoughts based on my 'gut' and 'instincts'. So please do not take this as 100% likely or it is given. I could just as easily be wrong. Now in the past on IG Community traders have posted many threads and posts about 'Buy the Dips'. I would absolutely not buy the dips right now on such indices trending strongly downwards. What I would be looking to do is 'Sell The Rips'. This is the opposite of the buy the dips. During any prices rises during a downtrend one adds to their position and adds to their short position. It is being reported that indications are the more declines are likely to be seen in the weeks and months ahead. It seems the major indexes are producing new lows which gives me the impression that the worst is still to come. What makes it difficult for us traders is that volatility is increasing. This is great for day traders and shorter term traders but for anyone who holds long positions it becomes difficult with the risk of stop losses getting executed. The dynamics of the current scenario is fascinating. I never thought I would be 'Long' Gold and yet I am. Risk tolerance is declining and along with it the markets are declining. Now one could infer that the price action of Gold is making it look like a potential safe haven for investors. There is the potential of a weaker dollar which could lead to higher Gold prices. I have openly stated I am not a fan of Gold. However, I saw an opportunity to get in early on what seems to be a trending upwards movement based on price action. We have the US Government shutdown which seems to be becoming a regular occurrence. For me this creates uncertainty in the market which is going to bad for stock markets and positive for the likes of Gold. When one adds the US Monetary Policy into the mix then one can see why things are unravelling the way they are.
  18. 3 points
    @dmedin, Yes I agree. One must learn to ignore 'Market Noise' but have the ability to absorb the news that is true, relevant and important. It sounds easy but it is not always the case.
  19. 3 points
    Get this via email from another broker but thought it was a good copy/paste. Thought it was worth a share and could give a few trade ideas. Also should we get a 'quick trade ideas' section running again? Or maybe @JamesIG can sort a competition or something based on new trade ideas? Optimism is fading as the US’s power struggle with China and Iran continues. By Wednesday morning, markets across the globe were feeling deflated as investors signalled a lack of appetite for the current level of political risk. In the US, the Dow Jones, S&P 500 and Nasdaq closed on Tuesday down 0.6%, 1.1% and 1.8% respectively since the start of the week, while China’s Shanghai Composite had dropped 1.6% by its close on Wednesday. In Europe, the picture is slightly better, with the FTSE 100 remaining flat overall. Germany’s DAX is one of the few major markets to post a positive result: on Wednesday morning it spiked to €12,290.46, up 0.13% from the start of the week. Disney shares to enter new magical era? Some analysts view the stock’s latest holding pattern as a signal to buy, anticipating a further breakout after the company’s shares reached a record-high of $143 last week. Meanwhile, the company’s streaming strategy is gaining steam as Hulu, which Disney owns 60% of, has racked up 3.8m US subscribers in the year to date – outpacing competitor Netflix. Can Disney shares retest last week's all-time high? Micron surprises investors with latest results. Shares rallied as much as 10% in after-hours trading after the chipmaker delivered adjusted EPS of $1.05 and revenues of $4.79bn last quarter – both exceeding consensus forecasts (although still representing a 39% year-on-year revenue drop). Overall, its shares are down 25.7% since its year-to-date high of $43.99 and 0.2% since the start of the year. Some analysts now view Micron as a buy opportunity – with BAML saying they see value in the company’s low valuation. UK high streets still have their champions. While the high-profile turnaround struggles of Debenhams and New Look have been well-documented of late, stocks in sectors like sports retail and value apparel are bucking the trend with strong year-to-date growth. The 3 stocks bucking UK retail's spiralling decline. Match Group enters buying territory. After a dip during the latter half of last week, the parent of dating app Tinder rebounded sharply, rising 7% to 71.48 through Monday. That puts the stock 5% below its flat-base buy point of $75.38, according to Investor’s Business Daily. Match’s stock has had a meteoric 58% rise year-to-date, powered by strong metrics around the Tinder app’s usage and plans to tap Asia’s legion of smartphone users. FedEx reports estimates-beating results. On Tuesday, FedEx announced earnings of $5.01 per share based on revenues of $17.81bn, beating consensus EPS estimates by $0.20. The results do not seem to be enough to reverse the logistics company’s share price trajectory, though, which continued to fall in after-hours trading. On Monday, the Wall Street Journal reported that FedEx had been slashing prices to support its Express service – which also cut ties with Amazon earlier this month – sending the share value down 4.9% by Tuesday’s close. Evercore switches tune on Spotify. Evercore ISI analysts downgraded the Swedish music streaming company from in-line to underperform, cutting its price target by $15 to $110, citing scepticism over the ability to meet Wall Street estimates. Spotify’s stock closed down 1% to $145.69 on Monday. Also on Monday Spotify was revealed to have been exaggerating the amount of “app tax” it pays on Apple’s App Store; Spotify’s CEO Daniel Ek has complained that Apple requires Spotify to pay a 30% tax on purchases made through Apple’s payment system; Apple responded by saying Spotify has never paid more than 15%.
  20. 3 points
    @Valentin, Unless you have some sort of strategy to determine how far Gold will correct then I would be weary of going 'Short' on Gold right now. The overall trend in Gold since August 2018 is upwards. There has been no major trend reversal on this long term trend which is approaching 12 months next month. If you are going to go 'Short' Gold then you have to have distinct strategy in play and one which you can execute with confidence as otherwise the following words will apply - 'Betting', 'Gambling', 'Luck' and 'Hope'.
  21. 3 points
    Not me who thought it thought provoking by the way but here are the 10 in the FAQ dropdown.
  22. 3 points
    Which means if you bought at any time other than those 87 days in the 10 year history, you'd be making money. BTC $50k within 18 months. Whoop whoop. Set your alerts.
  23. 3 points
    A key metric for Lumber is the monthly US building permits which have held up well over 2019, see below;
  24. 3 points
    @Bell, yes it would be nice if the phases were evenly spaced as in the diagrams but that's not real life of course. A strong break out with volume indicating the opposition have been cleared as you say is favourite, I've got one with volume I'll add it below. The retest or at least an attempt to retest will come and when that pullback fails is as sure a trade as you'll find, those attempts at breakouts while in consolidation though can get messy and often snare and trap the unwary.
  25. 3 points
    @nit2wynit, here's a test you can do, open up the demo on one browser page then open up the live platform on another browser page. Set them both upside by side on ftse 1 second charts and watch; they move identically. But more importantly see how fast price changes and how frequent the gaps are, this is what you are trying to trade. Going back to the other thread where you posted the day's demo trade history. Just looking at the ftse trades you are using large size to make just a couple of points, that would be hard enough using a price ladder or a tick chart but if you are using a candle chart ... well, just look at the top picture again. Yes it's a lot easier on demo because size doesn't matter, but it does on a live chart, you are constantly aware that a fast 3 tick move against you on top of the spread puts you seriously offside in the space of a slit second, that makes you jumpy, no wonder you made yourself sick. You say you dropped down in size after losses but it was too late by then, once the confidence has been wreaked you need to stop and look back at the plan. Starting off on the live platform with large size with a strategy that needs very quick reactions just causes anxiety driven decisions and they don't tend to work out to well.
  26. 3 points
    I have found that if there's going to be a short squeeze, Tuesday is the most likely of days for it to happen. They're not called "Turnaround Tuesdays" for nothing
  27. 3 points
    Interesting reading, interesting thoughts, Trend and Casey interesting banter. Great work @TrendFollower on keeping your word and staying clear of @Caseynotes who seems to love to Troll you. I been in this group for a couple of weeks and already worked out Casey was hot air blowing about every post before i read this post, but nice to see my thoughts were correct. I was hoping to find like minded people who worked together in this group and would be happy to share ideas and stories both good and bad so others may learn and every body gains a benefit . The constant pointing to information from Casey seems to prove they have a lot of Bookmarked sites but maybe they dont understand the information? @dmedin I found i could make so much more profit in a Demo account than Live trading due to the Demo always letting you buy the trade at the Price on screen, compared to slippage in the Live market, the spread points on buying and selling seem less forgiving in the Demo than Live trading, on that fact alone my proven demo strategy's when i 1st started out have fallen over not allowing for the points difference and costing me in the long run. So i dont agree on that its rigged, its a false sense of security maybe as it plays a little nicer than the real market. I know i tended to play the demo far more risky as it wasnt real money, it wasnt my money, so the emotional thoughts arent as strong and you can be far more flippant in the Demo, making you feel more empowered before the Live system eats u up and spits u out.
  28. 3 points
    I have released a project that will most likely be updated once or twice a day, The updates are self explanatory, A list of the most shorted stocks by Institutional Investors in the UK. Split up into how many institutional investors are short on a stock and by the volume and an amalgamated list of of most shorted stocks. https://github.com/tg12/most_shorted_stocks Again this is a series of my own projects. Not affiliated by IG and no guarantees etc. Feedback and comments welcome. Hope you enjoy it.
  29. 3 points
    I read a quote a while back that said something like ”no ones story of becoming successful started with them sitting down to read a book on how to become successful” in my opinion all these self help books and systems and starategies are more or less **** and only there to sell (or in this day and age subscribe to to get views for ad revenue etc) to those who as in a desperate quick fix bid to get rich or be better. I get this may be an unpopular opinion but maybe hear me out. You can only learn by doing. Start small. Learn the game. Only use guaranteed stops when trading leverage and yes, you’ll need more to deposit in some instances but you’re trading at 20:1 ffs. Even the banks and the worlds most successful full time traders don’t usually leverage themselves up that much. Trading is hard enough. Trading using a complex product likespreadbettingor CFDs is another level. Learn the ins and outs because I assure you there will always be moreto know. You do not learn on a demo account! People think they’re using it to perfect their system but it’s absolutely USELESS. The demo accountshould be for testing functionality NOT strategy. It takes away all forms of psychological impact. Seriously don’t use demo to test strategy. Use fractions of a trade size but it MUST be on live. Understand you’ll maybe lose £x but keep that figure as the cost of learning. You’re using gauramteed stops too right so there’s a limited downside. Succes only comes from failure, evaluation and reflection, and a new attempt. Why did the trade lose? Were you following the technicals and the fundamentals kicked it into touch but you moved your lines about to fit your original convictions? You need to monitor these things.
  30. 3 points
    Here's a couple of great ones recently, the good old triangle. I traded some of these signals. You can set a position to go short when it drops beneath the lower line and have a stop just above in case it's a 'fake'. If you're really clever you can trade the bounce back up too, and then the drop back down again.
  31. 3 points
    1 - Doubling Down. 2 - Holding Losers. 3. - Trying to Pick Tops and Bottoms. I started discussing the SSI and COT data in the Indices thread but I want to encapsulate and collect the basic points together to show the main reasons why retail traders fail. Using the Dow as an example, so retail traders went net short starting 2nd Jan (pic 1) which coincided with the rally failure in the recent down trend, fine (pic 2). But the pullback reversal itself failed on the 8th Jan, the bears had had their chance and blown it, time to get out of those shorts right, the chart had turned bullish. But the % net shorts kept increasing all through Jan and stayed net short 75% - 80% all through Feb while price was storming up the chart. Then holding on to losing trades all through the March consolidation. Retail had got it wrong so initially doubled down and then hung on to the losers. Look at the 3rd pic which shows the COT data for the same period. Small speculators went net short 2nd Jan same as above. Large speculators on the other hand had been reducing their net longs but come the start of Fed were confident enough to set about increasing their long exposure again. Back to the top chart again. The consolidation through March and maybe those losing trades would come good right? That's desperation tactics not a planed strategy. But look again, in the last week there has been a price run up to test the recent high, what does that mean for retail, why it's another opportunity to go short again of course, I mean it must be the top this time right? 80% of retail traders lose money for a reason (or 3). It used to be said that 90% of retail traders lose 90% of their account within 90 days. The SSI graph show exactly how this is remarkable accomplishment is achieved by so many.
  32. 3 points
    Decided to try this Spreads and CFD's as an experiment, experience and alternative to the sweet 1.5% on offer with ISA's. I had a strategy, still adjusting. I have a plan. But having no experience is a bit of a handicap. I detached myself from the money so it was no longer personal. I have had enormous fun and learned more about the global economy in 4 months and 10 days than the 25 years I have been reading the economist, running a small property business or talking with my very cautious banking friends (all of whom advised me not to spread or trade CFD's ). Opened a demo account and a real one. Despite being clobbered in the lumber markets ( attracted to the volatility) oil, gasoline and tracking the Dow have more than bailed me out. Have I won every week? Not on your Nelly! Did I take it personally when trades did not work out due to impatience, greed or poor timing? To begin with yes. Patience and belief have become my friends, even if the belief has come down to **** minded instinct on occasion. Result? A profit of 38% in real money and 25% including margin or 37.5% without in demo after 4 months. Too much information is worse than not enough so have taken what makes sense. Have traded out of all my positions when Wall street hit 26671, with the exception of Calls on Wall street June 19 (26500), call on Footsie @6725 May and a call on June USD/GBP @1.3100. Still long on oil, though have regularly taken profits. Am still learning about calls and puts so will ride them out or cancel at close. If one is to enter this with intention of it being one's sole income, then you will need at least £50k as your base and not be upset if you lose it all. Do not be obsessive about it either, remember to enjoy life. Don't take losses personally, see them as part of the process. That's about all I can think to say on the subject for now. Save I am enjoying this far more than I imagined I would, but maybe that's because I am in profit.
  33. 3 points
    Please consider adding the VWAP indicator to the platform. I see it's used in Pro Realtime / Meta trader, but for some reason not on the main web platform.
  34. 3 points
    Just to add to the discussion. EURGBP in the interbank market is dwarfed by GBPUSD and EURUSD. These two pairs drive a lot of the EURGBP price action, so often GBPUSD or EURUSD will move which results in a move in EURGBP (due to the "triangular" nature of the 3 pairs):
  35. 3 points
    @eloronz, all the charting platforms have there own handy chart pic taker which also removes any personal info. On the online platform you click 'options' (3 dots) then 'export chart' and a snap shot of the chart is sent to your download folder. See pic below.
  36. 3 points
    Ah I knew it was something simple(and stupid on my behalf). I have increased position sizes by a factor of 100 to account for the pound/pence difference. Would have been nice to lock in the gains I thought I had though!. Thanks guys.
  37. 3 points
    Hey all - we have a couple interactive infographics on Brexit and Trumps trade wars which may be of interest to those on Community. You can check them out below. All feedback welcome Brexit timeline Trumps trade wars
  38. 3 points
    @CKCh, Apologies, but your point is?
  39. 3 points
    All depends on what you define as an edge @Nelsy-Boy. There are plenty of people, including several on this Forum, who describe their approach as trend following or being a fast follower of the big boy professionals and market moving news breaks. Is this an edge? Perhaps it is about having a mechanism to identify when and how to execute against such a strategy and doing this well consistently (i.e. being profitable overall). You sort of described the edge as being over other traders but is this right I wonder? For trend followers surely it cannot be as the majority of the market money would be flowing into supporting the trend, wouldn't it? There are many different strategies and methodologies out there and many are valid in the right hands but one thing that strikes me when reading about successful traders is that they have all created a methodology that suits their psychology, also they have practiced and honed this methodology until they have full confidence in it and themselves when using it. This does not necessarily mean that they have invented something new, some of the best openly say they have borrowed and reformulated elements of well knows strategies into their system. It also doesn't mean they do not change and adapt their methodology and how and where they deploy it, they learn from each loss and adapt. So perhaps the way to think about it is less about trying to develop an edge vs everyone else and more about self mastery and mastery of the markets you want to trade. For me it isn't about trying to go against the well know methods, how can anyone know whether the market in general use EWT or Fibonacci or Wyckoff or trend following or technical indicators or whatever? There are too many of them to figure out which the herd is using anyway. In fact I would hazard that no single method or theory is dominant, there are sufficient vociferous naysayers on theories like EWT and Fibonacci on this Forum alone to evidence that. We can't even agree on the existence of a Santa Claus rally... So for me, if one needs an edge at all it is against the market that you are trading as a whole rather than other individual traders. And here retail traders in general have one critical advantage vs the professionals, we don't have to be in the market at all but can pick and chose where and when we go in. To leverage this edge we need a methodology that helps us identify these moments, one that suits us and NOT just by following someone, that is not trading. If you can do this you will have the edge you are seeking. Oh and it doesn't hurt to be contrarian and to think of possibilities that the mainstream either cannot conceive of or reject due to their inherent bias. For example, if hedge funds are wedded to their trend following then they will consistently follow it off the cliff. The big funds will be strong enough to reverse but the little guys will not survive the fall. This behaviour is known as being sheep. As another example If one is invested in something (be it a particular stock or a particular bias) then it is virtually impossible for them to countenance that thing failing, or even tolerate someone suggesting it might. They stick with it until they die. This is known as being an ostrich. Most people will know about Bulls and Bears but perhaps have not heard of Sheep and Ostriches (I didn't make this up). The Bulls and Bears don't savage each other (they are usually the same players who switch bias in time). They savage and gore the Sheep and Ostriches. Guess which category most retail traders fall into..? Better to be a Bear or Bull and be wrong from time to time than a Sheep or Ostrich, they are by definition wrong!
  40. 3 points
    Dear IG, When will dividend reinvestment be available on share dealing and ISA accounts? This is such a key and fundamental part of long term investing! To not have this feature is very poor and is pushing me towards a different provider. I really rate IG as a whole but to not have DRIP is pretty much a deal breaker when deciding where to conduct my long term investing. Regards, James
  41. 3 points
    Afternoon all, We've at long last pushed these out to our HTML5 trading platform. This has been released for all UK Spread Betting and Pro-CFD users. This has also been released to Australia, Dubai, Singapore and South Africa and we expect to roll this out to all of Europe by the end of the week. Feel free to post any feedback – good or bad – and I'll send it in the direction of the options desk. Thanks,
  42. 3 points
    I think it would be a good idea to make the IG Labs forum (which is pretty dead) an underforum of this forum. Maybe this will ignite a little more activity in the IG Labs section (this was already discussed in another thread but I thought it is worth mentioning here).
  43. 3 points
    Hey @Kitchen - this is something which our client money / credit team will have to initiate manually. Please can you drop an email from your registered email address (unfortunately I can't take the request over Community) to helpdesk@ig.com with the value you are looking to withdraw, and a confirmation of the account details you are looking to withdraw to. alternatively you can give us a call and make the request verbally. Hope this clarifies the process.
  44. 3 points
    Hi @gepot, The FX market doesn't have a central exchange, trading is 24 hr Sunday evening (GMT) through to Friday evening. Global regions have their own specific sessions with increased regional activity but don't actually close as prices can be provided from anywhere. The daily bar closes at midnight for the time zone your broker is based in.
  45. 3 points
    eek! Exciting.. I hold ITV Let's see where the story goes...
  46. 3 points
    Great fundamentals input from @elle. From a technical viewpoint it's a nice technical set up @Pieman, The level is previous support turned resistance plus price has historically respected the 20 MA, if today's close is a shooting star (reversal bar as it looks now) and price starts to reverse down tomorrow a tighter stop would be justified because the reversal pattern (the reason for taking the trade) would be nullified if price were to go back and breach today's high.
  47. 3 points
    Hi @cfdfutures, I've found that the newer, standard IG spread betting platform does this when you move your stop. It greys the zone that is too close to the current price for your stop to be able to go. Leastways it does on my computer running either Firefox or Chrome. The depth of the zone depends on the market you're in and (anticipated?) volatility I think. Often near economic announcements you're not allowed to set it as close. e.g. on GBP/USD out to 12 points rather than the usual 6.
  48. 3 points
    For those interested (such as those on this thread including @spiderman @elle @PandaFace @apadhani @leotrader @kodiak and @hedgehog) you may find the below useful.
  49. 3 points
    This fee change is ridiculous! I moved to IG to get good value! I recommended IG to my family, now I’ll have to help them switch. We’re long term investors, not day traders. We only make a handful of trades per year. Now they’ll essentially steal $50 a quarter for doing nothing if I don’t make 3 trades in three months. I didn’t sign up for this nonsense! ComSec waits an entire year before slugging people with an inactivity fee of US$25 and they only charge that on accounts with International trading enabled. If IG doesn’t roll this back they can say goodbye to my business!
  50. 3 points
    Hi @Mofihli, I presume that you are referring to bank/card withdrawals from your IG account. If so, card withdrawals take 3-5 working days, whilst bank withdrawals take 1 working day.