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  1. 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.
  2. 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.
  3. 5 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!
  4. 5 points
    I'm happy to announce that you can now add drawings to the indicator study area both on desktop and mobile of the IG charts. This new functionality has been developed on the back of client feedback submitted to Community, from within the dealing platform, and directly with our Trading Services and client facing teams. If you have any other requests, please add them in the comment section below and we'll make sure the charting dev team and product owners see them. You can now draw on indicators For instance, get more insight from your RSI indicator by drawing a trendline directly on the study area. The ability to draw on these indicators, such as MACD and volume, opens up a number of new options for technical analysis. Trends, for example, can add granular insight into market dynamics and can help improve the accuracy of your TA and strategy. But that's not all... We also; added the measure tool to the mobile charts and made it persistent on your screen so that it does not disappear when you tap or click away. improved the usability of the charts so that you cannot move your drawings by mistake when moving your charts sideways. To move a drawing, you would need to explicitly select it first. improved the general rendering performance of these drawings. Coming very soon! we've added the option to activate or deactivate the snapping on the candles. This should be rolled out around mid October. All the best and happy trading IG Community Moderator Team
  5. 5 points
    What is the EOM indicator? An indicator that highlights the relationship between price and volume and is particularly useful when assessing the strength of a trend. As implied by its name, it is used to measure the ease of movement in price. It is a volume-based oscillator that fluctuates above and below the zero line. In general, when the oscillator is above zero, the price is advancing with relative ease. When the indicator is below zero, the prices are declining with relative ease. A wide range (difference between highs and lows) on low volume implies that price movement was relatively easy, as it did not take much volume to move prices. Alternatively, a small range and large volume indicates that price movement was difficult as there was a relatively small price movement on high volumes. Other important things to remember with EOM The closer the EMV line is to zero, the less ease of movement on that specific period. The bigger the spike in the EMV line, the more ease of price movement, either positive (if above the zero line) or negative (if below the zero line). The ease of movement indicator can also be used as an average, by adding together various single-period ease of movements and dividing them by the number of periods being considered. By smoothing out the indicator over time it can be used to identify trends and areas of convergence/divergence. A graphic example Let’s review the EOM indicator by using it in a real-life example which took place at the beginning of Dec ‘18. Using the Wall Street 30 min chart we can see a correlation between the EOM indicator and subsequent market movements at the opening of the session on Monday. Looking at the chart below you can see there is a positive spike in the EOM line which holds for a few periods before it starts declining. The cause for the spike is likely to have been the bullish (but cautious) reaction to a ceasefire between the US and China on trade tariffs. This could have meant that traders were holding Wall Street pushing the price higher, however maybe not as many people bought into the rally, therefore creating a big range on low volume. To summarise: After the initial positive reaction from the markets, traders could have become more sceptic about the viability of the ceasefire, and therefore a more bearish reaction comes in to play. This increases the range as lower lows appear maintaining the EOM at a high level. As more and more traders become sceptic, highs become lower, decreasing the range, which paired with a stable volume results in a declining EOM line. As you can see from the graph, the EOM line reacts before the actual price does, as a tightening range indicates that investors are becoming more bearish, which can eventually lead to a decline in price if it sustained over a period.
  6. 5 points
    There does not seem to be any discussion about what retail traders can do in light of the ESMA rulings. I want to know if anyone can let me know a company which is not subject to the Draconian ruling. My opinion is that retail traders are being discriminated against and also are being punished for wanting to spend their money in the way they want; It seems Spfeadbetting is being classed as gambling and therefore spreadbetters are a stupid lot. EMSA really have no idea how things work in real life - they need CONTROL over people and think they know best. I am nieve I know, but I do not care - I have asked ESMA what compensation they will be paying me for the money spent on useless courses, loss of any earnings, and loss of freedom to choose. I am also taking this to the Ombudsman as I sincerely think retail traders are being grossly treated and demonised an also being discriminated against. My opinion and also other peoples opinions obviously do not matter to them. i do think this is a DRACONIAN move on their part and not well thought out at all. It seems to me that they want to be seen as 'doing something' rather than looking for a solution - they obviously think retail traders are a dumb lot and cannot think for themselves. They are supposedly doing it in the name of' PROTECTION, we know all about this as prohibition has always been a first move for people who need to show they are in control of peoples lives - there is no true caring thught here - just an if you don't like it, you will have to lump it attitude. EMSA is not a parent and retail traders are not children.
  7. 5 points
    Very much similar to the ADVFN Toplists, it would be really useful if the mobile app could give a quick top 20 risers and fallers (by points or percentage) https://uk.advfn.com/insights/toplist/LSE This is one of the first things I go to in the mornings and through the day. It could cover all LSE market, or UKX, AIM, midcap etc..?
  8. 4 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
  9. 4 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.
  10. 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.
  11. 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.
  12. 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.
  13. 4 points
    Same here, will be taking my business to selfwealth. This simply isn't what I signed up for.
  14. 4 points
    I will pass on a advise I was given, when I was starting: 1st You need time to learn. I know that sounds obvious, but in trading everybody expects direct results after starting to trade. That is a bit like buying the first tennis racket and hoping to play Wimbledon next year. 2nd You need a strategy that fits your style of live. Try to figure out how long you would like to sit in front of the trading desk. There is scalping on the 1 minute chart, there is swing trading on an end of day basis (which needs you to check charts and trades for 30 min a day) and everything between. A top 10 ATP clay court baseline specialist will lose most matches trying to perform serve and volley on hardcourt only. 3rd Combine the first 2 and add very defensive money management to learn. You said, you had a swing trade strategy lasting 2-3 days. Lets asume your average trade lasts 2 days and lets assume you would find 100 trades a year. Lets further say that for training purposes (remember, we are not here to win money but learn in the first year or two) you would risk only 0.5% of your starting bankroll per trade. That would mean 200 losing trades in a row would kill your starting bankroll (which should be a training size if you use real capital or a demo account). In the case of 100 trades per year that would mean, you are out of capital in the worst case after 2 years of training, and 200 losing trades in a row would prove the strategy is not really good as well ? These 2 years will teach you so many things about the strategy, the markets, the broker and the software you use that you only need a mentor to ask questions from time to time instead of the mentor telling you what to do. Problem is most people are ot willing to train for 2 years and so they pay a lot of money to the market while searching for short cuts that do not exist. Regards
  15. 4 points
    Trade War Relief, But How Much? Finally, some trade war respite. Or at least, what looks like relief. Following week after week of steadily escalating threats and a few decisive actions (and retaliations) along the way, there was finally a joint statement of agreement between key global leaders. Following their meeting in Washington DC, US President Donald Trump and European Union President Jean Claude-Juncker issued a statement of success this past Wednesday. Any pause in this quickly ballooning threat to the global economic and financial order is welcome, but that doesn’t mean we should accept the event at face value. Did this summit result in a legitimate course correction for the growing destructive force was the press conference a political event designed to allow both leaders to claim a victory for their constituents? To evaluate that, we need to consider the terms. There was a commitment made by the EU to purchase more US-produced soybeans and natural gas. That seems encouraging at first blush, but pressing individual members to increase consumption is not reasonable. Vows to continue working towards solutions to the metals tariffs and avoiding tax on autos along with the suggestion that they would work together towards ‘zero tariffs’ is likely more enthusiasm than a plan of action. Not everything was a means to score political point. The agreement not to introduce new tariffs so long as they were negotiating is material as it curbs fear of an impending 20 percent tariff on European autos by the US and the $300 billion retaliation threatened by the EU. This glad-handing may be lacking for tangible action, but it can help curb fears of imminent escalation. That said, general capital market benchmarks – such as US equity indices – seemed little perturbed by actual progress in the economic fight these past few months. Let’s hope that aloofness and the fresh optimism holds moving forward, because this theme has not likely hit its crest. The largest threats have been made by the US against China. The Trump administration is likely putting tension on other fronts besides China as a means to amplify the leverage on this economic powerhouse. When the US eases back against developed world counterparts like EU, perhaps they expect those countries to ingratiate themselves to the US and head off critique for their handling of relationships with China. Don’t expect trade wars to truly be on the decline – much less resolved – with last week’s developments. Fed, BoE and BoJ Rate Decisions for Individual and Collective Influence The ECB rate decision this past week didn’t earn the Euro much in the way of productive volatility. Compare that to the speculation it drove – much to the central bank’s chagrin – throughout 2017. For many traders, that makes it an event to disregard. However, market participants would be wise to keep tabs on these fundamental themes for both their longer term influence on the target currency over the coming weeks and months; but it is arguably even more important to account for such events collective sway over more systemic matters like the inextricable link between global monetary policy and risk trends. It would be wise to consider these larger concerns through the week ahead as we wade into a run of central bank decisions. On tap, we have five large central bank rate decision, but only three of them are ‘majors’. The greatest weight will be hefted by the Federal Reserve. In monetary policy terms, everything about this meeting will be well fleshed out by speculators. Through exceptionally transparent forward guidance, we know the group expects to hike four times this year and that they have operated ‘on the quarters’. This meeting is out of sync for that trend. The real interest is the language used to either maintain path to a September rate hike or to start pulling back from it. Furthermore, there will be some degree of interest to see if the Fed replies to the President’s critique of policy and the currency – though that may be more appropriate for individual members’ reflections. Meanwhile, the Bank of England’s (BoE) Super Thursday meeting is expected to deliver a hike (77% chance according to swaps) and the Quarterly Inflation report. This is the most action-oriented event, but it will compete with Brexit for Sterling momentum and scaling up to global risk trends is not something this group’s policies have been capable of in this cycle. Finally, the Bank of Japan will no doubt keep its rates in place and the size of its stimulus program untouched. However, last week, reports surfaced that the group was discussing changing its stimulus approach to make it more ‘sustainable’. It is unclear exactly what that would entail, but given they are already at an extreme, it was read as a ‘hawkish’ shift. While these events can generate movement in their own currencies and local capital markets, do not underestimate the malleability of global risk trends under monetary policy. Years of excessive (extended well beyond the needs to stabilize growth and past the point of proving it would not readily translate into desired inflation) monetary policy has inflated market levels. It won’t be the wholesale withdrawal of stimulus across the board that will prompt sentiment rebalance but rather the anticipation normally associated to risk trends. FANG Has Set Up Apple as a More Important Capital Market Driver Earnings season has been mixed in the US thus far, but more important than the report of corporate numbers each trading session is the shift in bias surrounding these updates. There is considerable amount of ‘fudge’ room in reporting quarterly figures due to the dubious accounting allowances in GAAP (I obviously am not a fan). Yet, the details in questionable figures can be played up or played down depending on what the audience is willing to tolerate – or is actively seeking. With benchmark US indices struggling to regain the remarkably progress of 2017, sentiment has notably shifted towards earnings. No longer are the impressive elements of comprehensive reports amplified and the disappointing downplayed. The shortcomings are starting to be interpreted more readily in the general shortcomings that are more apparent in other areas of the economy. It is against this backdrop that we have had a troubled quarter from the concentrated speculative leader in the FANG. For those not familiar, it is an acronym of Facebook, Amazon, Netflix and Google – some of the largest and fasting growing market cap stocks in the world. The fact that they are also tech, which is the sector that has outperformed in US markets; and US equities which have outpaced most other liquid ‘risk’ benchmarks speaks to the concentration. As important as this group is, there support is starting to turn to borderline burden. Where Google and Amazon’s figures were positive (though they came with very clear caveats in fines and income), the Netflix and Facebook reporting were outright pained. The former dropped while the latter collapsed from record high to official bear market in a day. Given what the FANG represents, the market has paid closer attention to the state of earnings and perhaps the bias that has been applied here so consistently. How to settle a 50/50 split in the FANG updates and the plateau established in the group’s price indexing? Add an ‘A’. Due Tuesday after the bell, Apple’s earnings will tap into key US tech firms and it has its own innate amplitude as the world’s largest market cap stock. It will be important whether it beats or misses, but even more crucial is how the market treats a better or worse outcome than expected. This event can carry far more weight than just the immediate reaction for AAPL shares.
  16. 4 points
    ING's cut out and keep crib sheet for today's ECB presser.
  17. 4 points
    So Much Risk, Status Quo is an Improvement In individual trading sessions or entire weeks where there is an overwhelming amount of important, scheduled event risk; we often find the market frozen with concern of imminent volatility. Even as a remarkable surprise prints on the docket early in the week, the impact it generates is often truncated by the concern that the subsequent release can generate just as much shock value but in the opposite direction. Many opportunities have been spoiled by such situations. Yet, what happens if we face the same situation on a grander scale? What if the threats are thematic, global and frequently lacking a specific time frame? We are facing just such a scenario now. The most troublesome subject is the unpredictable winds from the global trade wars. For influence, this is a systemic threat as the economic pain will inevitably come to a head. If we had an end date to work with, there would be a more decisive risk aversion, but it is the uncertainty of pacing that leaves the markets to drift with anxiety. Most critical updates in this ‘war’ have come out of the blue in the form of a tweet from US President Donald Trump. Add to this fully capable theme conflicting – though less capricious – matters, and there is just enough sense of opportunity in short-term efforts to keep bulls clinging to hope. Monetary policy, new and failing economic relationships, corporate earnings and more can fill in between shocks of new tariff threats. Though, if we came to a scenario of a universal dovish shift in central banks (or any other theme for that matter), would it be enough to offset the blight to global growth from trade wars? Not likely. Any Whiff of Fed Worry and a Dollar with Everything to Lose I weighed out my theory last week that Fed policy can only disappoint moving forward. That is not to say it can maintain a sense of status quo – it certainly can. However, the genuine opportunities for this central bank to ‘surprise in favor of the bulls’ is so improbable as to be impractical. It has already established a pace remarkably aggressive relative to counterparts. If conditions continue to support growth and optimism, it would lead other central banks onto a path to close the gap with the Fed. If economic and financial health floundered, the Fed would in turn have to ease its pace. This past week, the CPI data gave quantitative support for the status quo – though not any material Dollar lift. The Fed’s monetary policy update to Congress on the other hand laced its confidence on the economic outlook with modest concern over the fallout from trade wars while a separate report suggested the tax cuts would have less positive effect on the economy than previously anticipated. You can bet Fed Chairman Jerome Powell will have to address questions on both fronts when he testifies before the Senate Wednesday in the semi-annual Humphrey-Hawkins testimony. There are many Congressmen and –women from both parties who have called out the President’s aggressive position on trade as self-defeating. Powell will want to avoid triggering market fears (avoiding volatility is a third, unspoken mandate of the central bank), but the lawmakers will push the topic whether to illustrate the damage they fear or to earn political points. If he admits growth is at risk from the advance of trade wars, it would signal to the market that the pacing already baked in is less stable than what is presumed, and the passive premium behind the dollar may start to bleed off. China Data Run and Data Questions China is in a very difficult position. It is attempting to transition itself from methods of growth that are impossible to maintain over the long term without inadvertently causing disastrous instability. To successfully make this ‘evolution’ to an economy primarily supported by domestic consumption, stable capital markets and a wealthier population (rather than leveraged financing and questionable export policies), the government requires a remarkable amount of stability. The healthy risk appetite and moderate growth registered for the global economy over the past five years was the perfect environment upon which to pursue this effort. That is especially true because the Chinese data that already draws a fair amount of skepticism from the rest of the world would look like an unlikely idyllic steering for the economy – a pace that could be dubiously attributed to the general environment. Now, however, that gentle landing has been disrupted by the aggression from the United States. The drive to escalate trade wars threatens not just the important trade between to two countries, it risks pushing disbelief over China’s statistics to the breaking point. Though they would not likely show serious pressure in any area of the economy or financial system that they control, markets have grown adept at reading between the official lines when it comes to China. Spurring fears of a ‘hard landing’ for the world’s second largest economy could spur capital flight as foreign investors look to repatriate and nationals attempt to slip through controls to diversify their exposure. It should be said that if there is a crisis in China, it will spread to the rest of the world; but some may be happy if China were permanently put off the path to securing its position as the antipodean super power to the US. It is this big picture landscape that we must keep in mind as the important data of the coming week – China 2Q GDP, fixed investment, surveyed jobless rate, retail sales and foreign direct investment – crosses the wires with unsurprisingly little impact on the controlled USDCNH exchange rate. Any questions, just ask.John Kicklighter
  18. 4 points
    This blog post is to update everyone of the themes that DailyFX expects to focus on in the week ahead. Given the focus of previous weeks, the backdrop market conditions and the event risk ahead; the three topics below will be particularly important in our coverage. Risk trends amid trade wars If you somehow were in doubt that trade wars were already underway, the enactment of reciprocal $34 billion tariffs by the United States and China on each other this past week should banish that disbelief. For much of the world, the score is one whereby the US has triggered an opening import tax on the world’s second largest economy for what it perceives as intellectual property theft, and China has retaliated in kind. From the Trump administration’s perspective, the actions are a long overdue move to balance decades of unfair trade practices. Both feel they are reacting rather than instigating which gives both sides a sense of righteousness that can sustain escalating reprisals. Yet, as discussed previously, this is not the first move in the economic engagement. The United States’ metals tariffs was the first outright move that came without the pretense of operating through WTO channels. And, in a speculative market where the future is factored into current market price; the unilateral and extraordinary threats should be considered the actual start. The anticipation of a curb on global growth and capital flow very likely was a contributing factor to the stalled speculative reach and increased volatility over the past three months. Yet, markets have not collapsed under the fear of an economic stall with values pushing unreasonable heights. Perhaps this market simply needs to see the actual evidence of fallout before it starts moving to protect itself. This past week, the midnight cue for the tariffs notably didn’t send capital markets stumbling. In fact, the major US indices all advanced through Friday’s session. Blissful ignorance can last for ‘a little longer’, but blatant disregard for overt risks on a further reach for yield is hoping for too much. A Brexit breakthrough…to the next obstacle Heading into a full cabinet meeting this past Friday, headlines leveraged serious worries that UK Prime Minister Theresa May would find herself moving further into a corner on a split Brexit view from which she would no longer be able to escape a confidence vote checkmate. Yet, the reported rebel ministers that were pushing for a more stringent position on trade and market access in the divorce procedures seemingly relented. May was free to pursue a ‘free trade area for goods’ with close customs ties (though bank access would be restricted somewhat). From the market’s perspective, this is a tangible improvement in the general situation as it removes at least one level of ambiguity in a very complicated web. The foundation of ‘risk’ – as I’m fond to reiterate – is the uncertainty of future returns. If your investment is 95% likely to yield a given return, there is little risk involved. On the other hand, if that return is only 10% (regardless of how large it may be) there is a high risk associated. The same evaluation of this amorphous event applies. With the UK government on the same page in its return to the negotiation table, there is measurably less uncertainty. That said, this was only an agreement from one side of the discussion; and the EU has little incentive to give particularly favorable terms which would encourage other members to start their own withdrawal procedures. Furthermore, there is still a considerable range of issues for which the government and parliament are still at odds. If you are interested in the Pound, consider what is feasible for any bullish exposure with the cloud cover of uncertainty edging down from 100% to 90%. Fed monetary policy can only disappoint from here We don’t have a FOMC meeting scheduled for this coming week; but in some ways, what is on the docket may have greater sway over monetary policy speculation. The US central bank has maintained a policy of extreme transparency, going so far as to nourish speculation for rate hikes through their own forecasts and falling just short of pre-committing. They cannot pre-commit to a definitive path for policy because they must maintain the ability to respond to sudden changes in the economic and financial backdrop. And, making a sudden change from a vowed move will trigger the exact volatility the policy authority is committed to avoiding. Yet, how significant is the difference between an explicit vow on future monetary policy and a very heavy allusion in an effort at ‘transparency’. The markets adapt to the availability of evidence for our course and fill in with whatever gaps there are with speculation. This level of openness by the Fed sets a dangerous level of certainty in the markets. With that said, what is the course that we could feasibly take from here? Is it probable that the rate forecast continues to rise from here – further broadening the gap between the Fed and other central banks? That is what is likely necessary to earn the Dollar or US equities greater relative value given its current favorable standing isn’t earning further gains. More likely, the outlook for the Fed will cool whether that be due to the US closing in on its perceived neutral rate, economic conditions cooling amid trade wars or the increasing volatility of the financial markets jeopardizing onerous yields. Where the Dollar may have underperformed given the Fed’s policy drive in 2017, it still carries a premium which can deflate as their outlook fades. This puts the upcoming June US CPI reading and the Fed’s monetary policy update for Congress in a different light. All of this said, this is not the only fundamental theme at play when it comes to the Dollar. There is trade wars, reserve diversification and general risk trends. Interestingly enough, all of those carry the same skew when it comes to the potential for impact. Any questions, just ask. John Kicklighter
  19. 4 points
    A trading forum and help and support network for IG clients Over the last few months we have been working on a new layout for your Community, as well as adding greater functionality and new content areas. Today is the 'go live' date and we hope you like what you see. Have a browse, and if you have any feedback or suggestions please add a comment below. Maybe take this opportunity to make your first Community post if you haven't already? This purpose of this forum is for like-minded clients to share trade ideas and discuss market opportunities, ask questions, and provide help and support to others. Learn strategies and trade ideas from experienced traders Give tips to the Community and share your market knowledge Perfect your trading by discussing ideas with others Get the most out of IG and ask the Community anything regarding trading or IG Anyone can browse the trading forum, but you will need a live IG account to post or interact on Community. If you're new to Community and looking for a first step maybe check out the forum, or have a once over of our Community tutorials. We're also curious for any feedback you may have, so add a comment below to have your voice heard. We're always looking to improve our offering based on what traders want - so let us know! We migrated the old forum (and added some new features) We have migrated over all the posts, likes, 'kudos' and private messages from the previous version of the forum, as well as integrated the Community login with the wider IG eco system so you can enjoy a seamless digital experience between the platform and forum. You should be able to see all your previously posted content under the same Community username as you currently use. New content areas... Blogs: We have three blogs which we will be updated periodically. Market News - Daily morning briefings, index dividend adjustments, and one off articles IG Product Updates - A place to let you know about all the things we roll out IG Community Blog - Competitions, 'Ask the Expert' series, and Community updates Calendar: A way for discussion to be relevant and anchored to a specific date / time / macro event Our Picks: A hand picked showcase of the best IG Community has to offer. If individual client forum posts or comments get a significant number of upvotes then they may also be featured More to be rolled out shortly! ...and a few new features. Activity streams: If you're logged in you'll notice you can easily browse things such as 'unread' or 'followed' content. You can save individual search streams so they're available for the next time you log in Advanced search: An updated and intuitive search functionality Leaderboard: The Leaderboard keeps track of the hottest content and best users each day based on reputation received. You'll increase your chances of getting on here if you post more, receive more likes, and help others Community Profile: Your space in Community. Check yours out by clicking on your username in the top right hand corner Access IG Community - anytime, anywhere IG Community will be up 24 hours a day, 7 days a week. The easiest way to access IG Community is using the top right hand 'Help' drop down in the dealing platform, but you can also access via our mobile apps (look under the help and support section - try it now), or by simply going to community.ig.com This initial rollout is only phase one of 'the big Community plan', and we'd love to hear your feedback. What do you like? What would you change if you had the chance? What new areas would you like to see? Let us know using the comments section below. Happy chatting IG Community Moderator Team
  20. 3 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.
  21. 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.
  22. 3 points
    Hi, It's great to see this new way to trade (bet on) the markets with reduced margin (akin to pre-ESMA leverage restrictions). I'm sure many will find this a useful feature, however, as an intraday trader, my stops are significantly closer to my entry price than the knock-out levels available. Take EUR/USD for example; a typical stop for me would be 10-15 points, whereas the closest knock-out level available is over 120 points away. So I wouldn't be able to take advantage of them without taking on unacceptable risk with a considerably negative risk-reward ratio. Are there any plans for closer knock-out levels suitable for intraday positions? Ideally in increments of 1 instead of 10, or even user-defined levels.
  23. 3 points
    Useful educational piece on the different types of orders from Dailyfx using IG's deal and order tickets. https://www.dailyfx.com/forex/education/trading_tips/daily_trading_lesson/2019/02/21/forex-order-types.html
  24. 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.
  25. 3 points
    In this article I will go through a quick set of criteria, build a filter and see what comes out the other end. With the FTSE100 at all time highs, let’s look through that selection (the UK 100 stocks) and try and find potential trade opportunities. The overall index has moved up over the preceding months but how does that resonate with particular stocks. Which have been left behind, and Can we find any hidden gems that may be worth further inspection? To help answer these questions we will use IG’s own tools designed to help investors filter through the vast population of stocks and hone in on those that meet a set of criteria: Data mining. From the classic IG trading platform, go to the ‘Research’ button and click on Market Screener (or simply click on this link for our market screener), a new tab will open. From here the first thing I have done is clicked ‘Reset’ to clear any pre-existing filters: we have a blank canvas now. Scroll down to the bottom of the list and you will see there are 10+ pages of stocks, this is too many to review, so let’s focus on refining that list. From the left-hand-side I selected the group we are interested in. In this piece I want to look at those within the overall 100 index. So I click this selector on the left-hand side under ‘Index’ – the screener tells us we have limited to 102 stocks (not sure why its 102, I’d expect 100, but its close enough for now) Now let’s dig a bit deeper. I am looking for those unloved stocks that have not benefited from the moves encountered by the FTSE over the last month or so. We click ‘Select Fundamentals’. First thing we’ll add is a screen to identify shares that have not moved positively in price over the last two or so months. This suggests they have not moved in step with the index through November and December '17. So I select the criteria shown We use the tolerance sliders to set our criteria. I want to select shares that have not realised good gains over the last 13 weeks – I set my maximum to 5% (gain) and minimum to -15% (suggests share has actually fallen in price) I am also going to retrieve shares that have a lowly PE rating. With the Cyclically Adjusted PE (CAPE) now standing above 30 (source: SCSW Jan-18) setting our PE ratio threshold to a maximum of 13 means we are excluding the highly rated stocks that are up on a par with the CAPE, and looking for those that are less favourably rated. Same again, 'Select fundamentals' and pick our criteria... Lastly, I want to obtain some form of 'comfort' in the stock I am buying. We can add in the ratio Price/Tangible Book, and this at least gives us the certainly that the stocks will be backed by some form of physical asset (store, stock, merchandise, fittings, cash etc) There is no hard-and-fast rule here, but let’s set the maximum slider to 2.5 = that is to say the stocks we are screening for will have a share price that is no more than 2.5 x tangible assets per share. The lower this value, the nearer the shares are in comparison to their book value (the assets as recognised on the balance sheet) Right, let’s recap. We know the FTSE 100 is at an all time high, or thereabouts We know CAPE sits above 30 (read this as average PE of 30 across the market) We are looking for FTSE100 shares that have not risen in step with the FTSE index over the 2017 Christmas period- as we hope there will be some anomalies We are looking for lowly rated shares – those not trading on high multiples, and certainly less than CAPE Also we want some kind of asset backed security, so will ensure the shares are no more expensive than 2.5x the tangible asset value. Our results are below. We get 7 shares returned from this screen: MKS SBRY UU. BDEV 3i. SSE LGEN Interestingly, I have positions in two of these shares already and am betting exactly that the shares are under-rated and due a positive correction in the near term. We also talked about LGEN in another thread, where our contributor, has an interest Of these 7 there are a few things to note: MKS is down 10% over the prior 13 weeks SBRY is strongly asset backed at only 0.86 of its tangible asset value Both 3i and SSE are on strikingly low PE ratios I think this provides an opportunity for further investor research: What PE ratios do the competitors of 3i and SSE trade on, is there a sector anomaly that could be exploited? Is MKS set for an easy 10% gain in the coming weeks (results imminent for Christmas period) Is SBRY offering a quick 15% trade whilst its share price is selling for less than the per share asset backing? Let me know any thoughts you might have – again, this is not advice but a chance to look into some techniques for valuing unloved shares and potentially exploiting anomalies in solid FTSE100 companies.. Is this useful? What would you do differently? We could follow this on and look at mining for solid dividends another time..
  26. 3 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.
  27. 3 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.
  28. 3 points
    "We are replacing our inactivity fee on share trading accounts with a quarterly $50 subscription fee." Well time to move my shares to commsec thanks for the cheaper trade buys but im HODLing
  29. 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!
  30. 3 points
    @Nelsy-Boy, This is a very good question and thread topic. Most traders do not even realise that to be truly profitable over a period of time then one needs an 'Edge'. Many do not have an 'Edge'. In very basic and simple terms if you are making more losses than profits year on year then the chances are highly likely that as a trader you do not have an 'Edge'. Only a few traders make more profits than losses year on year. But an 'Edge' is more than that. It allows you to have a better chance than the other traders at being involved in those trade opportunities where you can make more significant and larger profits. An 'Edge' is not necessarily trading one asset class very well, especially when there are other asset classes which could have made you more profit. In my personal opinion, one must have a trading plan and trading strategy first and foremost before even attempting to gain an 'Edge'. Those who do not have this simply have very little chance in obtaining an 'Edge'. Once you have established a trading plan and trading strategy one needs to have a system in place where you trade according to rules that will give you a better chance than the majority of other traders in profiting from a particular trade. If you follow what the books advise and all the other readers do the same and trade in a similar manner then the 'Edge' is no longer an 'Edge'. One must trade differently to the majority of the traders. It is about effectively identifying potential trades and the asset class they represent effectively. It is about trading both 'long and short'. It is about the rules used to enter and exit a trade. Even if a trader has an 'Edge' it does not mean they will be 100% successful or profitable. It is merely increasing the odds of being successful in a trade and increase the probability in their favour of doing so. It does not guarantee 100% profitable trades. Nor can you simply go into a shop and purchase an 'Edge'. It takes a lot of time, effort, research and rule testing within a trading system to even come close to obtaining an 'Edge'. My understanding is a trading edge is when a trader can successfully identity those assets within various markets that will simply give them a higher probability of a profitable trade. This could be when certain assets are trending and trading with that trend. It is about increasing the chances of that trade being profitable than it not being profitable. Having an 'Edge' could allow a trader to actually identify when the particular asset is trending and then trading those trends in the direction of the trend and certainly not against it. For me a trading 'Edge' is all about statistics and actually having a statistical edge hence why I am discussing probabilities. It is about identifying and then selecting those trades which have a higher probability of success. This is a lot harder than it sounds. The majority of traders will have no 'Edge' and will simply participate in more losing trades than winning trades or merely find reasons not to trade or present reasons not to consider certain assets and markets. For example there has been a fantastic opportunity to identify a strong downtrend in Cryptocurrencies. For those traders that truly have an 'Edge' they would have shorted Cryptocurrencies regardless of their beliefs on the asset class. They would have taken the opportunity to profit based on the price action and ignored 'experts', 'market noise' and profited when others simply found reasons not to enter the trades. An 'Edge' is important but the truth is the majority of traders will not have one. That should not mean one should stop trading. Many traders can go a lifetime and never find an 'Edge'. @Nelsy-Boy, you kind of go towards answering your own question. Those traders who are truly successful and profitable over their lifetime will have some sort of 'Edge' which means they enter and exit trades differently to the 'crowd' which is also profitable. If a trader knows that other traders or majority of are going to follow 'Elliot Wave Theory' then the big Hedge Funds and Investment Banks could devise a strategy to take advantage and profit from this behaviour. This could be their 'Edge' as they would make profits based on behaviour of the majority of traders following text book theory. These are just my personal thoughts so I please urge members of the IG Community not to take any offence.
  31. 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
  32. 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,
  33. 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.
  34. 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.
  35. 3 points
    eek! Exciting.. I hold ITV Let's see where the story goes...
  36. 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.
  37. 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.
  38. 3 points
    It’s certainly a bit of getting used to on these knock outs! It’s a new product and altho I know and can get my head around regular options this new knock out does take a little getting used to!! Keep at it @Tancredi and yeh - practice makes perfect. I don’t know about anyone else but I think I’d be keen on some knock out videos and strategy? I know for those who trade it may be easy but I think others (and me ) would find it useful ??
  39. 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.
  40. 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!
  41. 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.
  42. 3 points
    had it tonight with homegrown tomatoes ?
  43. 3 points
    all your positions are in the same stock, therefore the way I see it, it makes no difference what you do: the net result is the same. If you close all the positive positions (blue) then you will just be left with losing positions., that may recover with time. If you close all your negative positions then you cristalyse the loss in them but keep your positive positions, but lose the benefit of any gains made in the negative positions. To me this doesn't make sense. If you are willing to close some then (because its the same stock) it makes no difference which you close, you are only reducing your exposure slightly to this stock. Your loss is choking your account though, so perhaps some reduction in exposure to this stock is necessary. As to which you close out, unless I am seeing things wrong, it makes little difference.
  44. 3 points
    Meant to be 12:00 BST (14:00 Ankara). As an FYI, we've gone much wider on minimum non-gs stop distances (to prevent you opening and being closed immediately by spread). Mkt spreads were exceptionally wide this morning, I expect the same throughout any speeches/ press releases. Underlying TRY tom-next mid has also rallied 15.67% to just under 30 pts. This will likely mean it's very expensive to hold Lira shorts overnight, so please consider this going forward. You can see a (slightly delayed) indication in your watch-list.
  45. 3 points
    TURKISH LIRA DROPS 13.5% TO 6.30 VERSUS THE DOLLAR - will post more when possible, be careful- huge vol. spike this AM
  46. 3 points
    Hey @JoceHockings @blobface (great name) and @PandaFace I have just had a word with our Corp Actions team on this and they have confirmed it is a relatively complex and difficult question to answer. Each private company has a number of different rules and regulations which are relatively unique to each one - it's very tough to speculate on these things prior to the official 'documentation' coming out. They are just looking into the specifics of this and when I have a firmer understanding I'll of course post back here. One thing which is worth noting is that generally for a stock to be ISA eligible requires that it is traded on a centrally located exchange. Privatisation would have an impact on this, and therefore it may not be possible to contain within the ISA wrapper. On a personal note, and this is purely my opinion, this could just be Musk shooting from the hip. Granted he has done this before (anyone remember the Boring Company tweets?) but still... Again, i'll update accordingly. Apologies for no real clarity in this answer at present.
  47. 3 points
    Hi @cryptotrader; https://www.ig.com/uk/help-and-support/spread-betting-and-cfds/fees-and-charges/what-are-igs-indices-mt4-product-details https://www.financemagnates.com/forex/brokers/us-expansion-and-offshore-clients-3-key-points-in-ig-groups-annual-report/
  48. 3 points
    My previous article looked at potential screening opportunities the stocks that had underperformed the FTSE 100. This article will also look at IGs market screening tool and attempt to come up with some ideas the stocks that could be bought on the basis of the dividend they offer. It seems a good time to at least begin starting to look at stocks that pay a good dividends (begin creating a Watchlist maybe?) but crucially stocks that also seem capable of continuing to pay that dividend. The reason for this article is the markets have been a bit turbulent lately: there are various geopolitical events on the horizon (which could trigger panic in the market) but also because with stocks trading near all-time highs it may be more prudent to look for stocks that pay in income (dividend) rather than stocks for future the growth potential. And lastly the previous stock market crash was 10 years ago. That in itself is not a sign of doom, but history repeats, eventually. ? The first thing we will do is open up IG's screening tool. We can access this from the website, IG analysis > market screener. The first thing I always do when playing with filters is hit the Reset button to remove any criteria that may have been remembered from earlier sessions. This gives a clean slate- so we will now start to build our filter. On this occasion let's look at some of the largest stocks on the London stock exchange. (Reason? these giants are partially shielded from UK economic fortunes , as they derive a lot of income from overseas, typically. but also they tend to be mature and stable, which in itself lends to steady earnings and hence dividends) The first thing we will do is refine selection to both the FTSE 100 companies and also include the mid caps - the FTSE 250. Now take a moment to download and read this interesting document I found online https://www.schroders.com/pl/sysglobalassets/digital/insights/2017/pdf/seven-year-asset-class-forecast-returns-2017-update.pdf Using this, we can easily look into Schroders predictions on expected returns of various asset classes in the future. Useful reading for anyone in the markets. As you see from the summary table on page 2, this shows why it is not wise to hold just cash, because although interest rates are expected to average 1.3% this gets eroded by inflation (the increase cost of living) which is (expected to) rise at a greater rate than interest rates, given Cash an expected return of -1% Now let's look at equities, focusing in on the UK equity markets quoted GBP. Schroders expects over the next seven years stocks will return 5.4%. Subtract inflation (exactly the same as cash at 2.4% obviously) so this gives a net return of 3% expected over the next seven years on UK equity. Why are we doing this? well we can use this information to give us a benchmark for what we want screening to return as we look to beat the overall markets… otherwise if we're happy with 3% we may as well simply put money into an ETF or index tracker. Therefore our next criteria will be to filter the stocks in our selection based upon the expected dividend yield. Will set this at 4% as that will outshine the expected market return by 1% minimum. we will also add in another criteria that indicates financial strength by adding the Current Ratio. The current ratio exists to indicate if a company has sufficient liquidity to pay off any short-term liabilities For example if *notional company* has current assets(cash & equivalents) on its balance sheet of £100 and its current liabilities(short term monies owed) are £100 also the current ratio returns would be 1 = current assets (100) divided by current liabilities (100) We want to look for a current ratio of at least 1.5, that is to say current assets exceed current liabilities by 50% this serves to give us some comfort that the company is unlikely to experience issues in paying down its near-term liabilities. And conversely increased confidence the dividend can be paid. Let's add two more criteria for the filter: the dividend per share in cash terms and the most recent earnings per share - we will use these to provide some kind of comparison. Set the Earnings per share minimum to 0.1. This means a positive value is required so any companies with negative eps in the last reporting period will now be excluded. The filter returns 16 stocks, four in the FTSE 100 and 12 in the FTSE 250. This seems like a manageable amount to work with the further research. From here you can exclude companies in industries that you don't do not want to pursue if you wanted to narrow down the search further. Perhaps first sort by Dividend yield column first by clicking on that column header. The next thing I would do is look down the two right-hand most columns those being EPS and dividend per share and I would look to identify for the situations where reported earnings are significantly greater than the dividend. This provides some level of comfort that the profits of the company retains are sufficient to honour the dividend expected. You may want to go even further and look at the level of dividend cover feature of the shortlisted companies by doing some more research on their website or on the IG platform but we can quickly skim over our 18 results and see that some are more appealing than others in this respect four example Henderson group has a dividend and eps at parity so for me this is probably a sign to eliminate it, or at least do much more research. As per the current ratio I would look for dividend cover about 1.5 to 2 times. EG EPS is approx. 50% more than the dividend payout. This is a quick glimpse of looking into some companies that may be suitable to invest our money is if the markets starter gets a bit shaky. At least there will be some certainty of regular income informant dividend payments which as we have shown is far greater than holding cash. This is not investment advice just an expression of ideas, let me know your thoughts. I recognise it is quite simple, but equally it is rules based so gives us a platform to make further choices and conduct more research. There is a lot more we could do, time permitting. It is probably worth running something like this monthly, as the results will change as reporting is released, and you can pick the best for more research or to go into a Watchlist. Cheers, rimmy2000
  49. 3 points
    Thanks for the useful additions to the already excellent charts. Any likelihood of OCO trades in the not too distant future?
  50. 3 points
    Hi OSCARDAX What you describe above re PRT sending an email is to be released very very soon. It may even be in your Live Platform right now ... see attached. Cheers GraHal
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