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Showing content with the highest reputation since 07/08/20 in all areas

  1. 5 points
    Development needs for Share Dealing and ISA Accounts: - 1. A low-cost Dividend Reinvestment facility is a must - this will have huge benefits for IG as, with your commission structure, I'm confident you would attract more long-term investors by offering a DRIP facility 2. Please include all costs in the positions window (i.e. commission plus stamp duty) so that average price and profit/loss figures are accurate 3. Please improve your help desk and phone availability - responses are extremely slow or with the help desk email sometimes non-existent, which reflects very badly on IG and suggests your investors are much lower priority than higher value margin clients
  2. 4 points
    I thought i summarize my experience so far day trading in case any newer folks are interested Day trading is much harder than swing trading and especially at those lower time frames. From 100+ day trades so far I am certainly no expert and I like being honest, I am on average losing but I learnt a lot. My thoughts so far are: 1. Forget 95% of youtube, it's full of turds just trying to market courses, **** out their channel. Same with forums, no matter what topic it is (fitness, languages), a lot of people lie their asses off and pretend they are experts but in fact know jackshit about it. Even the supposedly guru's are full of sh@t. For example the guy who wrote that best seller "Trading for a living", Dr Elder. He came up with his own "impulse system" and brags about it. It just MACD and Moving average, nothing more . Aslo on their own private forum (which I was on for $60 a month) the group consistently underperform the S&P and even their best Gold start traders barely out perform it. Everytime you asked a question you got told, "buy this extra course for $100's Its the same with Anton Kreil, $15k for a course? I have no idea if he is good or not but its seems to me that it's the easiest thing in the world to prove your validity. Publish your trading accounts, get them audited by an auditor, show tax statements, do live streaming etc If I was building a business as a trainer that's what I would do. 2. Having said that there is a lot of useful information that if you look at it objectively it can be great advice. Keep a word document and write down your own points. Ignore every cherry picked chart they show you (apart from the educational content), use your own, scroll back a 500/1000 bars and then start looking at the extreme right hand bar, moving forwards bar by bar and ask yourself "ok what will I do here", you will soon find out that even if you got the direction right, spreads, commissions, trend reversed too quickly, stops etc killed it . It will paint a very different picture than what youtube baseball-wearing-cap-on-backwards hipster is telling you. 3. Day trading is a job, not a hobby and a difficult one, you need to put in the hours, research, do your homework, keep a trade journal take notes and analyze what you have done etc 4. You are essentially trying to make cash like flipping a coin over the long run with one side weighted in your favour. 5. Forget working on hunches or "I think the stock price will go up / down" You are doomed to failure. A proper system is the only way 6. Risk Management is the most important concept by far in my view. The generally advice is never risk more that 1 - 2% on a trade. I personally think that is too much . I would keep it at 0.5% max until you work what you are doing. 8 losing trades in a row at 1-2% and it starts to hurt and self doubt really creeps in. 7. Demo always seems like a good idea but in reality it never worked for me. I put on trades forget about them, have no psychological connection to wins / losses. You need to use real money, even if it's just the bare minimum to see those losing ££ . I have put on 4 trades over last few days.All 4 were up 2 x Risk but because I am a total **** I didn't cash out and all hit stops resulting in 4 losses. It was only £80 between all 4 but the fact I got greedy (yet again!) annoys me 8. If your profitable with a year you're lucky. My aim is to just break even by christmas to see if I can sustain a modest living in this. I have income from other sources anyway. 9. The reality is that its a heck of a difficult job to make money day trading., Brokers like IG, and all the others make money by continual flow of clients coming in losing cash and eventually leave, hence the large marketing. I don't blame them, it's a business model, not a hippy self help group, but just be realistic. 10. Most news, ideas is **** and pointless. I worked in investment banking on the trading floor for 15+ years. Every Monday we had to come up with a trade idea for clients , Derivatives / inflation, bonds, 90% of them were sh@t, I know I wrote them, we just had to do something. It's the same with market news, broker webinars etc, trading channels / ideas etc, the staff are tasked to do something. More noise, more videos, more website hits, more trades = more commissions / sales. 11. Don't jump around from stock to stock, to FX, to crypto. I believe if you are not making money in two or three the problem is you, not the asset. They all have their own personalities, e.g. Coca cola barely moves, Tech stocks jittery as hell, respond to news, others hardly at all, so you need to spend sufficient time on see what influences what. 12. as above, don’t jump around with different trading strategies, 200 different indicators etc. You need to limit all the moving parts and focus 13. Best way I found to improve, (so far) , For every trade, I immediately write down why I entered the trade (note 5) , for example Long MA Strategy (a) Rising 200MA (b) Rising 20MA , (c) 20MA crosses over 200MA (d) price near 20MA seems like a winner on paper but I still kept getting stopped out. Then afterwards write down what happened, e.g. after the trade exit I put screen shots of 3 time frames (daily hourly / 15min) into a PowerPoint and detailed where I went wrong. Several things became clear such as - 2min charts was pointless, you would never make the spread back - The risk / reward (1:2) was to high, a 1:1.2 would have paid off > 50% of the time . - I was fannying around with stops, for no reason. etc - I'm putting on trades because I'm retarded, e.g. long trade, on a bearish trend in larger time frame The point being, you start to learn about your technique and they way you trade which no book can possibly know. Heck it's boring but I am starting to see patterns about the way I trade (= c@ck up). The best traders I saw in banks were the OCD ones. The wannabe Burberry wearing chavs all got pushed out or sent to Starbucks to pick up the coffee The million dollar question: can you make money? At this stage, I am still undecided. I think there is light at the end of the tunnel but its going to require work, a plan and mental commitment for sure. Anyway, long post but hope it's useful for some folks (apologies for the obscenities!)
  3. 3 points
    can be more than 10 times in a row for me..almost feels like the market is just looking at what I am doing and going opposite of me. It also makes me feel like I would do better trading with my eyes closed at times...
  4. 3 points
    I believe that it's better to get the basics right first, so in order of importance: 1. Fix your charts please (those bizarre spikes up and down not seen at any other broker, as well as those empty spaces on charts for Sat/Sun, see example of your own chart below with 2-bars wide empty spaces between each Friday and Monday) 2. Trailing stop loss on ISA/sharedealing account 3. Volume moving average 4. P/L and P/L %age for the day (currently only showing P/L since the position was opened) 5. Trade analytics tool on ISA/share dealing account - you keep emailing me to check it out but it's still not available on my accounts The below I realise it's unlikely to happen, but it would be amazing to have: 6. Stock screener similar to what Stockopedia offers (realise this is a premium feature so would be happy to pay extra for it) 7. An option similar to 'export chart' but for trade details, i.e. exporting trade data to excel sheet, like entry price, values for MAs and indicators currently on the chart etc. basically all the info visible on the chart but as numbers instead of a picture
  5. 2 points
    For known events such as data releases the platform automatically increases the min distances a certain number of minutes before and then gauges volatility after to decide when to lower it back to normal. Obviously if you are sitting at the screen you can bail out anytime but generally tight stops will get whipsawed out until the market calms and a consensus on direction is reached.
  6. 2 points
    Title says it all, is there any way for it to be all the same for simplicity?
  7. 2 points
    More than -17K in three days. It took me 2 years to recover it
  8. 2 points
    yeah I agree, the other option of paying a $30 round trip for non FX conversion is just a sneaky way of doing business. It bugs me that they hide this in the fine print especially when there is no logical reason for it and no one at IG can give a straight answer as to why , They should be encouraging clients to trade not discourage them.
  9. 2 points
    Volatility is such fun. If you are on the right side of it , of course. Dow@ 27239, will go higher expect 27550+/- 1%. Then hang on to your shorts as it's big swinging cahones time. If there is no more stimulus, saving the Fed largesse then watch the Dow sink 3-5% as retrenchment may be the order of the day. With stimulus expect a gain, then retrenchment, then exuberance, then retrenchment, then a small nervous breakdown....... It's as if the Dow has become the schizophrenic naughty cousin of the S&P. Today is the last day before the delayed August break for Congress so it's pooh or bust for legislators, who will naturally blame each other if they fail to agree. Ahh the competence of governments.......
  10. 2 points
    Whats really funny is that he wants to force a vaccine on every human being on the planet, yet he cannot even get rid of the viruses on his software! Maybe sorting that out would be a good start. But oh I forgot its all about the money and power.....
  11. 2 points
    Hi, With respect to share dealing, you need to implement a proper stop loss system - so you can put a stop on all shares. Most importantly though, develop a separate system for share dealing, because simply porting across the spreadbetting ethos and programming isn't sufficient. Once you've had a look at these suggestions and decided what you're going to work, produce a timeline by which you're going to roll them out and give regular updates. It's nice that you're asking, but even a cursory look over the forums will show that you've 'recognised it's a function we want' but failed to do anything. I found a post from April 2017 asking about dividend reinvestment and IG have done nothing. So, stop thinking about spreadbetting and share dealing in the same way! The ethos and customer requirements behind both are completely different. At the moment you're a speadbetting company pretending to be a online stockbroker. Sartois p.s. If you're wondering why my message seems a bit grumpy, it's because I've just switched my ISA to you and in hindsight I've just jumped from the frying pan into the fire.
  12. 2 points
    Need STOP LIMIT feature For Trade analytics, to show PERCENTAGE RETURN for specific time period, let say monthly basis at very basic.
  13. 2 points
    online option dealing for individual shares and stocks (usa)
  14. 2 points
    Sorry to go on. Just wanted to add one more thing. You provide PRT access at a £30 per month value for free if we trade a certain number of times. How much would it cost for you to provide access to TradingView.com (link your APIs and whatever to their platform so we can use it to trade with IG), and if it's a similar price to PRT could I please get TradingView instead? PRT is clunky, old-fashioned, missing many useful features and French.
  15. 2 points
    IG, please can you add the option to remove Saturday and Sunday candles from MA and Pivot Point calculations. This has been asked for for f*king ages. Just recently someone added four hour calculations to the Pivot Points, have no idea who requested this but it's not as important as getting rid of weekend candles f*king up Monday's data.
  16. 1 point
    Strangely though, I think the chart pattern is an Elliot Wave airplane chasing an inverted cup and handle. I imagine that everyone will be able to see that and will all follow it's trading expectancy, and thus a continued sideways movement will result.
  17. 1 point
  18. 1 point
    The pain and suffering could be just starting for millions of people. Although key sectors such as housing have begun to show signs of a rebound, analysts have warned that the mini-boom could go bust once the government’s jobs subsidy programme closes in less than three months’ time and a tax cut expires at the end of March. https://uk.reuters.com/article/uk-britain-stocks/ex-dividend-trading-trips-ftse-100-national-express-tumbles-idUKKCN2590T8
  19. 1 point
    When it's time to go did they take the 4 hours needed to clear the park one by one or did they all just walk out together? 🤔 we are living in a pantomime.
  20. 1 point
    Is everybody in this country an idiot?
  21. 1 point
    I don't know. But there is good profit taking.
  22. 1 point
    Hello, I'm trying to figure out the Margin Required to create a BUY position on EUR/USD with my base currency in AUD. However - I really don't know how to get the calculation right, can you please help? Please see the attached screenshot EURUSD_1.png and EURUSD_2.png: Size: 5 Contract Size: EUR 10,000 Price: 1.12208 (EUR/USD) Value of one point: USD 1 Margin: 0.5% Margin Required (USD): US$108.01 My calculation: I understand to get the Margin Required in AUD - it would require currency conversion from USD to AUD. However - I cannot even get the calculation right for the Margin Required (USD) : USD108.01. Can anyone help me how to get that figure (ie. USD108.01)? Below is more information about EURUSD mini pair. (if it helps). Please let me know Thank you
  23. 1 point
    the market is not the economy, the companies that make up the ftse are big internationals and have their biggest market in the US so ftse and dax will follow the US indices which are an expression of future confidence in the US economy and so the US consumer. The UK market is not that important to them.
  24. 1 point
  25. 1 point
    Hi all, Easy question of the day. Just wondered what the stats were from people who know a lot more than me. As i keep reading every trade is 50/50 so interesting to know how this looks in reality. It makes me laugh how many tools there are out there and yet it still seems easier to win on flipping a fair coin than to trade on a daily basis. Thanks
  26. 1 point
    I did the same thing on Dax, Tom, and got a similar win rate (49%) This is the running equity position, based on points It's wonderful! I'm already trading this system on multiple markets
  27. 1 point
    Dax and Dow H1. Dow taking another look at R2;
  28. 1 point
    damm, you have resilience! . Your misfortune is oddly comforting thought, sorry buddy! 😄 Glad it came good in the end You know there is something wrong when your mindset is "Oh I only lost £150 today, good day!😅 Why use the API and not PRT
  29. 1 point
    It would be very practical to be able to export "workspaces" to/from CFD and spread bet accounts.
  30. 1 point
    I continued with the smallest bet size on an index with 30k, to be sure that I was not going to be wiped out again.
  31. 1 point
    Short story - I automated everything, I do not trade anything manually. Everything is automatically executed using the rest API. Long Story - I started without a plan, looking at 5 minutes charts with a trembling hand clicking on every candle. What could go wrong? I failed miserably. Then I prepared a system, nothing too spectacular. Any system can work if it is properly executed. I started with an idea and moved to what I have now, changing parameters as I went along just to comply with the target that I wanted to achieve. I back-tested everything with local historical csv data and the demo account. Then when my code was reliable I moved to the live account. If you are able to define entry and exit points as well as limit and trailing stops with a system, if it is profitable on paper the only reason why it fails is because of the human factor, a person cannot execute a system perfectly, so there is always a way for a trader to decrease the performance of a system just because that trader cannot cope with the perfect execution of it. If you are able to automate it then your system will gain in performance and at the end in R/R ratio. You can take any system you want and start your back-test with one simple premise: Whatever you do, make sure that if it goes wrong you can try again. Any risk management technique will translate that sentence into mathematical jargon with hyper complex algorithms, but for me it is literally that: The ability to try again. That and an automated execution made it to work.
  32. 1 point
    what are you doing these days with trades. although early loss pretty bad you can tell your system seems to be good.
  33. 1 point
    I would like the trading analytics in the share dealing account's to visualise account balance over different time scales with the P/L e.g 1 day, 1 week,1 month, 1 Year. Dividend payment calendar with the payout amount ( show previous payments in another chart). One platform which I have seen which has lots of chart's is M1 Finance. Fractional Share's especially on the larger tech stock's such as NFLX, GOOGL, AMZN. To trade option's on individual stock's. To be able to buy cryptocurrency in a ISA account or cryptocurrency ETF's.
  34. 1 point
    a platform should not dictate what strategy to use for gaining maximum profits. In the end it depends on the setup of the trade you are doing which one to go for.
  35. 1 point
    I made a few posts about this, its very poor service , you either pay the commision fee or work on the pretence of zero commision , but then a rubbish FX rate . And if you hold investments for a long time your profits can get killed in the advent of an adverse FX rate , (should you elect to automatically have FX conversion )
  36. 1 point
    Just to remind you there was and is no pandemic. As shown in previous posts the 5 year rolling average of deaths from flu and associated pneumonia is around 35,000 per year in the UK (NHS data) so this covid year looks like being just above average. Always the seriously ill end of lifers. But the distribution curve is standard so a few others are caught out every year. Also posted above, of the 40,000 who are listed as dying from flu (covid) the total number of healthy people under the age of 60 who died was around 250 (no pre-existing conditions, NHS data), sad but also about average. Meanwhile the cost of Lockdown is still ahead of us, govt reports estimate over 200,000 deaths from undiscovered health problems (missed cancers, heart problems etc). There will be the collapse of thousands of businesses and millions unemployed once the govt handouts cease. And the loss of liberties, you won't be getting them back any time soon as Johnson says the second flu spike around Dec/Jan/Feb could see 10s of thousands more flu deaths. Yes, about 35,000, - the ***** rolling yearly average! You've been had. Still, lets keep this farce running now the masses are cowered and completely subservient.
  37. 1 point
    Two things I would add, one being a very important addition, another just a great feature upgrade: - Have a currency breakdown that is easy to view. - You could be simultaneously holding USD and GBP whilst trading shares but it just gives a pound overall value. Yet, what happens with my dividends and account management fees? Are my US dividends paid with IG taking a conversion cut? Is there a second round of conversion cut to reinvest this dividend? If I have dollars, are they converted for account fees, thus making them higher? There's very poor clarity up front on the platform with currencey, it would make it a lot mor user friendly to tackle this and probably reduce customer service requests. - Have a y-axis volume indicator. On other platforms it is a beautifully handy addition that shows price points of large volume buying. Thanks Devs + Charlotte.
  38. 1 point
    A strong charge going into the weekend, a sure sign of bullish confidence. S&P H4 chart;
  39. 1 point
    Hi, if you are on the Share Dealing platform some exchanges don't offer stop loss orders so need to put a sell order in after you have bought the shares. SB and CFDs are leveraged and you need to apply for a separate leveraged account to trade them on their respective platforms.
  40. 1 point
    A trade calculator for spread bets allowing you to enter market, trade position size etc into it but also expected likely holding - the calculator then works out if holding a DFB or future contract would be best for you the customer
  41. 1 point
    On the deal.ig.com mobile web dealer: please take us to the CHART when we check on the open trade in the POSITION/ORDER tab. It makes no sense that we have to go back 2 steps through the MARKETS and Watchlist/Previously Traded to look at the chart.
  42. 1 point
    Please assign the IG labs forums to someone that doesn't ignore messages. There must be someone that can respond to technical questions. There are posts that have been sitting there for months. https://labs.ig.com/node/702 It is very frustrating to see that there is no one to help there.
  43. 1 point
    Limit (take profit) orders on daily and weekly options would be nice
  44. 1 point
    Click on the wrench on the chart (top left) Then you add indicator in the price settings
  45. 1 point
    If you email/contact Nicholas directly @ PRT he's usually pretty good at helping you if its simply a technical issue
  46. 1 point
    I think the UK has set aside a 'conservative' figure of 60,000 Life Years Lost next year to delayed cancer diagnosis/treatment. Don't know figures on suicides, domestic violence, substance abuse, or bankruptcy etc, sorry. Mean while in Sweden.
  47. 1 point
    I found the answer. If you see the first screenshot.. at the bottom it says "Resulting Position +3" while the size = 5. This was because I had an open position on the same pair. Therefore it ruins the basic calculation. All solved now.
  48. 1 point
    Other members have mentioned the large minimum stop distance. I have relayed the message to our exposure/ risk teams to see if they can be tightened.
  49. 1 point
    Hello, I am trying to run an EA in my IG-Live account, but while the EA is active I am getting an alert mentioning that "Hedging is Disabled". I ran the same EA in demo account and it was working perfectly fine. Can someone please help me with this issue or please let me know how should I enable Hedging in my live account? Thanks
  50. 1 point
    There are a number of equities listed on the Toronto TSX TSXV Exchanges. IG doesn't appear to list them. Any ideas welcomed on Brokers that give exposure to these Exchanges
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