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Showing content with the highest reputation since 14/08/19 in all areas

  1. 30 points
    I thought i summarize my experience so far day trading in case any newer folks are interested Day trading is much harder than swing trading and especially at those lower time frames. From 100+ day trades so far I am certainly no expert and I like being honest, I am on average losing but I learnt a lot. My thoughts so far are: 1. Forget 95% of youtube, it's full of turds just trying to market courses, **** out their channel. Same with forums, no matter what topic it is (fitness, languages), a lot of people lie their asses off and pretend they are experts but in fact know jackshit about it. Even the supposedly guru's are full of sh@t. For example the guy who wrote that best seller "Trading for a living", Dr Elder. He came up with his own "impulse system" and brags about it. It just MACD and Moving average, nothing more . Aslo on their own private forum (which I was on for $60 a month) the group consistently underperform the S&P and even their best Gold start traders barely out perform it. Everytime you asked a question you got told, "buy this extra course for $100's Its the same with Anton Kreil, $15k for a course? I have no idea if he is good or not but its seems to me that it's the easiest thing in the world to prove your validity. Publish your trading accounts, get them audited by an auditor, show tax statements, do live streaming etc If I was building a business as a trainer that's what I would do. 2. Having said that there is a lot of useful information that if you look at it objectively it can be great advice. Keep a word document and write down your own points. Ignore every cherry picked chart they show you (apart from the educational content), use your own, scroll back a 500/1000 bars and then start looking at the extreme right hand bar, moving forwards bar by bar and ask yourself "ok what will I do here", you will soon find out that even if you got the direction right, spreads, commissions, trend reversed too quickly, stops etc killed it . It will paint a very different picture than what youtube baseball-wearing-cap-on-backwards hipster is telling you. 3. Day trading is a job, not a hobby and a difficult one, you need to put in the hours, research, do your homework, keep a trade journal take notes and analyze what you have done etc 4. You are essentially trying to make cash like flipping a coin over the long run with one side weighted in your favour. 5. Forget working on hunches or "I think the stock price will go up / down" You are doomed to failure. A proper system is the only way 6. Risk Management is the most important concept by far in my view. The generally advice is never risk more that 1 - 2% on a trade. I personally think that is too much . I would keep it at 0.5% max until you work what you are doing. 8 losing trades in a row at 1-2% and it starts to hurt and self doubt really creeps in. 7. Demo always seems like a good idea but in reality it never worked for me. I put on trades forget about them, have no psychological connection to wins / losses. You need to use real money, even if it's just the bare minimum to see those losing ££ . I have put on 4 trades over last few days.All 4 were up 2 x Risk but because I am a total **** I didn't cash out and all hit stops resulting in 4 losses. It was only £80 between all 4 but the fact I got greedy (yet again!) annoys me 8. If your profitable with a year you're lucky. My aim is to just break even by christmas to see if I can sustain a modest living in this. I have income from other sources anyway. 9. The reality is that its a heck of a difficult job to make money day trading., Brokers like IG, and all the others make money by continual flow of clients coming in losing cash and eventually leave, hence the large marketing. I don't blame them, it's a business model, not a hippy self help group, but just be realistic. 10. Most news, ideas is **** and pointless. I worked in investment banking on the trading floor for 15+ years. Every Monday we had to come up with a trade idea for clients , Derivatives / inflation, bonds, 90% of them were sh@t, I know I wrote them, we just had to do something. It's the same with market news, broker webinars etc, trading channels / ideas etc, the staff are tasked to do something. More noise, more videos, more website hits, more trades = more commissions / sales. 11. Don't jump around from stock to stock, to FX, to crypto. I believe if you are not making money in two or three the problem is you, not the asset. They all have their own personalities, e.g. Coca cola barely moves, Tech stocks jittery as hell, respond to news, others hardly at all, so you need to spend sufficient time on see what influences what. 12. as above, don’t jump around with different trading strategies, 200 different indicators etc. You need to limit all the moving parts and focus 13. Best way I found to improve, (so far) , For every trade, I immediately write down why I entered the trade (note 5) , for example Long MA Strategy (a) Rising 200MA (b) Rising 20MA , (c) 20MA crosses over 200MA (d) price near 20MA seems like a winner on paper but I still kept getting stopped out. Then afterwards write down what happened, e.g. after the trade exit I put screen shots of 3 time frames (daily hourly / 15min) into a PowerPoint and detailed where I went wrong. Several things became clear such as - 2min charts was pointless, you would never make the spread back - The risk / reward (1:2) was to high, a 1:1.2 would have paid off > 50% of the time . - I was fannying around with stops, for no reason. etc - I'm putting on trades because I'm retarded, e.g. long trade, on a bearish trend in larger time frame The point being, you start to learn about your technique and they way you trade which no book can possibly know. Heck it's boring but I am starting to see patterns about the way I trade (= c@ck up). The best traders I saw in banks were the OCD ones. The wannabe Burberry wearing chavs all got pushed out or sent to Starbucks to pick up the coffee The million dollar question: can you make money? At this stage, I am still undecided. I think there is light at the end of the tunnel but its going to require work, a plan and mental commitment for sure. Anyway, long post but hope it's useful for some folks (apologies for the obscenities!)
  2. 17 points
    Both through the web platform and ProRealTime... I cannot close out an open position on US500... IG are you going to refund any money lost because of your techincal error?
  3. 9 points
    One of my open positions have disappeared form the positions tab. I had a total of 5 open positions, the number beside the positions tab says 4. There are only 4 positions displayed. However the account totals row in the bottom is behaving like the last position is still there, the total positions sum takes into account all 5 open positions, likewise with the market value and profit/loss columns.
  4. 9 points
    Hi - facing a new issue on the platform. My charts are being wiped out and set to the same default every few minutes/seconds. No matter what I configure, within a few moments it defaults to a 5min candle stick with no other indicators - what is happening?
  5. 8 points
    I am Not able to see open positions. The customer hotline is also not working. What is the issue. Rectify ASAP.
  6. 7 points
    Hi IG, Any plans to become a supported broker on Tradingview? I like the IG web platform but Tradingview stock screener is great and would be nice to trade from there. https://uk.tradingview.com/brokers/
  7. 7 points
    Don't fall for it. Don't try and catch a falling knife. Manage your risk - use stops and guaranteed stops for the love of god if you're looking to hold stocks over night or ANYTHING over the weekend. If you're in to intraday trading think about options (my thing of late - check post history if you want) which manage risk when buying and stop you chasing losses. Get those alerts and notifications set up on your phone. Diversify a portfolio with some defensive stuff as well. Read read read read read the news people. Take a step back. Think about it. Actively say you're going to cut the emotion. ONLY THEN make your trade. Never risk more than you could lose. Any other things which would help? Lets share over this economic mardi gras...
  8. 6 points
    Hi, Is there anyway to get AUS tax statements from IG platform? Cheers
  9. 6 points
    Righto, having used this web platform every day for the past year it decides to go mad. Really important trading day... every 30 seconds or so, every bleedin' drawing I've made, adjustment to chart, timeframe etc all resets back to a default 5min and deletes all drawings WHAT IS GOING ON!!
  10. 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
  11. 5 points
    Web app and mobile apps are not working in the middle of the trading day! This is precious money making time but IG is making it going bankrupt time!
  12. 5 points
    The same thing happened to me after the scheduled maintenance today. I'm missing seven positions! The sum total seems correct. I've just shot an email to the helpdesk. I'm assuming they're going to be receiving a lot of these emails, and I sure hope they get this fixed pronto.
  13. 5 points
    Hi, wonder if could offer a bit of friendly advice? It seems to me that you could really do with introducing some urgent risk management into your trading. Monitoring large positions is essential, as is learning how to cut losses, not adding to positions that are already seriously in the red. Can highly recommend a book by Mark Douglas called 'The Disciplined Trader' - it's a great read and could help give you the mindset to protect your capital in future and avoid these kinds of situations arising. IG will give margin calls as appropriate, but are under no obligation to notify you that your portfolio is being decimated as you put it. Really sorry that you're so badly under water...but learning to cut losses quickly is the best way to avoid serious losses (and significant overnight funding charges).
  14. 4 points
    Still can't quite work out why we are deliberately destroying the economies of every first world nation because of this flu virus. Yesterday I went shopping at the local mega supermarket where the shelves were all well stacked and I happily mingled with well over a hundred people doing our shopping but I'm not allowed to go to the local pub (avg 20 people) or the local gym (avg 20 people). The latest stats on US cases I saw was on Friday night where it was reported 99% of cases were classified as mild (normal flu like symptoms) and 99% of deaths were in the over 70s age group. True the death rate for WuFlu is higher than common flu currently 1% vs 0.1% in most western countries. Italy is looking like an outlier compared to the rest at this stage and no one seems sure what's going on there. Also is the fact that most of the US cases are in just 2 large cities with the rest of the country relatively unaffected. For example the state of Arizona has 7 million people and is now in total lockdown because of the death of 1 person (over 70 years old with an underlying medical condition) and people are starting to ask why? The WuFlu cases are still nowhere near the number of normal flu cases where a week off sick is all that's needed for over 99% of sufferers. I understand the use of containment in the prevention of the spread of a disease but also know that if triggered too early has no affect other than causing bankruptcies and despair, my heart bleed over selfies on twitter of Sam Smith in tears all alone in his 11 million pound mansion 😪. In less than a week of lockdown some commentators are claiming it a great success because the infection rates are continuing as before (not rapidly expanding) hmmm. None of this seems to fit together unless there is something huge we are not being told.
  15. 4 points
    Talk about exuberance. (Oft used word like unprecedented). Dow is steaming up to 27000 and heading north. The battle with Covid is over then. It is beaten and normal service will resume directly. Next stop all time high? Forget about the bad news. It's only going to get better and better and everything is going to turn out rosy. Lovely jubbly. Moderna's results are encouraging, it is true, but not categoric, peer reviewed or tested on more than 48 fit test subjects. Otherwise, the situation remains the same. One supposes that if one were to no longer test, then the virus will simply disappear, as no one would have it because no one has been tested for it. Brilliant logic and an especially good recipe for rampant, uncontrolled, unmonitored communal spread. What's a few hundred thousand deaths of vulnerable people matter anyway? It's the bottom line that counts, surely? Then there is the matter unemployment and the 30 million still receiving unemployment cheques (soon to be stopped). They will all be instantly be re-employed, of course. As for the debts, it's only debt and we can always print more money to pay for and buy more debt. Those in arrears can have their debt purchased by repo's and start again, unless it's lots of debt, then we'll bail 'em out. Fantastic. Win win on the money-go-round. Obviously, pre Covid, say Feb 2020, assets and equities were hugely under-priced. Tech is still massively under-valued. Isn't it? Tesla may even make a profit proving its market cap @$220 billion. Cheap at the price! We have won the battle with Covid, it is done and won and a big V for victory for the markets. As you can tell it is day 6 of my not drinking and I am hallucinating, cannot tell fact from desire and am selectively, blind, deaf and have a factual reality by-pass. It would appear I am not alone. One thing to note, it sure is interesting. Defiantly not a bubble waiting to pop. Absolutely not a bubble. Exuberance warranted. Must be time for a trade war with China then.
  16. 4 points
    It really is unacceptable. I’ve been trading with IG for 4-5 years and experienced various outages and frustrations with the stability of the platform, typically at the most inconvenient of times. However, these outages in the last 24 hours are serious. Calling to deal doesn’t help when market volatile.
  17. 4 points
    Trading app is very unstable. Could not see my open position. Can't close my position. Same thing happen 12 hrs ago. Please rectify it asap. I need to close some position.....this is terrible. Will you bear if there are losses.
  18. 4 points
    Usually IG does refund if the error is 100% theirs but often you need to provide yourself Screenshot and video... which is a little ridiculous. I'm now using a Desktop recoding tool every single time I trade with IG because last time there was an outage I couldn't close some long position I had which then endup being all negative. I had luckily took a video with my phone as a proof otherwise theyr would have not refund anything.
  19. 4 points
    is there a reason I'm still getting charged commsion even though I'm making 3 trades a month?
  20. 4 points
    I queried this via IG support chat before opening my ISA. I was advised the custody fee would only be applied once for both Share Dealing and ISA and only then if a minimum of 3 trades were not made in the previous quarter (in either account or in a combination of the two). A dealing account with zero holdings would not incur a custody charge anyway, as it's a fee for holding custody of shares, rather than an account management or inactivity fee. In a similar way, 3 trades made in my dealing account in March entitled me to the £3 UK commission rate and free US dealing in my ISA account from the moment I opened it on 6 April. Hope that helps.
  21. 4 points
    Hi MAKTRADER6970, I puzzled by this as well. You're right this is not how options really work. I trade options all the time in the US and make money by selling calls on shares I own and selling puts on shares I want to buy. When you sell you should get the premium immediately the option is sold. J_Bernard appears to be correct. We're not buying and selling options just betting on the option prices. You can't use them sensibly or profitably, so I think we should not bother with them. It appears to me CFDs and spread betting is just that - gambling where the broker wins every time.
  22. 4 points
    Trading FX these are the sort of indicators you need, matching what is currently strong vs what is weak, not stuff on patterns and macd, rsi or whatever. The first pic is from Nov and out of date but the second is of yesterday, maybe I should include something like this in the daily dashboard? Vote a like for yes or a sad for don't bother.
  23. 4 points
    Thanks for the responses guys. As I phoned them to discuss the situation I had a voicemail from my account manager cancelling the trade as they suspected it was a mistake. Great service 👍
  24. 4 points
    The ability to have two separate instances of two different trading platforms in two different tabs of my browser. Right now if I navigate to the new share dealing platform in one tab, my spread betting account in the other tab automatically redirects to the new share dealing platform also. Totally unnecessary.
  25. 4 points
    they never really advertise it but think its worth noting
  26. 4 points
    Hey Guys, I’m glad to announce I will be your new community point of contact. I'm taking over from @JamesIG. I have worked at IG for four years on our trading floor but have moved to manage the community. It will be great to hear any feedback you have for IG and I will happily push these idea to our developers. Do make sure if you need anything answered to @ me and I will respond as soon as possible. Thanks, Charlotte 😊
  27. 4 points
    Hihi, 30pt spread on weekend cable is fixed. We're looking at reducing if feasible / volatility permitting (for reference, narrowest indicative prices we saw from 1900 Sunday were 50 pts wide). How much of a factor in deciding whether to trade on the weekend is spread, what would you see as attractive to trade? Regarding true 24/7 trading - it's very difficult. We keep having to trade off between release time & platform up time - unfortunately trading hours aren't likely to increase soon. Only silver lining is that usually the 2200-0400 period is very quiet in terms of macro events. Open to any other feedback re. weekend markets. Thanks, Ludwik
  28. 4 points
    Here some of my thoughts on the importance of ATR (Average True Range) in Day Trading. Here's my thought process: In order to make profit you need volatility Volatility is the change in price of an asset over time As day traders we're interested in volatility per day To measure this I take the true range over one day, which is effectively the high of day minus the low of day and take the average of that over 200 periods If we assume we only take one position on a given day, in theory the max profit I get is when I buy exactly at low of day and sell exactly at high of day (or short-sell at high of day and cover at low of day) I need to subtract the spread from this max profit The margin factor requirements from IG define how much I actually can make in terms of £. Higher margin factor means lower qty to trade with, means lower profit, even if Average True Range is high I pulled some data today to find assets which fulfil requirements below low spread low margin requirements high average true range I looked into Indices, Crypto, Metals, Currencies, Commodities and Shares. I didn't fully automate the queries, so just pulled some snapshot data in the below. There might be some nuggets I missed, if you spot any, please let me know. (All profit calculations are based on a hypothetical £10k account - for larger accounts things may look differently because the margin factor rises in tiers for large accounts) Indices IG has a few indices at 5% margin factor, which outperform the rest. Only exception is Australia 200 which is hanging behind the China 300, while the latter has 10% margin factor. Most profitable ones to trade would be NASDAQ, NIKKEI and DAX. Interesting finding for me as currently trading the FTSE 100. Might give NASDAQ a try. Crypto Perform worse than Indices, because of 50% margin factor. ATR is much higher compared to Indices though, so if IG lowers the margin factor at any time in the future, these may become interesting. Metals Nickel and Spot Gold seem to do well. Gold because it only has 5% margin factor. Nickel because it has a large ATR of 2.8%. Currencies There are only few currency pairs which have a margin factor of 3.33% and a few more with 5%. Those perform better than the rest with 10%. ATR is relatively low here. Best ones I could find are GBP pairs like GBP/JPY, GBP/ZAR and GBP/CHF. Might be related to Brexit and high volatility in GBP at the moment? Commodities Surprisingly perform relatively well. Carbon Emissions, Natural Gas and US Crude at the top spots. 10% margin factor with relatively high ATR of around 3% I might give those a try. Shares Now shares are a little bit different to the rest, because they can be very volatile at times and don't move at all at other times. The best bet might be to find shares which were recently falling sharply aka trading well below 200 EMA. IG then increases the margin factor, but that might take some time. So if you find a stock which recently fell sharply and you can get in before IG increases margin factor you have insane profit % of 50%+ like Metro Bank and Kier Group in the below. Difficulty here is that the True Range has huge swings itself and you need to time it right to get on a big move. That's why I'm sticking with Indices at the moment. So, if we ignore shares for a moment, the top 3 assets to day trade according to this theory would be: 1) Carbon Emissions 2) US Tech 100 3) Natural Gas What do you think about this approach? Does it make any sense? Commodities seem to be doing well in this approach - has anyone in here experience trading them? (US Crude and Iron Ore would be place 4 and 5 - that makes 4 out of the overall top 5 being commodities and 1 Index)
  29. 4 points
    Hi there. In my first year I lost money; a genuine massacre. But I did not give-up, as I am quite resilient and kept going in trading and losing money again and again in the second and the third year. Until the forth year, where I reached the break-even. Now I am constantly and largely profitable, quarter after quarter, since last 4 years. I learnt how to trade the hard way. It is quite a common path, I discovered later reading the Market Wizards - a book I suggest you read - a collection of interviews done by Jack Schwager to a group of worldwide top traders. So funny to discover I was not alone having burnt my account at the beginning of my trading experience. The game is complex and lots of things influence your performance, including your emotions when you see the P&L in deep red. For that, it was very helpful to me to discover my limits: how much money I can afford to lose without losing my emotional control, sleeping hours or my temper - I also had moment where I was unpleasant with my family. But this is not acceptable, as you wrote. How much money can I lose without caring? 50 pounds? 500 pounds? 5000 pounds? 50000? It is all personal and you need to ask yourself what is your limit, as this should size your trade. At the end It is a game of probabilities and the more you trade the more you have opportunities to finalize your trading strategy/strategies, selecting only the ones with high probability of success. But nobody is right 100% and some of then will go wrong. Also for the suggestions given by Trade of the weeks: no discounts for anybody. But listen: the market is not fake and nobody is conspiring against you or anybody. Don't take this perspective to quit. There are retail traders (like me) that are constantly making profit. The break-even is an outstanding results, as you are - at this point - on the top quartile. Learning when not to trade also improved my performance a lot - as you cannot lose when all your positions are closed. As we speak, I am out of all markets and this is average 70% of the time. I take a trade only when all the homework is signalling high probability of success and from the past I scaled down from 20 trades a week to approx 2 or 3. Or sometimes zero. For every single trade I also write a lot, in my trading journal. Not just the pre-analysis, why I have selected the trade, the overall risk assessment and the related stop, the target price, all the multi-frame chart analysis . But also I record what happens during the trade: I write how the market is moving, the intensity of waves. And I also record my level of emotional reaction during the trade: from 1 to 10 I want to know if the trade was completely emotional agnostic or if I lost my sleeping. At the end, you need to be a Marine soldier studying every centimeter of the the battle field, to survive. Including you. Keep going with just 1 pip per trade - small money, but real trades. Don't give up. Improve your strategy, record your performance and try to understand when and why you have been successful or not. One day you will reach the profitability. Good luck.
  30. 4 points
    I don't know what expectations you had when you started David, mine were to make a lot of money and retire. That didn't happen. After a while I stopped trading, took a step back and looked at what was happening. I had none of the stuff mentioned above which are needed for success. What I did have were lots of trading websites, discussion forums, tips websites, news feeds and so on. A confusion of noise with no structure and no plan. If you decided to open a business you would have a business plan. You would probably open a business that you knew something about and had lots of experience in, or could hire people to fill the gaps. You would know how much things cost, how much you could charge, and what the likely market would be. You would do a lot more than that and still might fail for any number of reasons. Spread betting, or any other form of trading is a business. You need to know what you are doing, you need to do it consistently and you need to keep monitoring your performance. To make money you need an 'edge' - which is simply a strategy which over the long term gives you more in wins than losses. It doesn't really matter what that edge is, just that you have it and trade it consistently. You do not need, and should avoid, trading on anyone elses advice. As I write I have a long position on Gold. I could explain why and someone might read this tomorrow, think it sounds reasonable and decide to buy too. I mogt have sold by then and gone short. My advice would be worthless. If you want to make money here's how. Open a demo account, with a similar amount of funding to what you would have in a real account. Review what you already know about trading strategies and pick one that you think you understand. Research this and make sure that you know all of the details. Does it apply to all markets? Does it suit short term or long term trading? Why do you think that it would give you an edge? Write the whole plan down - preferably with a checklist of all conditions that need to be in place before you take a trade. Start trading it with the demo account. Keep doing that for months if you need to until you always stick to your plan. Review the results. Did you stick to the plan? Did you make enough demo profit for it to be worth your while? Keep going with this until you are sure, then start with a small trading account and see if you can still stick to the plan, and make money. As you succeed you can start increasing trade size or adding other strategies but slowly. Remember that the reason for doing this is to make money. If you can increase the value of your trading account by 5% in a year you are doing better than most savings accounts. 3% in a month doubles it in 2 years. Big wins are for adrenalin junkies. Steady consistent wins are for millionaires. Final thought: Spread betting is the hardest 'easy money' you will ever make. Michael
  31. 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...
  32. 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
  33. 3 points
    I was reminded of this gem of an educational video from years ago but still just as relevant today; 'A Blueprint For Trading Success' 50 min.
  34. 3 points
    IG SHOLULD BE HELD ACCOUNTABLE FOR ANY LOSSES. CAN ANYONE TELL ME WHY NOT ?
  35. 3 points
    Hi all, I'm using the online IG platform and one thing which is greatly missing is... TICKERS!! How come a trading platform don't have tickers?! PRT and all trading platforms on the market have tickers. Traders speaks with tickers, not company names. So please could you add tickers ASAP (as soon as possible)... you see TICKER!! I need SPY, I need AAPL, I need NVDA, MSFT and so on. And I'm sure I speak for everyone else. I've searched on platform options, forums, etc and couldn't find anything about tickers. So if there is a way to have tickers could you tell me where to allow the option. And if not, could you ask your technical team to allow them quickly? I agree I could use PRT as there are tickers on theirs but there are things that I don't like, like it doesn't show the amount of money used from balance when purchasing a stock unlike IG platform, so you go a bit blindly and i don't like that. Thanks and sorry for the rant but needed to say it. Cheers!
  36. 3 points
    Logging in this morning, I found all my positions were missing. Looked again a few minutes ago and most were back, but there were still two missing off the list (UK shares). Whilst I don't doubt that the problem is related to weekly maintenance, and the missing items will be back by Monday, the number of these 'glitches' is somewhat concerning, and doesn't inspire great levels of confidence in their systems. I daresay, the current grand farce may also be contributing to these problems with staffing shortages.
  37. 3 points
    casynotes a helpful chap
  38. 3 points
    @CharlotteIG Is this something you can assist the community with? I notice others in different forum posts are complaining about the same thing.
  39. 3 points
    Hi, if on the deal/order ticket you have selected 'Net off' the platform will net off your trades and leave open just the portion (if any) of the remaining trade. If you wan't to have 2 trades running in the opposite directions (hedging mode) you need to select 'Force Open' on the deal ticket. see pic.
  40. 3 points
    That is the 50% retrace for the Dow and S&P.
  41. 3 points
    Wow Guest, you're right, just checked out their real-time spreads, and they have tight spreads.. ..well, the same spreads as IG used to have. Now IG is 4-10 times more expensive on DAX, depending on what day you compare with. I'm going to create an account on Core Spreads now, and see how long it will take before I can move over there. I like IG's free ProRealTime platform, but I can move over to MT4 if push comes to shove! --- Caseynotes - Yes, I could trade the monthly time frame too, but I'd rather do that on Core Spreads with a 5th the spread:).. I think IG just lost me as a client. Regards, Molibar
  42. 3 points
    Also here which is interesting https://www.ig.com/uk/special-reports/best-trading-books
  43. 3 points
    When the dust settle down..ig better take a good hard look at its resources. It's obvious that they are inadequate...both hardware...n personnel. Why bother to keep increasing the number of clients and take pride in the number of clients and markets served when during crisis like this...they are unable to handle.... As a service provider...it is during times like this ...how they handle the situation...and address customers' problems that will either make or break its reputation. People are not interested in how you handle during peace time..that will usually take care of itself...the real test comes during a crisis...thats when it will show faultlines..and weaknesses and thats when reputation are made or break. Do take heed. Please dont let your reputation build up over the years go down the drain. The nature of your business is not much difference from other brokers... a slight hiccups may cause you to lose clients to other brokers unwittingly.
  44. 3 points
    imagine how many people looses money right now and they cant even log in to close them IG just loves to play games there isn't any platform issues
  45. 3 points
    I've transitioned to a sell and hold position 🤠
  46. 3 points
    yes you could have done this as well your max risk would have been the 80 and the 50 = 130 quid total, and the NET profit would have been the 820 profit on the put, minus the 130, so NET PROFIT of 690 quid on a 130 quid risk. Not bad.
  47. 3 points
    Hi, Logged in this morning and all my drawings/indicators etc are gone. The screen has reset to the 5 minute chart with no indicators or drawings. Is there a way to get them back? I put a lot of time into these. Thanks James
  48. 3 points
    The 100 ema is quite a long drop on the intraday, also consider having 2 MAs because when they spread apart or converge towards each other is useful information but whatever, the actual candles need to be the actual trigger. On the HA chart look for the Doji to stand by and then next bar colour to go.
  49. 3 points
    Options are a great middle ground between shares and SB/CFD, because OTOH you don't get stopped out and can hang on to your position till the end, and OTOH you can still trade on leverage without owning anything. Would love to see more instruments covered on the web platform, including individual stocks.
  50. 3 points
    Recent attention to a looming recession has come about due yield spreads turning negative - see FRED. 2yr v 10yr seems to be preferred. It's been a pretty good indicator in the past and for those that say "it's different this time" - I doubt it. Average time from inversion to recession is quoted at 17 months. If that's right then it puts it late 2020 possibly early 21. We now have the longest bull market ever recorded and it's been driven by massive injections from the central bank needle. Drugs work until they don't. This fits with my motto "It doesn't matter.....until it does!" Remember this bull, rising since the GFC, has risen primarily on "bad" news ( i.e.the needles comin'). Any hint it will be withdrawn is met with the screaming abdabs. It's effectiveness is diminished after each fresh dose. You need more and more to achieve the desired effect. The US having the least smelling pile, now has rates at 2%. It's reckoned you need 3% -4% minimum to fight a recession and why, ideally, the Fed wants it higher. The firepower for easing in that situation isn't there. So more Quantative it is. Bull markets die on euphoria. It doesn't feel quite like that yet so I'd say we're in a wave 4 which will be exited on the next QE dose. The Fed will probably paint itself into a corner and be unable to fight the next recession with rate cuts when it comes. All boats (equity and bonds) rose on this last tide so expect the opposite by which time all thought of central banks being the great panacea will have evaporated.
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