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ArvinIG

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Everything posted by ArvinIG

  1. Hi @GTS15, Could you please confirm if the windows all have the same interval? If possible could you provide a screenshot of what you want and what it keeps reverting to. Do the candles look wide because the chats are zoomed in? Thank you for clarifying. Thank you - Arvin
  2. The Glencore share price was one of the top risers on the FTSE 100 last year. And it could accelerate further into 2022 as the EV revolution gathers pace. Source: Bloomberg Indices Shares Commodities Glencore Cobalt Electric battery The Glencore (LON: GLEN) share price was one of the clear winners of 2021, starting out the year at 238p and rising 58% to enter 2022 at 376p. And during the past year, competitor Rio Tinto is down 14%, while Polymetal is down 31%. And while Anglo American has risen 20%, it’s down 10% from its August high to 3,100p. Similarly, Evraz is up 24% over the past year, but has fallen 12% to 611p from its high in May. These four FTSE 100 miners have been volatile compared to Glencore’s steady climb over the past twelve months. This is especially impressive as the miner was also one of the FTSE 100’s highest volume stocks last year. Moreover, unlike its competitors, Glencore is currently matching its 2021 high of 390p. And it’s backed as a long-term investment by Qatar’s sovereign wealth fund and asset management titan Blackrock. Glencore share price: EV revolution The electric vehicle (EV) revolution truly began to accelerate last year. Tesla delivered almost a million vehicles in 2021. Ford has developed a competitor car and has assigned $29 billion of funding to develop EVs. Toyota has overtaken General Motors as the top car-seller in the US. The Japanese company will invest $17.6 billion in battery technology and plans to sell 3.5 million EVs by 2030. Newcomers Rivian and Lucid hit the markets with multi-billion dollar valuations, and the Bank of America predicts there could be $100 billion of EV IPOs by 2023. And this could just be the start. Audi plans to stop selling ICE cars by 2033, and General Motors by 2035. Many other automotive companies have made similar pledges. And according to BloombergNEF consultancy, half of global passenger vehicles sales will be electric in 2035. And with nearly 64 million passenger vehicles sold in 2019, EVs still represent a fraction of the market. As their market share increases, so will the demand for the metal used to make them. And this could be key to a further Glencore share price surge. Four key metals are essential to the EV revolution: lithium, cobalt, nickel and copper. And Glencore is one of the world’s largest miners in three out of four, excluding lithium. But lithium may one day be replaced with the zinc that Glencore does mine. With battery technology advancing at breakneck speed, experts at Power Magazine believe that the need to process lithium in a highly controlled water-free environment makes it ‘more costly, and more complicated,’ than using Zinc-ion, which is water-based. Source: Bloomberg Q3 2021 results In Q3 results, CEO Gary Nagle was upbeat, saying that ‘we now expect full year 2021 Adjusted EBIT to exceed the top end of our $2.2-3.2 billion per annum long-term guidance range.’ And encouragingly, full-year production guidance remained unchanged for all four EV metals. Moreover, under its Climate Change Taskforce, the company is now seeing 75% of capital expenditures spent on transition metals. Glencore’s focus on cobalt in 2021 is particularly interesting, signing long-term cobalt supply agreements to battery companies FREYR and Britishvolt. Furthermore, Glencore is keeping one foot in the fossil fuels business. It mined a significant 76.3 million tonnes of coal, and produced entitlements to 4.1 million barrels of oil, 23% more than in 2020. As Glencore transitions from powering vehicles with fossil fuels to providing them with EV materials, its share price could continue to rise. But as per ususal, there is a trade-off. Glencore’s dividend yield is meagre 1.2%, while rivals Evraz and Rio Tinto are some of the highest yielding stocks on the FTSE 100. But by keeping more money in the business, the jam tomorrow could be much sweeter. Trade over 16,000 international shares from zero commission with us, the UK’s No.1 trading provider.* Learn more about trading shares with us, or open an account to get started today. *Based on revenue excluding FX (published financial statements, June 2020) Charles Archer | Financial Writer, London 06 January 2022
  3. Hi @Barton, Australian shares purchased through IG are registered in CHESS under Citicorp Nominees Pty Limited, with a CHESS Participant Identification Number (PID) 20018. All the best - Arvin
  4. After rising to $1200 per share, the electric vehicle behemoth now boasts a market cap of $1.2 trillion. But the veil of bullish numbers is hiding headwinds for its billionaire CEO. Source: Bloomberg Shares Tesla, Inc. Ford Motor Company Car China Electric vehicle The Tesla (NASDAQ: TSLA) share price saw out 2021 at $1,057, having risen over 1,000% in just two years. But as the New Year began, the world’s largest electric vehicle company announced a welcome surprise for investors. Stunning analysts, it ‘achieved production of more than 305,000 vehicles and deliveries of over 308,000 vehicles’ in Q4 2021, surpassing its previous quarterly record by 68,000 vehicles. This brings the total number of vehicles delivered up to 936,172 for the year, up from 499,550 the year before. And according to FactSet Research, it delivered 40,000 more vehicles than Wall Street analysts’ mean estimate. Consequently, its share price has shot up another 13.5% to $1,200, leaving CEO Elon Musk’s company with a $1.2 trillion valuation. For context, the World Bank estimates Mexico as the 15th largest economy in the world, with a Gross Domestic Product of $1.15 trillion. And the world’s richest person is now worth $306 billion, tweeting ‘great work by Tesla team worldwide!’ As the supply chain crisis grips the States, many predicted the microchip shortage would hit Tesla’s factories hard, especially as EVs require more than twice as many semiconductors as ICE cars. In October, CFO Zach Kirkhorn told investors that its production jump through the year had been ‘exceptionally difficult to achieve.’ But with two new plants increasing production this year, and supply chain issues expected to resolve by mid-2022, Tesla deliveries could soar even higher. Tesla share price: quality concerns However, the company has had to recall 675,000 cars across the US and China. Tesla’s Safety Recall Reports said that ‘repeated opening and closing of the trunk lid’ may make the rear camera unusable ‘increasing the risk of collision.’ And in some models, the front trunk ‘may open without warning and obstruct the driver's visibility, increasing the risk of a crash.’ And last month, an investigation by the US National Highway Traffic Safety Administration (NHTSA) found that Tesla owners could play video games on their car touchscreens while in motion. Tesla has since agreed to lock the feature while the car is moving. Meanwhile, US regulators are still investigating the company over the safety of its solar panels and autopilot system. And in the Consumer Reports’ 2021 Auto Reliability Report, Tesla came 27th out of 28 brands for reliability. In a rush to take advantage of its first-mover status, some may argue quality is being sacrificed on the altar of quantity. Source: Bloomberg Competition and the Chinese conundrum Moreover, Tesla’s competitors aren’t standing still. Ford has developed the Mustang Mach-E, which CEO James Farley has called ‘the first credible mass market competitor to Tesla.’ He believes ‘the transformation of Ford is happening and so is our leadership of the EV revolution…we’re now allocating a combined $29 billion in capital.’ And after delivering 1.24 million cars, Ford delivered more vehicles in the quarter than Tesla managed in the entire year. But Tesla has first-mover advantage. Unlike Ford, with $146 billion of debt, its debt stands at a mere $10 billion. This is pocket change to its CEO. Unlike Ford, it doesn’t face the cost of factory conversion. And Tesla’s US supercharger network is unsurpassed. But with a price-to-earnings (P/E) ratio of 389 against Ford’s 31, Tesla must continue to grow exponentially to justify its valuation. And Ford is far from the innovator’s only rival. Away from home, Tesla’s biggest growth opportunity is China, which accounts for 40% of EV sales worldwide. On New Year’s Eve, Musk opened a showroom in Urumqi, inside Xinjiang. This presents a geopolitical problem; China has been repeatedly accused of mass slavery and genocide against the Uyghur minority group in the region. Republican Senator Marco Rubio tweeted that ‘nationless corporations are helping the Chinese Communist Party cover up genocide and slave labour in the region.’ And Scott Paul, President of the Alliance of American Manufacturing industry body, said ‘I'll be blunt: Any company doing business in Xinjiang is complicit in the cultural genocide taking place there. But Tesla's actions are especially despicable.’ But Tesla wants to become to cars what Apple is to smartphones. And to go global, it will have to conquer the Chinese market, whilst competing against Chinese rivals NIO and XPeng. Moreover, Taiwan, regarded as a province by Beijing, currently produces 92% of the world’s advanced microchips. And by 2030, China is set to usurp Taiwan as chip leader. Production is soaring for now. But there’s certain to be more bumps in the road. Go short and long with spread bets, CFDs and share dealing on 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards 2021 Charles Archer | Financial Writer, London 05 January 2022
  5. Hi @Adhavan Mani, I consulted with the account opening team, they advised that your application will be decliened as we do not offer accounts in Poland. All the best - Arvin
  6. 2021 saw a record number of SPAC and IPO launches across US stock exchanges. But half are trading below their initial prices. And with Virgin Orbit already down 20%, could the lustre of new listings be losing its appeal? Source: Bloomberg Shares Special-purpose acquisition company Virgin Orbit Stock Virgin Galactic Richard Branson The Virgin Orbit (NASDAQ: VORB) SPAC launched on Thursday, with the company expecting the cash splashing enjoyed by the likes of Rivian, Lucid, Coinbase, Roblox and Robinhood. But unfortunately for the newcomer, its listing did not go according to plan. And this came as a surprise to some investors. The number of companies going public hit a record high in the US in 2021. According to SPAC Analytics, there were 968 Initial Public Offerings (IPO) and 613 SPACs. Compared to historical values, these numbers are simply astronomical. The SPAC explosion Up until 2020, it was common for smaller propositions to be bought out by a larger competitor. But pandemic-induced ultra-loose monetary policy combined with $3.5 trillion covid-19 pandemic relief funding has sent almost every market index in the US to record highs. For smaller companies considering whether to merge with a competitor or go it alone, the scales are now finely balanced. The higher valuations of 2021 meant that initial listings generated significantly more money than in the past. Moreover, the rising popularity of Special Purpose Acquisition Companies (SPACs) has made listing easier. A SPAC is a company specifically created for another company to merge with to list on the stock market. The process is much faster than an IPO, and because the initial share price is negotiated in advance, the company isn’t held hostage to market conditions. However, there are setbacks to the process. Because they are less strongly regulated, there’s often weaker financial due diligence. And shareholder dilution along with potential capital shortfalls can mean that additional capital must be raised through private investment in public equity (PIPE). And worryingly, S&P Global Market Intelligence data shows that half of the US’s 100 largest new listings in 2021 are trading below their offer prices. Source: Bloomberg Virgin Orbit share price: SPAC listing Virgin Orbit is a spin-off from Richard Branson’s Virgin Galactic, which itself was listed in 2019. In advance of the listing, CEO Dan Hart commented that ‘we’ve built Virgin Orbit in order to change the business of satellite launch and to open space for everyone, globally.’ But while Virgin Galactic’s stock market entry was a commercial success, Virgin Orbit only raised $228 million, less than half the $483 million expected. And SPAC investors only contributed $68 million, compared with $383 million originally anticipated. Immediately prior to the listing, Branson’s Virgin Group announced it would inject as much as $100 million into the company to close the deal— and this has now increased to $160 million. And while the festive timing of Virgin Orbit’s launch may be partially to blame, it’s already down 20% from $10 to $8 per share. The company blamed the fall on ‘market conditions,’ saying that ‘we’re fighting against some pretty big headwinds.’ But the company has developed what it calls ‘the world’s first air-launched, liquid-fuelled launch system’ to deliver satellites into space. Using a customised Boeing 747 aircraft as a mobile launch site the company argues that its ‘simple and reliable LauncherOne rocket achieves a significant performance advantage over grounded launch sites.’ It’s already delivered satellites for NASA and the US Department of Defense and has cited its ‘ability to launch responsively from any location around the world’ as unique for ‘defense and national security applications.’ Moreover, it’s also contracting with space agencies in the UK, Brazil and Japan. And the start-up has serious backers, including Abu Dhabi investment fund Mubadala, as well as Hart’s former employer Boeing, and AE Industrial Partners. Mubadala’s Executive Director of Growth Abdulla Shadid believes the company ‘is a game changer for the small satellite launch and space solutions industry.’ But while the business case appears sound, there are several good reasons why Virgin Orbit has struggled to lift off the ground. To start with, Branson has already had to medicate Virgin Atlantic with a £400 million cash injection as the outlook for global travel darkens. And while Virgin Galactic hit $56 a month before the billionaire’s trip to space in July 2021, it’s since collapsed to $13 as new launches have failed to materialise. Meanwhile, the other space companies listed in 2021— Rocket Lab, Planet Labs, Astra Space and Spire Global— have all seen serious price falls. Of course, having been burnt four times this year, institutional investors may simply be waiting for a better price before buying in. The likes of Stripe, TikTok, and Reddit can still expect significant investor interest in 2022. But Virgin Orbit’s share price fall could be a cautionary tale. Smaller listings may not receive the red-carpet treatment going into 2022. Be the first to discover exciting IPOs – trade pre-IPO or invest at the IPO price ahead of the listing – with the UK’s No.1 trading provider* Create a live account to trade the newest IPOs or find out more about IPO trading with us * Trade pre-IPO with grey markets and invest at the IPO price with primary market access Charles Archer | Financial Writer, London 04 January 2022
  7. Hi @Adhavan, How long will you be staying in Poland? Will you be paying tax in Poland? Thank you - Arvin
  8. Hi @DarkMatter731, CCOR is now live on the platform. Thank you - Arvin
  9. As inflation surges, many more savers are beginning to see the value in investing their money for better returns. And getting started with IG is easier than ever. Source: Bloomberg Indices Investment ETF Money Interest Interest rates On New Year’s Day, many kickstart January with a New Year's resolution. Some give up chocolate, while others exercise more. A few take up a new hobby. But a handful resolve to spend less and save more money. And while this is a worthwhile goal, savers in 2022 should expect to be hammered by rock-bottom interest rates and soaring inflation. The Office for National Statistics put November’s UK Consumer Prices Index inflation rate at 5.1%. And it’s expected to rise further before calming down. The Bank of England has responded by raising the base interest rate from 0.1% to 0.25%, and some banks are starting to offer slightly higher interest rates on savings accounts. But the interest rates on offer aren't keeping up with inflation. And this means that money sitting in a typical UK bank account loses spending power every day. As prices rise but account balances seem to stand still, more and more consumers are starting to notice. Meanwhile, energy bills are slated to rise an additional 50% in April. The average household gas bill could soon hit £2,000 per year, with Ovo CEO Stephen Fitzpatrick believing gas prices will ‘become an enormous crisis for 2022.’ And according to Nationwide, the average home is now worth a record £254,822, having risen a staggering £23,902 over the past year. Rents have soared to a record average high of £1,029 per month. And there’s a raft of tax rises coming in April, that the Resolution Foundation believes will make the average household £1,200 a year worse off in 2022. The question then, is one of how consumers can best put their money to use next year. Of course, every individual has different needs. But over the long term, investing has proven to generate better returns than leaving money in saving accounts. But while a third of British citizens want to start investing in 2022, most don’t know how. Source: Bloomberg Preparing to invest To re-iterate; this is general guide, and not investment advice. Personal finance is complex, and it may be better to take professional advice. That said, there are some oft-taken preparatory steps. The first is to pay off any high-interest debt. According to the UK Debt Service, the average credit card debt per household stands at £2,085, while total unsecured debt is £3,713 per adult. Bank of England figures show that the average annual interest rate on credit cards is 21.49%, and borrowers pay £122 million per day in interest alone. By comparison, the FTSE 100 rose 14.3% in 2021, its best year since 2016. An individual with average unsecured debt and credit terms is best off paying it first. The second is to max out any workplace pension, which is an incredibly tax-efficient method of investing for most employees. For some, it can make sense to invest in a Self-invested Personal Pension (SIPP) as well, but that’s beyond the scope of this article. Then it’s worth considering how much money can be comfortably invested. Many advocate for pound cost averaging; rather than investing a lump sum all at once, putting smaller amounts of money into the markets over a long period of time. It’s common to invest a set percentage of net pay each payday. While this method restricts investment at the top of the market, it also stops investors from ‘buying the dip’ and acquiring more shares for the same amount of money. And the market does ebb and flow. The UK’s most well-known index is the FTSE 100, which represents the UK’s 100 most valuable companies by market cap. In 2020, the pandemic crashed the index 14.3% to 6,460 points over the course of the year. In 2021, it rose 14.3% to 7,384 points. And as past performance is no guaratee of future results, 2022 could see similar volatility, or none. But as a rule of thumb, time in the market beats timing the market. The index is up 574% since its inception in 1984. And as short-term market volatility is relatively common, investors usually plan to keep their money in the market for at least five years, and often longer. Moreover, markets crashes are often accompanied by economic recessions— along with redundancies, corporate bankruptcies, and general upheaval. Therefore, the time when investors might need to ‘cash out’ their investments is often exactly when the investments are at rock-bottom. Therefore, it can make sense to have several months’ worth of living expenses saved in cash before starting to invest. Finally, for those under the age of 40, opening a Lifetime ISA (LISA) is a popular choice. The government will top up £4,000 of savings per year with a £1,000 tax-free bonus up until the age of 50, and account providers will add interest as well. This represents a virtually unbeatable zero-risk 20%+ rate of return. Source: Bloomberg Start investing with IG Finally, newcomers could start investing in an IG stocks and shares ISA. The advantage to this account is that there is no tax due on the capital gains or dividends earned, which is particularly pertinent as dividend tax is rising by 1.25% in the next tax year. There is a £20,000 annual maximum that can be saved across all types of ISAs, including the £4,000 LISA limit. But over time, compound returns on investments held inside the tax wrapper can create a sizeable nest egg. From this point, investing can be as complex or simplistic as desired. It can be as easy as buying a full replication FTSE 100 index tracker fund. This strategy has several advantages. The index consists solely of low-risk blue-chip companies, that generally have solid financials and dependable returns. This makes it a lower risk option and can be particularly beneficial for investors who are closer to retirement and may need to ‘cash in’ their investments during market corrections. And as it only includes UK stocks, there are no currency fees involved. Moreover, investors should already be familiar with many of the companies listed, which can help in the early days of trading. Investors can also buy into one of the other 2,000 Exchange Traded Funds (ETF) that IG offers. However, these come with their own advantages and setbacks. While competitive, there’s usually management fees and other costs. And when investors buy into an ETF, they are buying the multiple shares and other assets that the ETF has invested into. And as many ETFs follow investing trends to try to outperform the market, they can come with a higher level of risk due to weaker diversification. But naturally, with higher risk comes bigger rewards. And ETFs allow investors to buy more stocks with less research; for example, by buying an ETF that focuses on ethical investing. And it’s worth thinking about the amount of money involved; £10,000 can be a life-changing amount to one investor, and pocket money to the second. IG does offer an ETF screener that can help clients decide which to invest in. Of course, no investment is entirely risk-free. And for many, much of the enjoyment of investing is in picking individual stocks. The top FTSE 100 riser of 2021 was Ashtead Group, soaring an impressive 90%. But it’s also worth remembering the fallers; long-term shareholders of IAG or Rolls-Royce can attest to a balanced market view. For some, it can be simpler to start investing using IG’s actively managed Smart Portfolios, with management fees capped at £250 a year. Want to start investing? Go short and long with spread bets, CFDs and share dealing on 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards 2021 Charles Archer | Financial Writer, London 03 January 2022
  10. Hi @DarkMatter731, It seems that UPRO and TMF are not ISA allowed. Therefore, we can't offer them on ISA accounts. The eligibility is defined by HMRC. All the best - Arvin
  11. Hi @DarkMatter731, Your request has been submitted. All the best - Arvin
  12. Hi @cassiopeia, If you account has been locked, please reach out to helpdesk.uk@ig.com or use the live chat feature. Our team will be able to unlock your account and setup a unique email address. Once you create a live account your automatically have access to a demo account with the same login details. All the best - Arvin
  13. Hi @manpreetm, You can download MT4 on the following link : https://www.ig.com/uk/trading-platforms/metatrader-4/download-mt4#download_MT4 You will find the link on the step 5 on how to open an MT4 account: All the best - Arvin
  14. Please see the expected dividend adjustment figures for a number of our major indices for the week commencing 3rd January 2022. These are projected dividends and likely to change. IG cannot be held responsible for any changes made. Dividends highlighted in red include a special dividend, therefore some or all of the amount will not be adjusted. Amount in brackets is the expected adjustment after special dividends excluded (where shown on major indices). Dividend adjustments due to be posted on a bank holiday will usually be posted on the previous working day. If you have any queries or questions on this please let us know in the comments section below. For further information regarding dividend adjustments, and how they affect your positions, please take a look at the video. NB: All dividend adjustments are forecasts and therefore speculative. A dividend adjustment is a cash neutral adjustment on your account. Special Dividends: Index Bloomberg Code Effective Date Summary Dividend Amount RTY ZYXI US 5/01/2022 Special Div 0.1 RTY THFF US 6/01/2022 Special Div 0.53 RTY WSBF US 7/01/2022 Special Div 0.5 How do dividend adjustments work? This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
  15. Hi @Levo @andysinclair, Happy new year! I will forward your screenshot and feedback to the relevant department to find a solution. Thank you - Arvin
  16. Hi @Levo, On your Iphone, go to Settings then scroll down to your apps and IG Trading. The option to enable Face ID should be there. I hope that it helps. All the best -Arvin
  17. Hi @eastside, Thank you for your message. I definitely understand your point. I have limited information on my end. Please reach out to helpdesk.uk@ig.com or use our live chat feature for further assistance on your positions. The helpdesk will be able to investigate and provide you with further information on your positions. It could be linked to something else as I don't have all your account details on my end. But I can confirm that Oil Weekly had a pricing issue as mentioned above. Thank you - Arvin
  18. Hi @malsugnac, You will need a leverage account ( Spread Bet / CFD) to access french stocks. All the best - Arvin
  19. Hi @Taiki, I can see that NASL is allowed on ISA. The error message you received is an error that requires IG to conduct some verification to allow you to trade that ETF as it is categorised as complex. Could you please reach out to helpdesk.uk@ig.com or use our live chat feature, our helpdesk will be able to confirm some details and give you access to that ETF. All the best - Arvin
  20. Hi @FishMilan, If you are referring to the time zone of your account and the time displayed on the chart: You won't be able to change the time zone unless you open an account with another office that AUS. I will forward your feedback to the development team to add a feature to change the time zone, with US time for US stock, UK time for UK stocks for example. All the best - Arvin
  21. Main talking points: What is a Forex Trading Strategy? Forex Strategies: A Top-level Overview Price Action Trading Range Trading Strategy Trend Trading Strategy Position Trading Day Trading Strategy Forex Scalping Strategy Swing Trading Carry Trade Strategy Discover what type of forex trader is buried within your DNA with our interactive DNA FX Quiz WHAT IS A FOREX TRADING STRATEGY? A forex trading strategy defines a system that a forex trader uses to determine when to buy or sell a currency pair. There are various forex strategies that traders can use including technical analysis or fundamental analysis. A good forex trading strategy allows for a trader to analyse the market and confidently execute trades with sound risk management techniques. FOREX STRATEGIES: A TOP-LEVEL OVERVIEW Forex strategies can be divided into a distinct organisational structure which can assist traders in locating the most applicable strategy. The diagram below illustrates how each strategy falls into the overall structure and the relationship between the forex strategies. FOREX TRADING STRATEGIES THAT WORK Forex trading requires putting together multiple factors to formulate a trading strategy that works for you. There are countless strategies that can be followed, however, understanding and being comfortable with the strategy is essential. Every trader has unique goals and resources, which must be taken into consideration when selecting the suitable strategy. There are three criteria traders can use to compare different strategies on their suitability: Time resource required Frequency of trading opportunities Typical distance to target To easily compare the forex strategies on the three criteria, we've laid them out in a bubble chart. On the vertical axis is ‘Risk-Reward Ratio’ with strategies at the top of the graph having higher reward for the risk taken on each trade. Position trading typically is the strategy with the highest risk reward ratio. On the horizontal axis is time investment that represents how much time is required to actively monitor the trades. The strategy that demands the most in terms of your time resource is scalp trading due to the high frequency of trades being placed on a regular basis. 1. PRICE ACTION TRADING Price action trading involves the study of historical prices to formulate technical trading strategies. Price action can be used as a stand-alone technique or in conjunction with an indicator. Fundamentals are seldom used; however, it is not unheard of to incorporate economic events as a substantiating factor. There are several other strategies that fall within the price action bracket as outlined above. Length of trade: Price action trading can be utilised over varying time periods (long, medium and short-term). The ability to use multiple time frames for analysis makes price action trading valued by many traders. Entry/Exit points: There are many methods to determine support/resistance levels which are generally used as entry/exit points: Fibonacci retracement Using candle wicks Trend identification Indicators Oscillators Within price action, there is range, trend, day, scalping, swing and position trading. These strategies adhere to different forms of trading requirements which will be outlined in detail below. The examples show varying techniques to trade these strategies to show just how diverse trading can be, along with a variety of bespoke options for traders to choose from. 2. RANGE TRADING STRATEGY Range trading includes identifying support and resistance points whereby traders will place trades around these key levels. This strategy works well in market without significant volatility and no discernible trend. Technical analysis is the primary tool used with this strategy. Length of trade: There is no set length per trade as range bound strategies can work for any time frame. Managing risk is an integral part of this method as breakouts can occur. Consequently, a range trader would like to close any current range bound positions. Entry/Exit points: Oscillators are most commonly used as timing tools. Relative Strength Index (RSI), Commodity Channel Index (CCI) and stochastics are a few of the more popular oscillators. Price action is sometimes used in conjunction with oscillators to further validate range bound signals or breakouts. Example 1: USD/JPY Range Trading USD/JPY has been exhibiting a prolonged range bound price level over the past few years. The chart above illustrates a clear support and resistance band which traders use as entry/exit points. The RSI oscillator demonstrates timing of entry/exit points as highlighted by the shaded blue and red boxes – blue: overbought and red: oversold. Range trading can result in fruitful risk-reward ratios however, this comes along with lengthy time investment per trade. Use the pros and cons below to align your goals as a trader and how much resources you have. Pros: Substantial number of trading opportunities Favourable risk-to reward ratio Cons: Requires lengthy periods of time investment Entails strong appreciation of technical analysis 3. TREND TRADING STRATEGY Trend trading is a simple forex strategy used by many traders of all experience levels. Trend trading attempts to yield positive returns by exploiting a markets directional momentum. Length of trade: Trend trading generally takes place over the medium to long-term time horizon as trends themselves fluctuate in length. As with price action, multiple time frame analysis can be adopted in trend trading. Entry/Exit points: Entry points are usually designated by an oscillator (RSI, CCI etc) and exit points are calculated based on a positive risk-reward ratio. Using stop level distances, traders can either equal that distance or exceed it to maintain a positive risk-reward ratio e.g. If the stop level was placed 50 pips away, the take profit level wold be set at 50 pips or more away from the entry point. Example 2: Identifying the Trend In the simple example above, EUR/USD exhibits an upward trend validated by higher highs and higher lows. The opposite would be true for a downward trend. EUR/USD Trading the Trend When you see a strong trend in the market, trade it in the direction of the trend. For example, the strong uptrend in EUR/USD above. Using the (CCI) as a tool to time entries, notice how each time CCI dipped below -100 (highlighted in blue), prices responded with a rally. Not all trades will work out this way, but because the trend is being followed, each dip caused more buyers to come into the market and push prices higher. In conclusion, identifying a strong trend is important for a fruitful trend trading strategy. Trend trading can be reasonably labour intensive with many variables to consider. The list of pros and cons may assist you in identifying if trend trading is for you. Pros: Substantial number of trading opportunities Favourable risk-to reward ratio Cons: Requires lengthy periods of time investment Entails strong appreciation of technical analysis 4. POSITION TRADING Position trading is a long-term strategy primarily focused on fundamental factors however, technical methods can be used such as Elliot Wave Theory. Smaller more minor market fluctuations are not considered in this strategy as they do not affect the broader market picture. This strategy can be employed on all markets from stocks to forex. Length of trade: As mentioned above, position trades have a long-term outlook (weeks, months or even years!) reserved for the more persevering trader. Understanding how economic factors affect markets or thorough technical predispositions, is essential in forecasting trade ideas. Entry/Exit points: Key levels on longer time frame charts (weekly/monthly) hold valuable information for position traders due to the comprehensive view of the market. Entry and exit points can be judged using technical analysis as per the other strategies. Example 3: Germany 30 (DAX) Position Trading The Germany 30 chart above depicts an approximate two year head and shoulders pattern, which aligns with a probable fall below the neckline (horizontal red line) subsequent to the right-hand shoulder. In this selected example, the downward fall of the Germany 30 played out as planned technically as well as fundamentally. Towards the end of 2018, Germany went through a technical recession along with the US/China trade war hurting the automotive industry. Brexit negotiations did not help matters as the possibility of the UK leaving the EU would most likely negatively impact the German economy as well. In this case, understanding technical patterns as well as having strong fundamental foundations allowed for combining technical and fundamental analysis to structure a strong trade idea. List of Pros and Cons based on your goals as a trader and how much resources you have. Pros: Requires minimal time investment Highly positive risk-to reward ratio Cons: Very few trading opportunities Entails strong appreciation of technical and fundamental analysis 5. DAY TRADING STRATEGY Day trading is a strategy designed to trade financial instruments within the same trading day. That is, all positions are closed before market close. This can be a single trade or multiple trades throughout the day. Length of trade: Trade times range from very short-term (matter of minutes) or short-term (hours), as long as the trade is opened and closed within the trading day. Entry/Exit points: Traders in the example below will look to enter positions at the when the price breaks through the 8 period EMA in the direction of the trend (blue circle) and exit using a 1:1 risk-reward ratio. Example 4: EUR/USD Day Trading The chart above shows a representative day trading setup using moving averages to identify the trend which is long in this case as the price is above the MA lines (red and black). Entry positions are highlighted in blue with stop levels placed at the previous price break. Take profit levels will equate to the stop distance in the direction of the trend. The pros and cons listed below should be considered before pursuing this strategy. Day trading involves much time and effort for little reward, as seen from the EUR/USD example above. Pros: Substantial number of trading opportunities Median risk-to reward ratio Cons: Requires lengthy periods of time investment Entails strong appreciation of technical analysis 6. FOREX SCALPING STRATEGY Scalping in forex is a common term used to describe the process of taking small profits on a frequent basis. This is achieved by opening and closing multiple positions throughout the day. This can be done manually or via an algorithm which uses predefined guidelines as to when/where to enter and exit positions. The most liquid forex pairs are preferred as spreads are generally tighter, making the short-term nature of the strategy fitting. Length of trade: Scalping entails short-term trades with minimal return, usually operating on smaller time frame charts (30 min – 1min). Entry/Exit points: Like most technical strategies, identifying the trend is step 1. Many scalpers use indicators such as the moving average to verify the trend. Using these key levels of the trend on longer time frames allows the trader to see the bigger picture. These levels will create support and resistance bands. Scalping within this band can then be attempted on smaller time frames using oscillators such as the RSI. Stops are placed a few pips away to avoid large movements against the trade. The MACD indicator is another useful tool that can be exercised by the trader to enter/exit trades. Example 5: EUR/USD Scalping Strategy The EUR/USD 10 minute above shows a typical example of a scalping strategy. The long-term trend is confirmed by the moving average (price above 200 MA). The smaller time frame is then used to target entry/exit points. Timing of entry points are featured by the red rectangle in the bias of the trader (long). Traders can also close long positions using the MACD when the MACD (blue line) crosses over the signal line (red line) highlighted by the blue rectangles. Traders use the same theory to set up their algorithms however, without the manual execution of the trader. With this practical scalp trading example above, use the list of pros and cons below to select an appropriate trading strategy that best suits you. Pros: Greatest number of trading opportunities from all forex strategies Cons: Requires lengthy periods of time investment Entails strong appreciation of technical analysis Lowest risk-to reward ratio 7. SWING TRADING Swing trading is a speculative strategy whereby traders look to take advantage of rang bound as well as trending markets. By picking ‘tops’ and ‘bottoms’, traders can enter long and short positions accordingly. Length of trade: Swing trades are considered medium-term as positions are generally held anywhere between a few hours to a few days. Longer-term trends are favoured as traders can capitalise on the trend at multiple points along the trend. Entry/Exit points: Much like the range bound strategy, oscillators and indicators can be used to select optimal entry/exit positions and times. The only difference being that swing trading applies to both trending and range bound markets. Example 6: GBP/USD Swing Trading Strategy A combination of the stochastic oscillator, ATR indicator and the moving average was used in the example above to illustrate a typical swing trading strategy. The upward trend was initially identified using the 50-day moving average (price above MA line). In the case of an uptrend, traders will look to enter long positions with the old adage of ‘buy low, sell high’. Stochastics are then used to identify entry points by looking for oversold signals highlighted by the blue rectangles on the stochastic and chart. Risk management is the final step whereby the ATR gives an indication of stop levels. The ATR figure is highlighted by the red circles. This figure represents the approximate number of pips away the stop level should be set. For example, if the ATR reads 41.8 (reflected in the last ATR reading) the trader would look to place the stop 41.8 pips away from entry. At DailyFX, we recommend trading with a positive risk-reward ratio at a minimum of 1:2. This would mean setting a take profit level (limit) at least 83.6 (41.8 x 2) pips away or further. After seeing an example of swing trading in action, consider the following list of pros and cons to determine if this strategy would suit your trading style. Pros: Substantial number of trading opportunities Median risk-to reward ratio Cons: Entails strong appreciation of technical analysis Still requires extensive time investment 8. CARRY TRADE STRATEGY Carry trades include borrowing one currency at lower rate, followed by investing in another currency at a higher yielding rate. This will ultimately result in a positive carry of the trade. This strategy is primarily used in the forex market. Length of trade: Carry trades are dependent on interest rate fluctuations between the associated currencies therefore, length of trade supports the medium to long-term (weeks, months and possibly years). Entry/Exit points: Strong trending markets work best for carry trades as the strategy involves a lengthier time horizon. Confirmation of the trend should be the first step prior to placing the trade (higher highs and higher lows and vice versa) – refer to Example 1 above. There are two aspects to a carry trade namely, exchange rate risk and interest rate risk. Accordingly, the best time to open the positions is at the start of a trend to capitalise fully on the exchange rate fluctuation. Regarding the interest rate component, this will remain the same regardless of the trend as the trader will still receive the interest rate differential if the first named currency has a higher interest rate against the second named currency e.g. AUD/JPY. Could carry trading work for you? Consider the following pros and cons and see if it is a forex strategy that suits your trading style. Pros: Little time investment needed Median risk-to reward ratio Cons: Entails strong appreciation of forex market Infrequent trading opportunities FOREX STRATEGIES: A SUMMARY This article outlines 8 types of forex strategies with practical trading examples. When considering a trading strategy to pursue, it can be useful to compare how much time investment is required behind the monitor, the risk-reward ratio and regularity of total trading opportunities. Each trading strategy will appeal to different traders depending on personal attributes. Matching trading personality with the appropriate strategy will ultimately allow traders to take the first step in the right direction. ENHANCE YOUR FOREX TRADING If you’re new to forex trading, download our Forex for Beginners Trading guide. Register for free to view our live trading webinars which cover various topics related to the Forex market like central bank movements, currency news, and technical chart patterns. Stay up to date with major news events and economic releases by viewing our economic calendar. Successful trading requires sound risk management and self-discipline. Find out how much capital you should risk on your open trades. We also recommend viewing our Traits of Successful Traders guide to discover the secrets of successful forex traders. DailyFX provides forex news and technical analysis on the trends that influence the global currency markets. DISCLOSURES Warren Venketas , Analyst, DailyFX 30 December 2021
  22. Bitcoin hit a record £50,000 high in November, but has fallen to under £35,000 today. And as cryptocurrency goes mainstream, it's coming under increasing regulatory pressure. Source: Bloomberg Shares Commodities Cryptocurrency Bitcoin Coinbase Investor Cryptocurrency is a divisive topic. Unlike fiat currency, which is regulated by state governments, a central feature of crypto is that it is decentralised. This means that no one individual or organisation can determine the worth of any specific coin. That makes cryptocurrencies difficult to manipulate, but equally hard to stabilise through periods of volatility. Some believe that the next generation of the internet will be built on cryptocurrency blockchains. Accoring to the Financial Conduct Authority, at least 2.3 million British investors own some crypto, and institutional investors hold 4% of the world’s Bitcoin supply. El Salvador has officially adopted Bitcoin as an official currency. And Mastercard and PayPal are both allowing customers to buy cryptocurrencies on their platforms. Others think the asset class is the 21st century’s tulip bulb. The Bank of England has warned that Bitcoin could become ‘worthless’ and investors should be prepared to lose everything. Last month, the creators of a crypto named after Netflix's ‘Squid Game’ stole $3.4 million from investors in an apparent ‘rug pull’ scam. The coin is now worthless. And it’s far from the first time investors have lost money on the unregulated asset class. Elon Musk can tweet about the latest canine coin and send it into the stratosphere. But as investors in Dogecoin found out earlier this year, it can come down just as fast. But by investing in crypto stocks, it’s possible to enjoy some of the gains with less of the volatility. Of course, as crypto is still unregulated, these companies still comes with a high level of risk. Crypto stock: Coinbase shares Coinbase offers a secure online platform for buying and selling hundreds of cryptocurrencies. It launched its Initial Public Offering in April at $328 per share, valuing the company at $86 billion. Rising swiftly to $342, its share price fell to $220 by 19 July. Since early November, it’s swung between $357 and $238. Right now, the US’s largest crypto exchange is worth $261 a share. But it’s unlikely to stay still for long. Q3 2021 results presented a mixed picture for investors. Monthly transacting users fell from 8.8 million to 7.4 million, while trading volume fell from $462 billion to $327 billion quarter-over-quarter. However, a year ago it only had 2.1 million users trading $45 billion. Similarly, revenue fell from $2.03 billion to $1,24 billion quarter-over-quarter. But revenue was only $287 million in Q3 2020. The context of these results is important. It explained that with ‘global crypto spot trading volumes declining 37% in Q3 as compared to Q2, Coinbase outperformed the market with total trading volumes of $327 billion, a 29% decline in the same period.’ Moreover, the company’s net margin was a fantastic 57% over the first three quarters of 2021. As for the future, management has warned investors that ‘our business is volatile. Coinbase is not a quarter-to-quarter investment, but rather a long-term investment in the growth of the cryptoeconomy.’ Source: Bloomberg Argo Blockchain share price Like the mythological ship that aided Jason on his quest for the golden fleece, Argo Blockchain is after a 21st-century gold alternative. Shares were worth around 3p in February 2019 but had soared to a record 282p on 19 February 2021. However, it’s fallen back into penny stock territory at 96p today. In Q3 results, Argo called itself ‘a global leader in sustainable cryptocurrency mining and blockchain,’ generating record revenue of £19.3 million and mined 597 Bitcoins or Bitcoin equivalents. CEO Peter Wall said that ‘this quarter has been pivotal as Argo continues to scale.’ By the end of November, the Company owned 2,317 Bitcoin or Bitcoin Equivalents. Moreover, it has maintained a gross margin of 120% and an industry-leading mining margin of 85%. In July, Argo started building its new Texas-based renewable energy-focused 200-megawatt mining facility. In September, it agreed to buy 20,000 Bitmain Antminer S19J Pro machines for the facility, which have the potential to nearly quadruple the company’s mining capacity. It also listed itself on the NASDAQ, allowing the miner to better tap into financing on both sides of the Atlantic. The miner’s stock price is strongly tied to the value of Bitcoin. And while the world’s most well-known crypto has had a stellar year, scholars will note that Jason was eventually killed by one of the Argo’s beams, when it fell on him as he slept. Go short and long with spread bets, CFDs and share dealing on 16,000+ shares with the UK’s No.1 platform.* Learn more about trading shares with us, or open an account to get started today. * Best trading platform as awarded at the ADVFN International Financial Awards 2021 Charles Archer | Financial Writer, London 30 December 2021 02:12
  23. Hi @Taiki, NASL was added to share dealing accounts. Could you please check if it is accessible on your ISA account? Thank you - Arvin
  24. Hi @Levo, I forwarded your query to the iOS development team directly to come back to me with a answer. I will let you know as soon as I have an answer. Thank you - Arvin
  25. Hi @eastside, Thank you for your message. There was an issue with the pricing of this market: Palpably wrong price The issue was with the model whereby there was 0% vol. IG protects itself against such rare occurrences. Please reach out to helpdesk.uk@ig.com or use our live chat feature for further assistance on your positions. All the best - Arvin
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