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ArvinIG

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Everything posted by ArvinIG

  1. Hi @WIRANZ, There is no Share trading account for New Zealand unfortunately, you can only trade shares via leverage (CFD). All the best - Arvin
  2. Hi all, There is unfortunately a delay in the release of the CTC. We apologies for any inconvenience caused. We will let you know as soon as they are ready. Thanks - Arvin
  3. Hi @Citygirl, I believe that the only two themes available or White and Dark. I will reach out to the relevant department and forward your feedback as someone with sensitive eyes. All the best - Arvin
  4. Hi @Swaledale, Please make sure that your position of Thomas Cook has been closed. If that's the case it should be removed immediately from your open positions. You can send a screenshot of your order history and open position to helpdesk.uk@ig.com to assist you further or call 0800 195 3100 ASAP if you want to close your position. All the best - Arvin
  5. Hi @arjun4107, Once you uploaded your documents it still takes some time to get your account activated. The best way to get an update to your application if to email the account opening team from the correspondence you received from them. All the best - Arvin
  6. Hi @NatB, Most of the time if your Available to withdraw funds are lower than your Available funds, it is because you have unsettled cash to be credited ( sold shares recently 2-3 business days) or to be debited. I hope that it helps! All the best - Arvin
  7. Hi @Toaster, You will need to complete an Off-Market transfer form available here. I hope that it helps! All the best - Arvin
  8. Hi @Ravuol, Could you please elaborate on strange fees to assist you further? You can refer to this page for the fees https://www.ig.com/uk/investments/share-dealing/costs-fees. If you need further assistance you can take a screenshots of the transaction you need more information about, and send it to helpdesk.uk@ig.com. Thank you - Arvin
  9. Hi @Tahushi, When you buy and sell shares in a currency different to your account currency, we will convert currencies at the time of execution based on the best available bid / offer exchange rates, plus our spread of 0.5%. We use the same process for converting while buying and selling. If you wish to hold on USD and convert your currencies later you can use the "Manual conversion " settings but it will change your trading fees as explained here here.
  10. IG’s FTSE 100 pre-market estimates point to the benchmark opening slightly higher on Tuesday. Source: Bloomberg Indices Shares CFD United Kingdom IG Group COVID-19 pandemic in the United Kingdom FTSE 100 Futures were trading as high as 7,135 on Tuesday (13 July 2021) This is up from the previous day’s closing of 7,125 The Footsie ended higher on Monday, after the UK government confirmed that all remaining Covid-19 restrictions will be lifted from 19 July Airline stocks like IAG and easyJet, however, remained suppressed DailyFX analyst Justin McQueen says the index’s overall trend remains higher Interested to go long or short on the FTSE 100 index without having to put up the full cost? Explore your options by opening a full or demo account with us today. FTSE 100 Futures: What’s the latest? UK blue-chip barometer FTSE 100 index is slightly up in overnight trading, IG data indicates. IG's live FTSE 100 Futures price estimates showed the index trading at a median level of 7,129 as at 04:55 GMT+1 on Tuesday (13 July 2021). Earlier, the index had hit as high as 7,135. This represents a slight increase from the previous day’s gains, when the Footsie had closed 3.54 points higher at 7,125.42. Why did the FTSE 100 close higher on Monday? The FTSE 100 finished higher on Monday, after UK Prime Minister Boris Johnson confirmed that the UK will lift all remaining Covid-19 restrictions, including the wearing of masks and the need for social distancing, from 19 July 2021. ‘We think now is the right moment to proceed... But it is absolutely vital that we proceed now with caution and I cannot say this powerfully or emphatically enough - this pandemic is not over,’ Johnson said during a press conference. Early gains on Wall Street also helped to boost the Footsie in the latter half of the session. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite indexes were up by 0.2%, 0.3% and 0.1% respectively as at the close of trading in London. Joshua Mahony, senior market analyst at IG, said: ‘A slow start to the week has seen European and US markets enjoy marginal gains in a bid to follow Friday’s impressive surge for stocks.’ Despite the lockdown update, travel stocks remained under pressure throughout the session, with airlines suffering the largest losses. IAG concluded 4% lower, with easyJet not far behind on a 3.5% drop. ‘Airlines are likely to continue on a relatively bumpy path as the UK shows its willingness to allow Covid levels to surge as a result of the reopening efforts,’ said Mahony. What’s the FTSE outlook this week? While the FTSE continues to be in a consolidation phase and hold a 7000-7200 range, the overall trend remains higher, according to DailyFX analyst Justin McQueen. That’s because the recent easing of lockdown measures will likely be reflected in the latest UK inflation figures, he said, adding that risks are thus ‘tilted to the upside’. ‘Similarly, inflationary pressures will be observed in the upcoming employment report, although, as the BoE (Bank of England) have stressed, the labour market will come into greater scrutiny once employment support programs expire in September,’ McQueen further noted. ‘That said, direction in the FTSE 100 will stem from broader risk trends as opposed to domestic data.’ How to trade FTSE 100 index You can take a position on the FTSE 100 for just a small initial deposit with spread bets or Contracts for Differences (CFDs). Spread bets are completely tax-free, while CFDs are free from stamp duty. CFDs also give you direct market access (DMA), providing increased transparency useful for more advanced traders. Open an account to start trading now. Kelvin Ong | Financial writer, Singapore 13 July 2021
  11. Hi @HelpPleaseImLost, If you go to My IG > Dashboard > Add an account , do you have the option to add an account there? I hope that it helps ! All the best - Arvin
  12. Hi @dixieg, IG offers pre-market and after-market on US shares. CFD and spread bets on All Session US shares 9am to 1am Monday to Thursday, and 9am to 10pm Friday (UK time) Share dealing on All Session US shares 12pm to 10:30pm Monday to Thursday, and 12 to 10pm Friday (UK time) You can find further details here. All the best - Arvin
  13. Hi Sudoh, I would recommend to contact our help desk or account opening team to follow up on your application. All the best - Arvin
  14. Hi @Haughian @Mono @sharandeep, When this message comes up the best thing to do would be to call us on 0800 195 3100 , we will be able to check with the dealing desk to advise on if the market is available to trade or not. It could be that the dealers are updating the platform too. All the best - Arvin
  15. Hi @JAFAR, You can find news, analysis and an economic calendar directly from the IG Trading Platform: You can use this link too https://www.ig.com/uk/marketanalysis/ig-economic-calendar . I hope that it helps ! All the best - Arvin
  16. Hi @Shw, You can add funds on My IG > Demo Accounts > Deposit funds please see picture below: I hope that it helps! All the best - Arvin
  17. Hi @Tahushi, Unfortunately there is no alternative to short sell on non leverage account as you will need to own the shares first. All the best - Arvin
  18. Hi @waaf75, Have you check this link https://labs.ig.com/rest-trading-api-reference ? You can try to send us screenshots, it might help to identify the issue. All the best - Arvin
  19. 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. Warren Venketas, Markets Writer 13 July 2021
  20. The largest chip maker in the US saw its shares decline despite a trio of price target upgrades this week. Source: Bloomberg Shares Nvidia United States Price Market trend Stock Nvidia Corp (NASDAQ: NVDA) share price ended 2.3% lower on Thursday (08 July 2021) This trailed the S&P 500, which finished the day 0.86% lower The stock’s decline was also despite bullish price revisions newly issued by Truist, Oppenheimer and KeyBanc analysts Interested to trade NVDA shares? Open an account with us today to get started. Nvidia stock price: What’s the latest? Nvidia shares closed 2.3% lower on Thursday, despite new price target upgrades. Truist Securities analyst William Stein was much more bullish in his latest investment thesis, lifting his firm's price target on Nvidia to US$910 from US$768 previously, while maintaining a ‘buy’ rating on the shares. The analyst wrote that the data centre end market is likely to ‘continue to grow rapidly’, based on an analysis of sector trends. Stein also increased his 2022 earnings per share estimate for Nvidia to US$18.13 from US$17.08 in his latest note published earlier in the day, citing an analysis of the company’s software monetisation figures. Finally, he believes that the chip maker will remain a leader in parallel computing solutions, which will continue to drive its long-term structural growth. How do other analysts view NVDA shares? Oppenheimer’s equity research team also raised its price target on NVDA to a much more optimistic US$925 from US$700 before, alongside an unchanged ‘outperform’ call. Analyst Rick Schafer predicts that Nvidia, along with other semiconductor stocks, are likely to beat analyst estimates in the upcoming quarters, as sectoral demand remains strong across the board. KeyBanc analyst John Vinh was the most bullish of the lot, raising his firm’s price target to US$950 from US$775. He maintained an ‘overweight’ recommendation on the shares, citing a recent confirmation that gaming demand remains robust and has not been inflated by cryptocurrency mining trends. The stock has rallied 14.7% in the last one month. The latest analyst sentiments published by MarketBeat show a consensus rating of ‘buy’ and price target of US$720.32 on NVDA. The price target equates to a potential 9.5% downside from the counter’s last traded price of US$796.11. Nvidia’s ARM takeover deal gets boost Nvidia shares rallied 3.5% after three of the world’s largest chip makers publicly endorsed its proposed US$40 billion acquisition of UK-based semiconductor group Arm Ltd. They included Nvidia’s US rivals Broadcom Corp. and Marvell Technology, Inc., as well as Taiwan-based MediaTek Inc. That update saw Citi analyst Atif Malik raising the success probability of the ARM acquisition deal to 30% from 10% previously. The analyst said that the news is a ‘big step forward’ and that UK authorities will probably end up approving the deal because of Nvidia’s commitment to investing more into Arm. However, Malik believes that China is less likely to approve the deal and that the ‘path remains narrow’, as it could potentially hurt their access to Arm. How to trade Nvidia shares Take your position on US shares for just a small initial deposit with spread bets or CFDs. Spread bets are completely tax-free, while CFDs are free from stamp duty. You can also buy and take ownership of US shares commission-free with us. Whether you trade or invest, you’ll get access to pre-market and after-hours trading on 70 US stocks. Open an account to get started. Kelvin Ong | Financial writer, Singapore | Publication date: Friday 09 July 2021 21:36
  21. Hi @CJM2, at the bottom of the table you should be able to see how much is needed now to subscribe to the data feeds. On your balance, make sure that your are looking at your actual balance and not the available funds. If you have funds settling your balance might be lower than your available funds. If the issue is persisting, please reach out to our helpdesk with a screenshot at helpdesk.au@ig.com. All the best - Arvin
  22. Hi @creampuff, It usually takes a couple of days once the account opening team have all the information they need. All the best - Arvin
  23. Hi Meghan. Shares purchased through IG are registered in CHESS under Citicorp Nominees Pty Limited, with a CHESS Participant Identification Number (PID) 20018. The PID number would be what you will need to provide as opposed to an HIN. All the best - Arvin
  24. Hi Radha, to open a Share trading account in Australia you will need to be a sole tax resident of Australia. You will need a Tax File Number. When you create your account you can select your country of residence, from there the website will guide you the right region to create an account. All the best - Arvin
  25. Hi Jayesh, you can have a look on My IG > Settings , if a refer a scheme is available you will see Refer a friend on the left hand side column. All the best - Arvin
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