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THE BENEFITS OF A SIMPLE STRATEGY Traders tend to overcomplicate things when they’re starting out in the forex market. This fact is unfortunate but undeniably true. Traders often feel that a complex trading strategy with many moving parts must be better when they should focus on keeping things as simple as possible. This is because a simple strategy allows for quick reactions and less stress. If you’re just getting started, you should seek the most effective and simple strategies for identifying trades and stick with that approach. DISCOVER THE BEST FOREX INDICATORS FOR A SIMPLE STRATEGY One way to simplify your trading is through a trading plan that includes chart indicators and a few rules as to how you should use those indicators. In keeping with the idea that simple is best, there are four easy indicators you should become familiar with using one or two at a time to identify trading entry and exit points: Moving Average RSI (Relative Strength Index) Slow Stochastic MACD Once you are trading a live account a simple plan with simple rules will be your best ally. USING FOREX INDICATORS TO READ CHARTS FOR DIFFERENT MARKET ENVIRONMENTS There are many fundamental factors when determining the value of a currency relative to another currency. Many traders opt to look at the charts as a simplified way to identify trading opportunities – using forex indicators to do so. When looking at the charts, you’ll notice two common market environments. The two environments are either ranging markets with a strong level of support and resistance, or floor and ceiling that price isn’t breaking through or a trending market where price is steadily moving higher or lower. Using technical analysis allows you as a trader to identify range bound or trending environments and then find higher probability entries or exits based on their readings. Reading the indicators is as simple as putting them on the chart. TRADING WITH MOVING AVERAGES One of the best forex indicators for any strategy is moving average. Moving averages make it easier for traders to locate trading opportunities in the direction of the overall trend. When the market is trending up, you can use the moving average or multiple moving averages to identify the trend and the right time to buy or sell. The moving average is a plotted line that simply measures the average price of a currency pair over a specific period of time, like the last 200 days or year of price action to understand the overall direction. LEARN FOREX: GBPUSD DAILY CHART - MOVING AVERAGE You’ll notice a trade idea was generated above only with adding a few moving averages to the chart. Identifying trade opportunities with moving averages allows you see and trade off of momentum by entering when the currency pair moves in the direction of the moving average, and exiting when it begins to move opposite. TRADING WITH RSI The Relative Strength Index or RSI is an oscillator that is simple and helpful in its application. Oscillators like the RSI help you determine when a currency is overbought or oversold, so a reversal is likely. For those who like to ‘buy low and sell high’, the RSI may be the right indicator for you. The RSI can be used equally well in trending or ranging markets to locate better entry and exit prices. When markets have no clear direction and are ranging, you can take either buy or sell signals like you see above. When markets are trending, it becomes more obvious which direction to trade (one benefit of trend trading) and you only want to enter in the direction of the trend when the indicator is recovering from extremes. Because the RSI is an oscillator, it is plotted with values between 0 and 100. The value of 100 is considered overbought and a reversal to the downside is likely whereas the value of 0 is considered oversold and a reversal to the upside is commonplace. If an uptrend has been discovered, you would want to identify the RSI reversing from readings below 30 or oversold before entering back in the direction of the trend. TRADING WITH STOCHASTICS Slow stochastics are an oscillator like the RSI that can help you locate overbought or oversold environments, likely making a reversal in price. The unique aspect of trading with the stochastic indicator is the two lines, %K and %D line to signal our entry. Because the oscillator has the same overbought or oversold readings, you simply look for the %K line to cross above the %D line through the 20 level to identify a solid buy signal in the direction of the trend. TRADING WITH THE MOVING AVERAGE CONVERGENCE & DIVERGENCE (MACD) Sometimes known as the king of oscillators, the MACD can be used well in trending or ranging markets due to its use of moving averages provide a visual display of changes in momentum. After you’ve identified the market environment as either ranging or trading, there are two things you want to look for to derive signals from this indictor. First, you want to recognize the lines in relation to the zero line which identify an upward or downward bias of the currency pair. Second, you want to identify a crossover or cross under of the MACD line (Red) to the Signal line (Blue) for a buy or sell trade, respectively. Like all indicators, the MACD is best coupled with an identified trend or range-bound market. Once you’ve identified the trend, it is best to take crossovers of the MACD line in the direction of the trend. When you’ve entered the trade, you can set stops below the recent price extreme before the crossover, and set a trade limit at twice the amount you’re risking. Written by: Tyler Yell ( Currency Strategist, Daily FX) Source: Daily FX

Hi @rayner0113 Likely because you were trying to buy US ETFs which we no longer offer to retail clients, please refer to the following forum for details: All the best, Anda

Hi @SparkyC Thanks for reaching out, It will be measured from the opening price to the closing price on the daily candle. So on 24 hr markets a day would start and end at midnight whereas on a UK share it would run from 08:00 to 16:30. All the best, Anda

MANAGING FEAR AND GREED WHILE TRADING: MAIN TALKING POINTS Fear and greed are two drivers that influence our everyday lives These influences carry over to trading and can be detrimental Traders can remove these drivers by looking at the big picture and planning ahead Fear and greed are often identified as the main drivers of financial markets. This is clearly an oversimplification, however fear and greed do play an important role in the psychology of trading. Understanding when to embrace or tame these emotions could prove to be the difference between a successful trade and a short-lived trading career. Keep reading to learn more about fear and greed in trading, including when these emotions are likely to surface and how best to manage them. THE TRUTH ABOUT FEAR AND GREED WHILE TRADING ‘Fear and greed’ can be commonplace among traders and can be rather damaging if not managed properly. Fear is often observed as the reluctance to enter a trade or the closing of a winning trade prematurely. Greed on the other hand manifests when traders add more capital to winning trades or over-leverage with the aim to profit from small moves in the market. There are numerous traces of the origins of these two drivers, but when analyzed logically greed and fear both stem from the innate human instinct of survival. What is fear? We know that fear is somewhat related to the fight-or-flight instinct that exists in each and every one of us. It is what we feel when we recognize a threat. Traders experience fear when positions move against them as this poses a threat to the trading account. Watching a position move against you invokes the fear of realizing that loss and so traders tend to hold on to losing positions for much longer than they should. In fact, this was discovered as the number one mistake traders make when DailyFX researched over 30 million live trades to unearth the Traits of Successful Traders. A second scenario where fear tends to get the better of traders is right before entering the market. Despite the analysis pointing towards a strong entry, traders may find themselves bogged down by the fear of loss and end up walking away from a well thought out trade. Fear is often present when markets have crashed and traders are reluctant to buy at the bottom. In this scenario traders often decide not to enter a trade out of fear that the market will drop further and miss out on the rise higher. What is greed? Greed is very different to fear but can easily land traders in as much hardship if not managed appropriately. It tends to arise when a trader decides to take advantage of a winning trade by devoting more money to the same trade, in the hope that the market will continue to move in the trader’s favor. Greed can also surface when traders experience a losing trade and decide to ‘double down’, in the hope that throwing more money at the problem will help the position turn positive. From a risk management point of view this is very risky if the market continues to move against the trader and can quickly turn into a margin call. Greed has appeared many times in the financial markets. one such time was during the dot-com bubble where individuals bought more and more internet stocks and inflated their value tremendously before it all came crashing down. A more recent example is bitcoin; investors piled into the cryptocurrency thinking it could only increase in value before it too came crashing down. Learn more about major financial bubbles, crises and flash crashes. HOW TO MANAGE GREED AND FEAR TO BE A SUCCESSFUL TRADER There are several ways to take control of your emotions and make sure fear and greed do not influence your trading decisions or overall success. 1) Have a Trading Plan Traders should have a trading plan in place to avoid any emotional impulses that deviate from the plan. Some examples of this include: overleveraging, removing stops on losing positions, doubling down on losing positions. 2) Lower Trade Sizes “One of the easiest ways to decrease the emotional effect of your trades is to lower your trade size” – James Stanley, DFX Currency Strategist This was one of the many good points made in our article focusing on managing the emotions of trading. Furthermore, the article continues to state that placing a large trade on a demo account will not result in any lost sleep, as there is no actual financial risk. However, traders will most certainly experience stress after witnessing price swings on a large live trade. Such stress has the potential to lead to bad decisions which may impact the trading account negatively, so it is crucial to keep these in check. 3) Keep a Trading Journal Traders also need to be accountable to themselves when trading. The best way to do this is to create a trading journal. Trading journals assist traders to record their trades and make note of what is working and rectify strategies that aren’t. Its important to remove all emotion when evaluating the results of your trades and cut unsuccessful strategies. If you’re a currency trader, read our guide to keeping a forex trading journal. 4) Learn From Others At DailyFX we set out to discover what had worked for traders in the past so that others may be able to benefit from those traits in the future. The result of this is the Traits of Successful Traders research. This research shows that emotion plays a significant part in trading, as it was found that on average, traders lost money even though there were more winning trades than losing trades. This was because the losing trades outweighed winning trades i.e. traders stood to lose more when the market went against them than they would receive if the market moved in the traders’ direction. Traders can look to tackle fear and greed in trading by instituting the thesis from this research, stated by David Rodriguez as: ‘Traders are right more than 50% of the time but lose more money on losing trades than they win on winning trades. Traders should use stops and limits to enforce risk/reward ratio of 1:1 or higher.’ Written by Richard Snow (Daily FX, Analyst) Source: Daily FX

Hi @kanpro123 Thanks for reaching out, The minimum stop distances on markets is controlled by our dealing desk. During periods of high volatility minimum distances are increased. Then when volatility is reasonable they will revert back to the normal setting. The minimum distances will be larger on guaranteed stops during periods of high volatility to reflect the level of risk that IG is willing to take on. Unfortunately it is not one where we can confirm when it will occur and for how long as this is all dependent on market movement. All the best, Anda

Hi @jamesbchip Thanks for reaching out, Our broker is yet to receive the share certificates from the registrar. As soon as they do, these will be booked in bulk for all clients at the same time. All the best, Anda

Hi @mishutak Thanks for confirming, the process is similar for Australian accounts too. The statements have not been released yet in Australia as well. You should be sent communication when the statements are ready for download. All the best, Anda

Hi @mishutak Thanks for reaching out, Tax statements have not been released yet, you can find more details from the following forum: All the best, Anda

Hi @ChristianJS Yes you can sell when the market opens. The market price is $14.22 per share at the moment. So around $42 profit if you manage to sell at that price. All the best, Anda

Hi @ChristianJS You own the shares in WBD even though you did not pay for them. You received the shares as a benefit due to your holding in AT&T. If you would like to get rid of the shares you can simply sell them on the platform as you would with any other share. All the best, Anda

Hi @ChristianJS Apologies for the confusion, Yes the book cost is correct to reflect as zero as you did not pay for them. However they do have a market value as they are currently trading on exchange. Thus when you do decide to sell them your profit will be 3 x market price at the time i.e. they are not worthless. Market price is $14.22 per share at the moment. Let me know if you have any further questions. All the best, Anda

Hi @yan1006 Thanks for reaching out, Appears to have been a temporary issue affecting demo accounts. Can you confirm if it is working your side now? All the best, Anda

Hi @ChristianJS I believe the below screenshot were the terms of the event: Therefore you should receive 0.241917 shares in WBD for each AT&T share that you own. You still continue to keep your AT&T holdings. Book cost and average price will be zero as you had not paid for the shares. https://techcrunch.com/2022/04/11/the-warner-bros-discovery-deal-has-officially-closed/ All the best, Anda

Hi @Mellstock Our daily options will usually start at 07:30 UK time on a Monday. All the best, Anda

Hi @Mellstock Thanks for reaching out, Daily options on Oil are closed for the day due to the bank holiday in the US (Juneteenth). All the best, Anda

Hi @NotAlwaysVolatile Thanks for reaching out, We are aware of the issue. Our IT team is working on a fix. Hopefully it will be resolved soon. All the best, Anda

Hi @Greg1959 Yes that is the correct terminology, the CTCs for this financial year are yet to be released. You can find details about these certificates on the following blog: All the best, Anda

Hi @jiji We would not have the solution as it is a third party platform, but you can try vising PRT customer support. https://www.prorealcode.com/ All the best, Anda

Hi @jiji Thanks for reaching out, unfortunately this is not possible on the IG platform. You could however add them on MT4 or PRT. All the best, Anda

Triangle patterns have three main variations and appear frequently in the forex market. These patterns provide traders with greater insight into future price movement and the possible resumption of the current trend. However, not all triangle formations can be interpreted in the same way, which is why it is essential to understand each triangle pattern individually. Forex triangle patterns main talking points: Definition of a triangle pattern Symmetrical triangles explained Ascending and descending triangle patterns Key points to remember when trading triangle patterns WHAT IS A TRIANGLE PATTERN? A forex triangle pattern is a consolidation pattern that occurs mid-trend and usually signals a continuation of the existing trend. The triangle chart pattern is formed by drawing two converging trendlines as price temporarily moves in a sideways direction. Traders often look for a subsequent breakout, in the direction of the preceding trend, as a signal to enter a trade. This article makes use of line chart illustrations to present the three triangle chart patterns. Traders ought to familiarize themselves with the three technical analysis charts and figure out which one suits them best, although, most prefer using forex candlestick charts. SYMMETRICAL TRIANGLES The symmetrical triangle can be viewed as the starting point for all variations of the triangle pattern. As the name suggests, a triangle can be seen after drawing two converging trendlines on a chart. The difference between the symmetrical and the other triangle patterns is that the symmetrical triangle is a neutral pattern and does not lean in any direction. While the triangle itself is neutral, it still favors the direction of the existing trend and traders look for breakouts in the direction of the trend. Symmetrical triangle trading strategy Triangles provide an effective measuring technique for trading the breakout, and this technique can be adapted and applied to the other variations as well. The AUD/USD chart below shows the symmetrical triangle. The vertical distance between the upper and lower trendline can be measured and used to forecast the appropriate target once price has broken out of the symmetrical triangle. Its important to note that finding the perfect symmetrical triangle is extremely rare and that traders should not be too hasty to invalidate imperfect patterns. Traders ought to understand that triangle analysis is less about finding the perfect pattern and more about understanding what the market is communicating, through price action. ASCENDING TRIANGLE PATTERN The ascending triangle pattern is similar to the symmetrical triangle except that the upper trendline is flat and the lower trendline is rising. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. Price approaches the flat upper trendline and with more instances of this, the more likely it is to eventually break through to the upside. Ascending triangle trading strategy An ascending triangle can be seen in the US Dollar Index below. Leading on from the existing uptrend, there is a period of consolidation that forms the ascending triangle. Traders can once again measure the vertical distance at the beginning of the triangle formation and use it at the breakout to forecast the take profit level. In this example, a rather tight stop can be placed at the recent swing low to mitigate downside risk. DESCENDING TRIANGLE PATTERN The descending triangle pattern on the other hand, is characterized by a descending upper trendline and a flat lower trendline. This pattern indicates that sellers are more aggressive than buyers as price continues to make lower highs. Descending triangle trading strategy Below is a good example of the descending triangle pattern appearing on GBP/USD. A downtrend leads into the consolidation period where sellers outweigh buyers and slowly push price lower. A strong break of the lower trendline presents traders with an opportunity to go short. In this example, it doesn’t take long for the position to move in the opposite direction, highlighting the importance of setting an appropriate stop level. The take profit level is set using the vertical distance measured at the beginning of the descending triangle formation. TRADING WITH TRIANGLE PATTERNS: KEY THINGS TO REMEMBER Always be cognisant of the direction of the trend prior to the consolidation period. Make use of upper and lower trendlines to help identify which triangle pattern is being formed. Use the measuring technique discussed above to forecast appropriate target levels Adhere to sound risk management practices to mitigate the risk of a false breakout and ensure a positive risk to reward ratio is maintained on all trades. Written by: Richard Snow (Analyst, Daily FX) Source: Daily FX

Hi @RWillis Thanks for reaching out, in the US pre-market you would need to use the Day-All Sessions expiry instead of the Day expiry when trading an all-sessions share. This is the appropriate order expiry before and after the US main session. All the best, Anda

Hi @wathers Thanks for reaching out, Can you please try change the expiry of your order to day-all sessions as we are still in the pre-market. All the best, Anda

Hi @Jomal2014 Thanks for reaching out, Try sending a technical report through the help center as illustrated below. PRT support should then be able to help. All the best, Anda

Hi @keks Thanks for reaching out. Unfortunately it is not possible to configure this at the moment. We will put your suggestion forward as client feedback though. All the best, Anda

Hi @als1963 Yes that is correct, on the IG platform you can change the price, simply right click on the chart then select price, then mid/bid or ask: All the best, Anda