[Currency]

12 minutes ago, MrE said:

Hi Caseynotes,

 

Thank you for replying. So is the execution number is the percentage of your investment, e.g. lets say I deposit £100. My instant execution is 0.05 for one order and another order is 5.0. Are they both 5% of my initial investment.

 

Thank you for bearing with me.

Kind regards

The reason for the low max % risk is so a string of losses (inevitable) won't blow the account or deplete it to such an extent as to be untenable, to survive is the first goal.

So if your account size is £100 and you are willing to risk 5% on any single trade then your max risk is £5.

If your stop loss needs to be 10 points then your position size should be set to £0.5/point

If your stop loss needs to be 5 points then the position size should be £1/point.

If your stop loss needs to be 20 then you need to be on a mt4 account where position size goes down as low as £0.1/point 🙂

[Gold Weekly]

Gold grinds higher after re-capturing 1400.

H4 chart;

[Dax & Dow]

Dax storms up to the pivot on the London open, finds sellers waiting.

M15 charts;

[Currency]

6 hours ago, MrE said:

Hi fellow traders,

I am new to trading and I am really struggling in terms of buying. I an currently just using the demo to get to grips with everything.

 

When i purchase and lets say gbpusd at 1.1254 and execution of lets say 1.0, how do I calculate how much I am spending. 

 

Any help would be appreciated.

 

Kind regards

Hi, because you are not actually taking delivery of the underlying but rather taking a position on the future direction of the market then it's not so much a case of how much you are spending but more a case of how much you are risking.

So you have decided gbp will gain in relation to usd and are willing to risk £? in the expectation your decision is correct and the market will rise so you will be able to realise a profit.

The £? risk is the number of points of your stop loss on the trade x the position size in £/point and is displayed on the deal ticket.

You will probably not want to risk more than a certain percentage of you total account balance on any single trade, for most traders that will be between 0.5% and 5% depending on your risk appetite.

So if your stop loss is a large number of points away then the position size of the trade will need to be relatively small (and vis-versa) in order to fit within your risk appetite percentage.

[Dax & Dow]

Overnight looking for support. Daily pivots using Friday's data, Dax currently resting on S1 with Dow heading towards S1, may all turn around on the European open at 7am or the London open at 8am so watching firstly for who controls the pivot to indicate this morning's direction.

[Indices]

All following Dow which is just pulling off the highs, support at 26708.

Daily charts;

Daily quiz; If the neckline gets broken name the pattern on the weekly S&P below. Clue; It's not called an inverse Head and Shoulders.

 

[Chart function]

32 minutes ago, nickgurney said:

Chart function is not working/displaying data - any clues or tips please?

Hi, probably site permissions problem. 

Click on the padlock icon in the IG page url.

In site settings check java and flash are set to 'Allow'  (not 'ask').

Exit settings and click on the 'Reload page' banner.

[Daily Dashboard]

Indices down Bonds up, USD down Crypto down oil flat gold up, chart China 300 down 2.5%.

Quiet week on the calendar, German manu production figures today.

[Can't create MT4 demo account]

7 minutes ago, wezza said:

I've downloaded the MT4 platform and in trying to create a demo account from the platform, the 'Next' button remains greyed out after I've inputed my details and will not let me proceed.

Any ideas?

Hi, if you have added your details you also need to check the box agreeing to receive some news letter or something, don't know why because you never get anything but next won't highlight if you don't. 

[Need help with first time downloading IG MT4]

10 hours ago, Addison said:

Still the same, I must declare that I am using PlayOnMac, Wine (System), ig4setup.exe

Hi, the problem may be that the market is closed, check by opening a chart in which the market is open such as Bitcoin (BTCUSD in the Forex section) to see if the order ticket comes alive.

[No more course]

12 hours ago, gpan808 said:

Hello! I am trying to resume my Intermediate level course 'Technical Analysis' but every time I choose my lesson I am linked to a page guiding me to download the app or create account(which I have already done). 

How could I continue my course? 

Hi, check that you have logged into IG before going to the relevant Academy pages. 

[Bitcoin halving event]

Just looking at the H4 and H1 charts and note BTC is responding remarkably precisely to this down trendline from the June high. 

[Rtmc]

👍

 

[Viewing IGTV on demand and chart windows]

16 hours ago, psycho said:

Could someone please tell me how to view the IGTV live in a separate window to my platform?  I tried to do that by using multiple windows but then couldn't find the chart I was looking for.  Also, the fact that all the windows are in one browser window and you can't have more than one session open make simultaneous viewing of a chart and the IGTV live impossible.

 

Thanks in advance.

Hi psycho, in your workspace if you click on the 'notifications' tab will show IGTV and when you click on it it will be added to your workspace. 

or, you can open a new workspace and in the dropdown box select 'open in a new browser tab' then open 'notifications' and click on IGTV to add it the new workspace so you have IGTV on it's own workspace page

or you could open a new browser page and put https://community.ig.com/igtv/ in the url so you have IGTV outside the platform altogether.

[Rtmc]

10 hours ago, Rtmc said:

Hi Forum,

I was just wanting to know how the margin requirements work with "events"** (**eg NFP,  Central bank Rate announcements, FOMC, etc...)

Not sure if it reflects in the demo trading platform, but my understanding is that the margin requirement increases around these events(certainly in ones live account). 

1. How long before the "events"** do these increased margin requirements kick in and how long after the event**? 
2. What would happen in the instance where one has an open position(with a guaranteed stop loss in place), and one does not have sufficient margin in the account? {I also am assuming that the account is a "limited risk account"}.
3. How much is the increase in margin requirement?

Hi, the margin requirement shouldn't change for retail clients and only very rarely for professional clients, you may be meaning the spread in which case see the reply in the thread linked below.

The demo platform should relay the same change in spread as the live platform.

 

[Dow spread]

13 hours ago, ha05230 said:

I’d like to know the answer to this too, since it’s not a US holiday and normal Friday trading???

Hi, see the reply in this thread to the same question;

 

[Spread of Wall Street cash CFD]

14 hours ago, Allen said:

Hi Gentlemen:

The spread of Wall Street cash CFD is still 2.4 even though the New York stock market is open. Should it be 1.6?

Maybe there is a special reason for IG to keep 2.4 as the spread?

Regards,

Allen

Hi, IG operate a variable spread system which means they take the spread of the liquidity provider and add their markup, normally this gives very low spreads compared to fixed spreads and commissions but in times of high volatility and/or low liquidity the spread offered by the liquidity providers will increase for a period, this will usually happen around times of major news releases such as the US NFP.

[Need help with first time downloading IG MT4]

9 hours ago, Addison said:

I'm having the same issue. Is there any data files I can load from IG?

Hi, due to the time of your post the problem with mt4 may have been due to IG's routine Friday evening shut down, if you are still experiencing problems check the feed from the IG server as in the posts above and try a rescan. Post again if that doesn't resolve the issue.

[platform closed for trading]

8 hours ago, abiasper said:

Hi everyone,

I am new to the platform, i have a bitcoin trade active at the moment and the server is down for maintenance, will my trade pick up at the current market value at 12am when the platform is back up and running?

Thanks

Hi @abiasper, @Kay01,  all IG platforms are down for maintenance and updates late Friday evenings (UK time) for a few hours with the Crypto and weekend markets opening again a 4am Saturday.

A red cross next to the asset name means the market is closed, a blue pencil icon means the market is closed but you can make changes, add orders etc and a green dot means the market is open. 

All open trades will be carried over when the market re-opens. 

[Non-farm Payrolls - What is it and what can we expect today?]

So due to the high jobs figure some of the bets on a July rate cut are coming off so USD up and Gold down but the data was actually mixed, the average hourly earnings was a miss, wages are stuck in relatively low growth, that will keep inflation down and is a plus for a lowering of rates so we may see some correction in the coming hours to an initial over reaction to the data.

[Non-farm Payrolls - What is it and what can we expect today?]

Also of note was the Wednesday ADP nfp data which came in lower than the expectations, not always the case but ADP has correctly anticipated the main NFP data hit or miss for the last 3 months in a row.

[Non-farm Payrolls - What is it and what can we expect today?]

It's all about what affect the numbers will have on rate cut (or hike) probabilities, currently running at 100% for a cut this month, but probably the most important number this round is going to be average hourly earnings, see below.

 (the consensus nfp number depends on who you have included, most polls are saying 160k). 

[Johnson and Johnson]

12 minutes ago, dmedin said:

J&J still holding up. 

[Anybody used MOC or other DMA order types?]

12 minutes ago, Igi said:

Should I be able to see "Market on Close" and other "Direct Market Access" order types on the Web Platform ?

I put £1100 in my account and enabled L2 data for the LSE yesterday. As a result I can now see data from five bids and offers. However the order selector drop down has only six order types, and MOC and LOC are not listed

Is it something I am doing wrong, or are these order types not available on the web platform?

Hi @Igi, I'm not using DMA myself but just to check the basics, the DMA is a separate platform download from IG and not part of the web based platform.

You should see at close or at open order types from the DMA deal ticket dropdown box, see pic.

You can download the DMA platform and the User Manual from this IG page;

https://www.ig.com/uk/l2-trading-platform

 

[US OIL]

1 minute ago, FFS_Daytrader said:

Thanks Casey - I must get into the habit of uploading my charts etc to support my view (still learning as always)

👍