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Mark27000

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Posts posted by Mark27000


  1. 2 hours ago, Fib550 said:

    Hi,

    Can you confirm the amount the currency conversion fee is charged on?
    Is it charged on just the spread, profit/loss and overnight swap?

    Or is it charged on the total amount of the position, so if I am playing $1 per point and the price is $8000 that would mean a currency conversion charge of $40. And if this sentance is the correct one, then would the $40 be charged twice (for both opening and closing the position), and charged on profit/loss and swap ?

    It would be good if you could do an illustration for me with some numbers if possible, I would be shorting BTC at a price of $8000, $1 per point, and holding for 10 days. That would be really helpful!

    Many Thanks

    For the love of god man,read the replies ..your question has been answered like 5 times 

    It doesn't matter if you trade 1 dollar or 100 dollars a point or what price bitcoin is when you bought it  or sold it.

    You said your account is in sterling so if you buy the dollar version of bitcoin and you.make or lose money e.g. you made $50..That will be converted to uk£ and ig will take a cut of 0.5% for making that conversion 

    I assume for any fees its the same 


  2. On 27/09/2019 at 22:30, Mark27000 said:

    Could you please direct me to where the question is that I missed as all I can see is you waffling as usual.

    But you insulted people with your offensive Muppet comment ..so you can't say anything about mental health to me when you did the same then

    mod edit: picture removed

    • Sad 1

  3. 14 minutes ago, TrendFollower said:

    @Mark27000,

    I am of Indian origin but I am British. I was born in the U.K.  Apologies if you are not Australian but I thought in another post you said you were but I may have got that wrong so I apologise. I hold my hands up there.

    I see you have avoided the mental health question. So one rule applies to some of you and another rule applies to me. Not fair in my opinion.

    I have only resorted to calling you a muppet because of your initial abuse. You drew first blood. 

    Anyway all the 

    Could you please direct me to where the question is that I missed as all I can see is you waffling as usual.

    But you insulted people with your offensive Muppet comment ..so you can't say anything about mental health to me when you did the same then

    • Sad 1

  4. 59 minutes ago, TrendFollower said:

    @Mark27000,

    How am I being racist? 

    How dare you call me a retard and that is really bad and low. 

    Mental disability is a serious problem in the UK and I am sure in other countries. Mental health is a real issue affecting real people. May I ask that you please refrain from using such offensive terms as lots of people may have relatives which have serious mental difficulties and may even have been bullied by using such offensive terms like 'retard'. 

    And you calling me a muppet is ok ...what about all the people you are offending not to mention Kermit and Ms Piggy...

    What IF I reverse what you said to me ...

    I'm a proud white Australian (I'm not Australian by the way) and what are you a brown Indian 

    How dare you somehow bring race and nationality into a discussion about trading 


  5. 1 hour ago, pnda112k said:

    the problem I'm having is having to switch back and forth between my cfd and spread account to close trades, is there anyway

    i can have in either my cfd or spread account a workspace window that shows both my cfd and spread open orders together, would be a massive help 

    to not have to keep switching accounts.

     It wont let me have a second browser tab open either with the different account, if i switch to cfd in one tab then the other tab changes to the cfd aswell automatically.

    Anybody that can help please.

    Go incognito for one of them

    • Great! 1

  6. 2 minutes ago, TrendFollower said:

    @Mark27000,

    Show the IG Community what you have got to offer. Why don’t you demonstrate you are superior. What can you offer the IG Community that is of significant value from a trading  perspective?

    If you can’t be bothered to read my posts then don’t. No one is asking or forcing you to, muppet! Just ignore my posts, it’s quite simple. I think even a 🐒 could choose to avoid responding to me or even messaging me if they were intelligent. Don’t waste your time. Pretty simple if you ask me. 

    You should see the thread from caseynotes called Bitcoin halving event. Have a look at that thread and then I want to see if you are just as rude to him or are you treating me differently. A clown has a white face and my face is clearly brown. I am proud to be Indian and I am proud of the colour of my skin. Let me guess are you from Australia and are you white? 

    I would strongly suggest you do not communicate with me. I have every right to post on here just like anyone else. If you don’t like it then don’t read my posts or respond.

     

    😂😂😂😂 I thought you were Philip ....You mean to tell me thats you on the left ...Oh my 

    Getting a bit  racist now too 😞


  7. 2 hours ago, TrendFollower said:

    @Mark27000,

    What was the point of your post

    To reiterate Casey's point that you are a clown,and that you are the forum'sform if comedy...everything you post is a) repetitive beyond belief and b) long winded stating of the obvious 

    Every post you make is just news basically..bitcoin has dropped ,bitcoin is at its 200ma ,bitcoin is at 7000...maybe you should.look into a subscription service offering such news..

    Please keep your response under 2000 words as I can't read your posts that go on and on or repeat about being good or bad traders or what have I posted to help others


  8. 1 hour ago, TrendFollower said:

    @Caseynotes,

    So I do not trade at all? Wow so I just have an IG account for the fun of it and I have never deposited any money or ever traded. Is that the best you can do? Do you realise how ridiculous that is. Bad traders or traders who lose money can still trade. LOL. 😂

    How many live trades have you shared on the IG Community? For someone who is so arrogant that they are never wrong and they never lose an argument in 5000 posts and hours upon hours of numerous posts you have not shared any live trades. At least I have even if you think they were bad or whatever. Why don't you prove your own waffle by sharing a live trade and showing us how it is all done. Oh wait we all want to steal your secret and we are all lazy and just want to copy you trading. Oh I don't trade so that rules me out but others want to emulate you. I mean come on. Don't pretend to want to help others and then they ask you what you trade, how you trade and when you trade and you then don't want to share so make up rubbish like you cannot share years of experience. How did those who made millions share their trading in the Market Wizards book? I am sure they have traded for much longer than you. 😀 Sorry I keep on laughing as it is the same old rubbish from you. Belittle me to take the limelight off you and your specific trading. You always do this. You resort to belittling and mocking me just so everyone gets distracted enough to forget about your specific trading. 

    So what if none of your trades play out through out during the year? What if these setups don't present themselves? Oh by the way what are these so called setups and for which assets? Exactly you keep all that hidden. So how does anyone really know you trade? It means you are more likely to trade less than me! Ha Ha LOL 🤣 For all we know you could have been waiting for trades to play out or for these setups to emerge for years hence you may have traded far less than some of us. 

    You have been posting for 2-3 years at least if not more and have 5000 posts and you say you cannot hand over years of experience. What utter tosh. The truth is that you are selfish which is fine. There is nothing wrong with that. The truth is that you do not want to share because you hardly trade as the setups rarely present themselves. Therefore I would be surprised if you are making significant profits year upon year unless you are trading using a lot of capital and your position sizing is enormous. Now this is possible but there is nothing to suggest you are doing this. 

    Why should someone listen to your way ahead? What is it about your trading performance and track record that means anyone on the IG Community should trust what you say? 

    I have a lot of losing trades because of my trading strategy. There will be some trends I trade which reverse or are false moves and I get stopped out at a loss. I am not ashamed to admit that. That is the price I have to pay if I want to catch the big moves and winners. I don't know which ones they will be so I have to make a call based on price action and certain indicators. It has served me well for many years. I accept many will find it difficult to follow trend following principles because it can entail making losses. If you look at the two trades I shared one was a profitable trade and the other was a losing trade so 50% win and 50% fail. The key metric is whether the profit I made from my winning trade was larger than the loss I made from my losing trade? Obviously you do not understand that. I can have periods where 60% to 70% are losing trades and only 30% are winning trades but as long as those 30% winning trades have larger profits overall than the losses on the 70% losing trades that is what matters. I failed because it did not encourage anyone on the IG Community to come forward and share live trades because some of them are all talk and hot air. They are scared of failure. I am not. I have done what you have not been able to do. 

    If you are that great, that wise, that intelligence, that good a trader that you know what you are doing then why not share a live trade and show us all how good you really are? Don't criticise or mock me for sharing a live trade and then insult me. So that is how professional you are. You will not do it because you are scared that your credibility will be shot to pieces if your trade failed. The point you are missing is it is ok for trades to fail. It is part of trading and one should accept losses and move on. I did very quickly on the two live trades I shared (to encourage others to share) and forgot about them. The best you can do is bring that up. Just think how hard it is to share a live trade and one of them ends up making a loss. It is very difficult but I did it. Have you? Has anyone ever seen how you deal with a loss? Has anyone ever seen you make a loss? So at this moment in time there is more evidence that I actually trade than you do. 🤫

    I am open about the way I trade. What is wrong with sharing how one trades with others on IG Community? You obviously do not want to partake in that but want to post constantly, why? What is your aim? It is obviously not to be helpful and share your trading with other traders as you have proved you have no intention to do so. That is fine but then why should anyone take you seriously? Why because you have posted 5000 times and have 1000 likes? That means nothing.

    You must enjoy the sound if the keyboard clicking...long winded rubbish ..you.know the thread you started ,the comical one where you asked IG to pay you for your tripe,  did you insist on being paid per word...I guess they are still thinking it over 😂


  9. 14 minutes ago, TrendFollower said:

    @Mark27000 and @mark27

    I just noticed there are two of you. You must be twins. 😂 

    That is so disrespectful. I have been trading Crypto's on IG's platform for well over two years as well as using XBT Provider One products for Bitcoin which is offered in SEK and EUR. However, why I am I wasting my time explaining this to you. I don't need to. For the record I did not go and try and find the only products that have no future contract. You are just making assumption after assumption. This is Comedy Platinum. 🤣 I suppose that was the only thing you could write to get out of a tricky situation. Well done. 👏 No please do not oblige in being rude. By all means be professional and share your trading wisdom on another thread of course as this thread is related to spread betting. 

    If you look at all my threads over the last couple of years then it is not difficult to work out that I am trading Crypto's more than another other asset class. Just have a look at the themes, majority of them will be Crypto related. I don't know the exact percentage but I am willing to bet that a high majority and a high percentage of them are Crypto related. If you can prove me wrong then please do. 

    Anyway if you are the fountain of all wisdom and you think you are better then let us see what you know and what you have got. So what assets do you trade and what is your trading style. How long have you been trading. What can you offer the IG Community in terms of something that can improve traders here? Can you offer anything which is not available for free online or normal textbook stuff that we can all read?

    Are you willing to share any live trades and show bad traders like me (sorry I cannot be a bad trader as I don't even trade) or other bad traders how to trade and consistently make profits year upon year. I am sure you will come up with an explanation of how I am just looking for someone to teach me how to trade or blah blah blah. Let's see what you have got in terms of trading ability and execution.

    The reason for the 2 usernames is I have UK account which I used until last year ,then transferred to the Australian branch .2 different logins and so when I came on here most recently I created a new name with my new username but my phone still had the old username saved and uses  autofill ...

    I have not labelled myself as a fountain of knowledge, I am saying that you are not one ..posters like you stick out on all the forum's,constantly posting dribble day in and out like a copy and paste job...

    Everything you write is just long winded nonsense..take a post earlier some asked IG to make a fingerprint login for android...your reply is "an iPhone has a fingerprint login "..What was the point of it ...you.post just to post 

    The one thing you are correct about is showing how to trade.like others that have asked for help ,nobody will explain how they trade ...the only ones that do that take your money and are useless or like you, Walter Mitty types that play.in forum's pretending they are trading gods

    And while you bring up disrespectfulness , if you had any respect or class you would sort out that profile pic


  10. 26 minutes ago, TrendFollower said:

     

    Trend Trading Futures contracts is not tax efficient. Yes it may be cheaper due to no or little overnight charges but the tax you have to pay on your profits, each trader will have to work out the math and see which option is better for them. 

     

    You are confusing trading CFD`s with Spreadbetting a futures contract....😂😂


  11. 11 minutes ago, TrendFollower said:

    @Caseynotes and @Mark27000,

    Spread Betting is a tax efficient way of trading. Your profits are free from UK Capital Gains Tax and there is no needs to disclose or include in your UK Self Assessment Tax Return. Imagine if you were a day trader and a profitable one you would have to ensure that you declared, included and paid the correct tax at the correct time and this would be your responsibility. Yes you can hire an accountant but there will be a cost to that. Yes there is accounting and tax software but you still have to input all the details. Spread Betting makes is seamless and less hassle. It is easier in my opinion when limited time is available. I am an investor first and foremost and trading is only a very small part of what I do. 

    Now in terms of paying overnight charges. If you are a profitable trader using leverage then the overnight charges will be coming out of your profits (leveraged). 

    With spread betting you do not have clearing fees, the costs associated per contract (futures), paying for a terminal every month. I think there are advantages and disadvantages to both but the real advantage of spread betting is the tax efficiency. I love it. The disadvantage is the costs via the spreads and overnight charges. Each trader has to weigh up (based on their personal circumstances) which is better for them. 

    Trend Trading Futures contracts is not tax efficient. Yes it may be cheaper due to no or little overnight charges but the tax you have to pay on your profits, each trader will have to work out the math and see which option is better for them. 

    On spread betting the overnight charges are the costs of being able to carry over a leveraged position. It is the privilege to do so and of course there will be a cost to doing this as after all if you make lots of profits then it is free from tax so you get to keep all of it. Futures will have the 'cost' built into the spread so they will be wider. 

    So yes you have no 'overnight' charges as such but those costs will be built and factored into the spread. 

    I am not going to get involved in an argument over which is better as that is a personal and individual choice. I have chosen Spread Betting for my particular circumstances and situation. I do not need permission or any agreement from you guys. I am not sure why I am bothering here as I do not even trade according to @Mark27000.

    Futures contracts are designed for longer term trades but the spreads will be wider thus avoiding overnight charges.

    If it is not for you and you do not want to pay the overnight charges then that is fine. If you do not understand why I pay overnight charges then fine. There is nothing more I wish to add, say or disclose on the IG Community. 

    The more you type the more you prove what I said

    Nobody said anything about spreadbetting ...You said you pay an overnight charge while holding your trade for weeks or months.You obviously buy or sell a DFB instead of the futures contract ....Even if you are spreadbetting you can do this...The fact that you dont know this  tends to show you dont actually trade and if by chance you do,then you havent a clue 

    I await your 1000 word response of twaddle


  12. 31 minutes ago, Luthando said:

    I have been struggling to trade on my live account lately, every time I place an order of buy, it gives me the final position of buy and when I alternatively place an order of buy it will give me a final position of sell. I no longer know what to do since the whole week i have not traded. I also have attached a video.

     

    When you click buy @ market and it comes up sell and amount of points,it is for your stop loss and the points you adjust is the amount of stop you want ....As for the other box .did you mess around with the order interface in the settings at any stage

    • Like 1

  13. 1 hour ago, Caseynotes said:

    not clear on why someone with a bet of 10, 50 or 100 contracts would be happy paying hundreds of pounds every night for months on end in overnight funding charges when forwards or futures markets, where you don't pay any at all, were designed specifically for the task.

    He posted the same thing the other day and I commented under it saying this place was comedy gold (which has now vanished) ..My comment was based on what  you have said, why would you be paying out daily charges when you dont need to.

    Like I said comedy gold ,10 millions posts  and doesnt even trade at all 

    • Like 1

  14. 17 minutes ago, nit2wynit said:

    ...Even just with knowing how much it'll cost to place a trade.  How can that not be a paramount need to know?  and as we're both aware, the amount of trades unavailable;  you don't know till to go to place it!!!!!!!!!!!!!!!!!! WTF!

     

    Why dont you just tear off a trade ticket and use that to enter the trade ....Thats what I do although I already know how much it costs ,I prefer to use a deal ticket to enter a trade but still use PRT for charts 

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