Seyyub

Does anyone know wether the COT report is useful for SPOT FX. Is there anyway this information can be used to predict the trend for the week by using this information

What is making the FTSE move on a intraday basis. Can someone provide a more detailed answer as opposed to directing me to the 100 companies. I am looking for answers around earing reports and how often they are released and other relevant information

I have traded FX for a few years now. Major FX pairs move on average 50-80 points a day so if trade £20 a point and capture 20 points then I have made £200. I have recently started looking into penny stocks and I have come to know if I am correct that more money can be made on penny stocks especially if your are a technical trader as most penny stocks move 3-4 time as more than any FX pair. I believe with penny stocks we are speculating on the movement same way with a spread bet account and not buying the actual stock. Does anyone have any experience in day trading on penny stocks with IG? Is it true that penny stocks can be very volatile and therefor more money can be made if you are right? Any feedback or suggestions would be appreciated

I would like to start this thread for some advise from traders on day trading major stocks. I have been trading in FX for over 3 years now and sometimes the moves can be a bit unpredictable and wild and I have therefor decided to have a look into trading on stocks. My question is, is there any stock that has tight spreads and has a daily range of at least 50 points? I tried day trading on major UK shares on IG and it looks like they only move 5-6 points in a day. Any thoughts or recommendation will be much appreciated

I would like to start this thread for some advise from traders on day trading major stocks. I have been trading in FX for over 3 years now and sometimes the moves can be a bit unpredictable and wild and I have therefor decided to have a look into trading on stocks. My question is, is there any stock that has tight spreads and has a daily range of at least 50 points? I tried day trading on major UK shares on IG and it looks like they only move 5-6 points in a day. Any thoughts or recommendation will be much appreciated

Thank you. So when people trade a index are they trading based on the macro news and the news of the highest weighted companies in the index?

Hi, appreciate the fact that you responded to my post. I don't really understand your response. Could you please explain how this works? It's the stock price that moves the index so what is ETF and what does ETF do to the stock prices?

I have a interesting question. If the DAX is a index of 30 companies and the DAX chart plots the prices for these 30 companies then why do we get interesting patterns on the DAX like double bottoms, double tops, trendline breakouts etc. I would have thought the DAX charts would not respect technical analysis as prices would just make swings all over the place and not respect technical setups. Many times I have seen price bounce off 00 levels. Do people trade the DAX which then affects the stock price or do people trade stocks which then moves the index? If the 30 companies in the DAX move the index then can someone please explain why on the chart of a DAX or any index, when we get a double top or a double bottom, why does the price go in the opposite direction. What is actually happening to the prices of the stocks that move the index when we get these setups?