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dau710

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Posts posted by dau710

  1. Hi,

    I am only new to options as well but I understand that the Options price for that strike will change due to volatility, demand and other factors that are calculated by the system.  This variation in the Put purchase of US Crude @ 2000 strike will most likely be different today than it was yesterday.

  2. 12 hours ago, dbhill said:

    Hello,

    Can anyone recommend a free pre-market scanner please? I used to use Trade Ideas which has stopped showing premarket info for me now..

    Thanks very much

    D

    Hello,

    IG offers ProRealTime which comes with an excellent built in scanner.  You can easily drag & drop scanning settings or get right down to easy to understand programming, with excellent programming help from other users at Prorealcode.  The prorealcode offers many who write code for free & they can be used for scanning as well as auto trading if you feel brave.  Be wary with any auto trading, in my opinion as they show good results in back testing but in reality can be Very different.  ProRealTime also has a built in feature which allows you to scan for markets at support & resistance and much more.  I am very grateful for IG providing this for free for only 4 trades a month. https://www.ig.com/au/trading-platforms/prorealtime

  3. I have been with IG for a number of months & being a trader I am around many areas of finance & I often see other providers offering very tight spreads and zero commissions.  I found this recent advert from IG which I think is very interesting to see just how trading costs are added & how good IG costs are compared to others.  I think IG needs to highlight this fact more often as this is the first time I have seen IG compared to others & I am sure that many others are swayed away from IG when they are offered zero commissions & what appears to be tight spreads.  Incidentally I use ProRealTime as I am unable to currently use MT4 or MT5 because they do not currently run on a Mac but I would suspect that similar reasonable costing would apply to all IG trading.

    https://www.ig.com/au/mt4-with-ig?CHID=2&QPID=20452&QPPID=1&CrID=104602735&PlID=218036274&dclid=CPau08SK7ucCFVGDcAodK7YISQ

  4. Hello,

    I find the easiest way to see a Current spread for any IG market is to open the IG Markets Web platform, click search and type the market type, then open the deal Tab and the current spread is displayed automatically.  😀

     

    Screen Shot 2020-01-02 at 2.10.41 pm.png

  5. 20 minutes ago, dmedin said:

    A house isn't really comparable, because it is an object of utility as well as value.  (Unless you are a landlord who buys property solely for the purpose of extracting rents from other people.)

    If you're into calculated risks, buy and hold a diversified portfolio.  If you fancy a flutter, spread bet.

    In Australia we have CFD's which are a legal contract and have legal value as a contract and I presume that spread betting would also have a legal value between you and IG or the company behind the spread bet.  Although a house is classed as an asset the concept of a legal claim to the increase or decrease in value of a house, CFD's or Spread Betting is the same.  It really doesn't matter if you have taken a loan for the house, CFD or Spread Bet or used your own money you will still have a legal claim to the value increase or decrease.  The outcome of this claimed value is always caused by supply and demand, which is always based on peoples opinion of the value of something and whatever your opinion was when you entered into the legal contract that connects you to the contract of value is what you will receive in the end.  There is no difference between any asset, CFD or Spread Bet in the sense that you make a decision on what will happen to it when you sell it and you are legally bound to it.

    • Like 1
  6. 6 minutes ago, Caseynotes said:

    I see a difference between a trader and a gambler working with a validated plan and a gambler and a trader working with no plan. 

    Yes I agree and when you buy a house or any other investment there is always some degree of risk involved in the outcome and the bank has usually made some assessment regarding its value so that they can give you a loan to make the purchase.  You also hope it will go up in value over time but you have no guarantee.  This is all based on the opinion of other people, based on the prices of other houses in that area etc, etc.  Trading CFD's, share or others is no different in my opinion, they are also priced based on other peoples opinion of its current value.  Its not a gamble but a calculated risk and some hope with any investment.

  7. We all appreciate good service and products but those things can’t be provided for free as there is always some cost.  Everyone needs to pay the bills, including IG. I think that charging fees that are reasonable is fair. IG provides friendly & professional service and companies and people should be allowed to charge or we will loose out in the long run as they may not be here because they are broke. 

  8. 13 hours ago, stormtrooper2 said:

    Hello, friends, I'm new here, and I would like to know more about CFD trading, could anyone explain me what does it mean?

    Hello, CFD's are Contracts for difference. You don't own any asset when trading CFD's but you only trade for the difference in price of the asset you are trading. A benefit to CFD's over holding an asset is that you can set the system to automatically sell your CFD when a profit level is reached or when a loss is reached. When you hold an asset like shares the value of your asset will increase or decline but you will need to place an instruction to sell to close it off. Another benefit of CFD's is that you don't need a buyer or seller to close your trade as apposed to holding a share you will need a buyer to take your shares but if they are declining in value that makes them of little interest for a buyer of your shares.

    I would sum up the benefits of CFD's as follows.

    1) You don't need a buyer or seller to close or sell your CFD trade.

    2) You can sell your CFD anytime your like & set the system to automatically sell your CFD if you reach your profit or loss.  This means you don't need to be at the screen 24/7, although it is advisable to monitor your trades.

    Please also read https://www.investopedia.com/terms/c/contractfordifferences.asp

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