HappilyNorth
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Posts posted by HappilyNorth
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On 07/10/2020 at 11:59, TheGuru12 said:
100% this is the correct thing to do, I applaud the FCA's decision on this one. It's worse than gambling. Stories all over the internet where people are ruined because of it.
Digital Currency is not the same as Bitcoin, there is a heck of a lot of work to be done and don't expect it to be the "norm" for 20 - 30 years yet. Also, that is backed by a country the same way we have legit currencies, infact little would really change it's just the method of transfer between banks and countries. It makes sense. The old methods like BACS, SWIFT etc are showing their age now. It makes sense they need to do a feasibility study for it. Bitcoin is just rife with scammers, hucksters, fraudsters, look at all these fly by night exchanges that get hacked because they are rushing to market.
Also, a VPN won't help you here. The accounts will be placed on whatever registered address you have on the account. i.e I assume you are domiciled in the UK.
No, it's short sighted and refusing to accept the future.
The finance industry as whole is as bent as they come. Whether it's bankers coordinating Gold movements via Bloomberg chat, 4pm fix shenanigans, HSBC knowingly laundering billions of drug cartel money or JPM in the dock for yet another multi-billion fine for illicit activity.
So please don't preach about Bitcoin/Crypto being rife with scammers when one looks at regulated banking in general and as for worse than gambling? Gambling itself ruins thousands and thousands of lives the world over. Crypto doesn't even come close. It's still in its fledgling stage so of course there's going to be a bucket shops set up to take advantage of the naive, get-rich-quick herd, just like there was back in the day before *coughs* regulation.
And of course Forex isn't rife with scammers, hucksters, fraudsters and fly by night exchanges is it? And Forex is regulated.
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Can anyone at IG actually advise me what the Eurozone Events cover?
Is it German, French, Spanish etc high impact events or that San Marino have closed the last Blockbusters?
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No more crypto derivatives from next year. You can buy Bitcoin just not trade it.
Sooooooooo short sighted by the FCA. You know what FCA actually stands for, right?
Let's cancel the future because Mrs Miggins at No 32 got scammed even though the UK and ECB are looking at their own digital currency.
Fishy much?
Thank God for VPN's.
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I'd agree with that and it annoys me so much I have actually unchecked it. And don't get me started on MT4's stupid way of showing OHLC data. Is it Monday morning already?
Tradingview shows the data how I like it and it can't be that difficult to add it to the IG platform.
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Can anyone advise exactly what the Eurozone events cover as it's not designated by country.
I only trade Fiber & EJ when it comes to Euro pairs so I'm not sure whether it's best to just add Germany for instance or Eurozone for events.
Thanks.
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Go to google and type in "most volatile forex pairs" and you'll get a list of the biggest daily pip movements for each pair. Remember though, the cross pairs and exotics have bigger spreads.
If you like volatility and have already been trading GU then I suggest you stick with that pair.
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Perhaps someone from IG should come on this thread and explain exactly what happens on both sides of the market when retail place a SB/CFD order because the following doesn't answer in full.
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22 minutes ago, larrytradingltd said:
Yep, I've found this repeatedly on all of the top gappers. I don't think I've found one that I've been able to trade yet, which is pretty frustrating if that's your strategy. To be fair to IG I really like their platform and use it to trade mid/large caps and etfs but I've opened an Interactive Brokers account for the small cappers.
Shame. Oh well. You would have thought IG would be big enough to manage volatility... I've given up trying to work brokers out.
I haven't looked at IB for years. Last time I did I'm pretty sure I really liked their platform but UK traders couldn't open accounts with them. I'll take a look now. Thanks for the heads up.
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On 15/06/2020 at 15:31, CharlotteIG said:
Other members have mentioned the large minimum stop distance. I have relayed the message to our exposure/ risk teams to see if they can be tightened.
Did they come back to you on this, Charlotte?
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Good find that. Thanks Elle.
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1 hour ago, larrytradingltd said:
I suspect it's for this reason that you can never trade any of the main gainers in the US market, there's always the error "Market only available to close"
Which is IG protecting themselves against big losses from big volatile moves.
Can you expand on this as I'm close to opening an account with IG and wasn't aware of this.
If a bio stock is up 30% on the day and I want to either buy it on a pullback or fade what I think the top is, the chances are I'll get an error message saying "Market only available to close" ?
Does it happen with big daily gainers all/most/some of the time? If so I won't bother and will just open a small SB account to take a punt now and again. Cheers.
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If it's your first foray into crypto, just buy bitcoin. Set aside an amount each month you can afford and buy bitcoin. Don't even bother looking at the price. DCA each month, stick it on a Trezor and forget it. Hopefully in a few years you'll have enough to retire. Everyone should have at least 5% of btc in their portfolio imho.
Alternatively, if you're looking to set up a crypto "sh1tcoin" portfolio be prepared to dive in, deep, into research.
Bitcoin, Ethereum, Cardano, Tezos, Monero etc and these don't even touch on DeFi, Security Tokens, Lending, Staking etc.
Have something like this:
40-60% Bitcoin (low risk - for crypto anyway)
30% Ethereum, Cardano, Tezos etc (Large Cap alt coins with medium risk)
15% Higher risk alt coins but higher reward (this is where your research comes in to find legit projects)
5% Small Cap coins, High leverage, full degenerate margin trading. Huge reward if you win but highly risky and if you lose all that 5% who cares? Your Bitcoin holdings should make up for the loss. But if it goes 10x then holy momma.
p.s IMHO stay away from the likes of Ripple, Tron and Bitcoin SV.
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Bitstamp.
Based in London.
One of the oldest and most trusted sites for buying and trading btc.
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I know this comes from Reuters but I was wondering if anyone knew a rough lag time?
I don't trade the news but it would be nice to know if "Fed Increases Rates" breaking news is 30 seconds old or 30 minutes old according to the IG timestamp.
Thanks.
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Is it possible to change the demo platform from 5 to 4 decimal points?
Thanks.
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ahhhhhhhhh ok. Thanks, Casey.
Well seeing how important USD is and even though the price action is very similar... Which do you think its the better option for accuracy?
Or, if one trades solely in IG using the dollar basket would be the sensible option?
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*Noob Alert*
Erm, what's the difference between DXY on TradingView and the Dollar Basket on IG? Apart from the price that is.
I can't find DXY or USDX on IG, so what do I use to check the $ price instead of going over to TradingView each time?
Thanks.
Close this part of the forum
in Cryptocurrency and Blockchain
Posted
Of course. The Pound is over 1,000 years old. Bitcoin is 11. Anyway, you're comparing apples with oranges. Bitcoin isn't just a means of transferring value. If anything, that's one of it's worst attributes.
The vast majority of ICO's issued on the Ethereum network were a scam. Granted.
But you say Bitcoin is a scam, right? I kindly suggest you stop talking about subjects you clearly have no idea about. Perhaps educate yourself by researching the infrastructure being built around the Bitcoin network and the extremely successful business people, not from cyrpto, investing heavily in btc.
As for the FCA? As the kids say... Lame.