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LeoTrader

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Posts posted by LeoTrader

  1. Hi @AP,

    That's what I plan to do as well, with the help of price alerts. As they are at the moment though, they're great for swing trading. I've opened a few live KO swing trades and must admit, I'm fast becoming a fan of this product. Kudos to IG for bringing it to us as quickly as they have. 

  2. 3 hours ago, Caseynotes said:

    Knowing the EU we should consider the flip side to the rolling 3 month trial is that it also gives ESMA the opportunity to see what loopholes and work arounds the brokers come up with and then close them down with amendments to their regulations.

    That's a very good point. ESMA should also consider the fact that the harder they push, the more they encourage retail traders to trade outside their jurisdiction too.

    • Thanks 1
  3. 2 hours ago, Sunny Days said:

    Lets hope that after the 3 months "trial" the ESMA reduce the margins. Not holding my breath on this one.

     

    29 minutes ago, JohnRoxton said:

    Thanks for the detailed reply.

    There is hope after all then:)

    But I doubt they will reverse what they have started, I suppose best we can hope for is a slackening of the leverage rules. 

    Have to say though that the negative balance rule is a blessing for the retail trader.

    You're welcome.

    I hope for the same too. Loosening their chokehold on retail traders by reducing the leverage restrictions a little is the best we can hope for, and there's plenty of room to do that and still 'justify' their existence (ESMA got these new powers in January and they obviously want to use them - just like a kid with a new water pistol).  

  4. 45 minutes ago, JohnRoxton said:

    What's this about a 3 month trial re ESMA?

    This is the first I have heard of this.

    The ESMA regulations aren't legally a permanent change to legislation; they have to be reviewed and reimposed every three months if still deemed appropriate. I think they can keep them rolling for as long as they want though, so effectively permanent if they so choose.

    "MiFIR gives ESMA the power to introduce temporary intervention measures on a three monthly basis. Before the end of the three months, ESMA will review the product intervention measures and consider the need to extend them for a further three months."

    Source: www.esma.europa.eu

  5. @JamesIG, that is good to know, thank you. That would enable far greater control of risk and would be ideal for intraday trading (provided there are no minimum stop distances beyond what you already have on spread bets). I look forward to hearing any updates on a delivery date in the future. ?

    • Great! 1
  6. Hi, 

    It's great to see this new way to trade (bet on) the markets with reduced margin (akin to pre-ESMA leverage restrictions). I'm sure many will find this a useful feature, however, as an intraday trader, my stops are significantly closer to my entry price than the knock-out levels available. Take EUR/USD for example; a typical stop for me would be 10-15 points, whereas the closest knock-out level available is over 120 points away. So I wouldn't be able to take advantage of them without taking on unacceptable risk with a considerably negative risk-reward ratio.

    Are there any plans for closer knock-out levels suitable for intraday positions? Ideally in increments of 1 instead of 10, or even user-defined levels. 

    • Like 1
    • Great! 1
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