CPerry

Hi @OfentseIG Thank you for your reply. Only 23 hours? Which hour is not tradeable? I’ll have to research auction times 🧐 Thank you for clarifying the London session times also. I believe only some countries change clocks and with the Northern/Southern Hemispheres (some countries move forward an hour whereas others move back and hour) I’d have thought there would be several trading ‘timetables’ over the course of the year, no? CPerry.

According to multiple sources from Google, the London session starts at either 7am, 7;30am or 8am and ends at 3pm, 4pm, 4;30pm or 5pm??? Why is there such an inconsistency online? I'm interested in the 8 major currencies and understand they should be traded when at least one half of their currency pair’s session is open, could somebody clarify when this actually is please? Also, correct me if I’m wrong, is this true: Asian session: JPY, AUD, NZD London session: CHF, EUR, GBP New York session: CAD, USD For example, trading the CHF/JPY is fine at any stage when either the London or the Asian session is active? Also… pushing my luck. Is there a resource you guys use to identify the dates when the times change throughout the year; when the clocks move forwards/backwards? Thank you!

Thank you Arvin! You have been very helpful CPerry.

Hi Arvin, Thank you for clarifying that IG set the leverage rates, even if I use MT4. I checked out another thread where MT5 was discussed and understand it’s in the process so I’ll make a bot with MT4 and keep my eyes open for MT5 news. There are two documents on that page you sent, ‘retail’ and ‘pro’, which would I be? Am I default retail until meeting a certain threshold? Where can I access information regarding what each of the columns mean in this document, or could I ask you to elaborate please? To narrow it down, I am English with a deposit of GBP in my account and I intend to start trading solely GBP/USD. I’m aiming to turnover quite a high daily frequency (hundreds of positions each day) with minimum microlots and leverage. Thank you also for clarification on spread betting vs CFD! Kind regards, CPerry.

https://www.axiory.com/trading-resources/strategies/no-leverage Do some brokers offer no leverage? I'm still struggling to find a comprehensive list for all the currencies if anybody can help?

Thank you for clarifying Anda! I assume this is the same with MT5, being able to use micro-lots? Do MT4/MT5 use different levels of leverage if I go through them or do IG set these fixed rates? If it is IG, do you know where I can find the leverage ratios for all the major pairs please? I tried searching myself: https://www.ig.com/uk/charges/margin But the above link only shows a handful. Do you know where I can find the leverage ratios for every currency pair IG allows me to trade? Another little question too, is spread betting a type of CFD? I know there is a difference in how they are taxed so there must be a difference but i'm just trying to work out the vocabulary in this strange new world. Thank you, CPerry.

I have a question about lot sizes. From starting my research, I have come across the following terms: Standard Lot, Mini Lot and Micro Lot. Am I correct in assuming a standard lot is 10x quote currency so in GBP/USD, it would be $10 per pip? A mini lot is 1x quote currency so in GBP/USD, it would be $1 per pip? A micro lot is 1/10x quote currency so in GBP/USD, it would be $0.10 per pip? If that is correct, what is the smallest type of lot I am allowed to use when trading forex with IG? Can I use a micro lot for all currency pairs? Can I trade with no leverage at all while I learn so each pip would only be $0.10 per pip or is there a baseline minimum level to these markets? Are all major currency pair markets the same? TIA for your guidance, CPerry.

If nobody knows how to work this out, could somebody at least point me to someone/some place that may know please? TIA CPerry.

Hi forum, Apologies if this is the wrong place to post but I could do with some help please. When back testing, i'd like to know how much my portfolio is currently worth. I'm finding this tricky as I have multiple buy and sell orders present at any one time. To illustrate this, I have attached a screenshot from a workbook, if anybody tech savvy could be so kind as to take a look and help me out. Kind regards, CPerry.

Hi again, Thank you very much everyone for the initial guidance! If the minimum is £90 per UK Share then I think I’m going to make each one a nice, round £100. I want to go for a semi-aggressive start so upon reviewing my plan, I think I’ll go for 6x £100 in half a dozen UK companies. RE: All Session I’ve read the thread within the hyperlink and this makes sense to me, except the writer said this is “With American stock we also offer some as 'All Sessions'”. I’ve been suggested to start off by looking only at UK stocks so how do I know that ‘something’ I am about to buy is UK based and doesn’t come along with any of these hidden fees/commissions that I’ve been warned about? Or is ‘All Sessions’ simply what I want to look out for and my money will go to the London Stock Exchange as I am from the UK? I have shortlisted some UK stocks I am considering, other than looking for those that have a high dividends number, what else is a good trait to look at? I’ve looked at recent earnings and company news already. With this sort of investment do investors usually go for i.e. 6 well-established slowly (but constantly) growing companies or do some of you recommend throwing in at least one ‘maybe boomer’. Do you mix big stocks with mid/small stocks or just stick to the big boys when starting out? Any other tips to ‘handle price movements’ once the first set of orders has entered the market? When looking at my portfolio, is the amount near the word ‘Available’ how much I currently have if I were to close all my trades now INCLUDING the commissions subtracted or not? I see four words at the top of the app, to confirm my understanding: Available: Current equity I have, so after my trades it would be approx. 9 hundred and something because it accounts for commission or would it show £1,000 and these fees are hidden until the point I make the exit trades? P&L: If Available was £1200 then this would be +£200? Acc Value: ??? Funds: How much of my money is tied up once an opening order has been made? So with my plan £600 when I first start? Once again, thank you to everyone who has chipped in to this thread so far! Much appreciated! CPerry

Hello traders, My first post on this forum so please be kind aha. First of all, very nice to meet you! I am a newbie to financial trading, though I have been sports trading for a few years so have knowledge of trading mechanics but I still have some basic questions. I have deposited £1K into a live account and plan on creating my first portfolio today. I am planning on sitting on some positions for 6/12 months initially before taking any profits to explore forex. So, whilst I am at this learning stage, I was just hoping to create a nice, diverse, basic portfolio. Problem is, I don't know how best to split my funds. My initial plan: I have chosen 14 companies I would like to invest in. I was thinking of putting a flat £70 into each (£70 x 14 companies = £980). Is only having £20 freely uninvested wise? Is the plan to invest as much of your capital as possible at any one time or to allow 50% (or some other % as a rule of thumb) for wiggle room as the stocks meander up and down in value? Also, how do I invest exactly £70 when, for example, a stock is worth £140? Can I buy half a stock? What's the minimum £ I can put on a stock (or a fraction of a stock)? Is this the normal way of investing or do beginners usually vary £ on each company? I don't want to be disproportionate with my funds, inviting risk. If I can't break up a stock, does that mean that even with a £1,000 bank I am limited to how much I can buy? Apple is currently around 113/114 does that mean I need to have AT LEAST £113 to buy on stock, I can't invest £70 into the company to keep my portfolio nice and even? Basically, is there an easy way of simply throwing £70 at 14 seperate companies with intent to sit on those positions for a while. Second question, I'm having trouble searching for things on the mobile app. FTSE 100 has a little red crosses next to it and says "(Data Only)" and S&P500 isn't coming up in my search results (See attached pictures). Berkshire Hathaway Inc - A has a little pen symbol next to it whereas Berkshire Hathaway Inc - B has the green dot. This leads me back to my first question. I have googled the reasoning for the split, Class B is marketed more for long-term investments - can I not buy class A until I have £344,415 in my account? Which would be best (if the former is possible to buy) to buy for somebody like me, with a small starter account? Third question, I assume the company name + "(All Sessions)" is the one I want? Just want to confirm that and hopefully kill any misconceptions I may have early. Thank you in advance for all your help! CPerry

Hello traders, My first post on this forum so please be kind aha. First of all, very nice to meet you! I am a newbie to financial trading, though I have been sports trading for a few years so have knowledge of trading mechanics but I still have some basic questions. I have deposited £1K into a live account and plan on creating my first portfolio today. I am planning on sitting on some positions for 6/12 months initially before taking any profits to explore forex. So, whilst I am at this learning stage, I was just hoping to create a nice, diverse, basic portfolio. Problem is, I don't know how best to split my funds. My initial plan: I have chosen 14 companies I would like to invest in. I was thinking of putting a flat £70 into each (£70 x 14 companies = £980). Is only having £20 freely uninvested wise? Is the plan to invest as much of your capital as possible at any one time or to allow 50% (or some other % as a rule of thumb) for wiggle room as the stocks meander up and down in value? Also, how do I invest exactly £70 when, for example, a stock is worth £140? Can I buy half a stock? What's the minimum £ I can put on a stock (or a fraction of a stock)? Is this the normal way of investing or do beginners usually vary £ on each company? I don't want to be disproportionate with my funds, inviting risk. If I can't break up a stock, does that mean that even with a £1,000 bank I am limited to how much I can buy? Apple is currently around 113/114 does that mean I need to have AT LEAST £113 to buy on stock, I can't invest £70 into the company to keep my portfolio nice and even? Basically, is there an easy way of simply throwing £70 at 14 seperate companies with intent to sit on those positions for a while. Second question, I'm having trouble searching for things on the mobile app. FTSE 100 has a little red crosses next to it and says "(Data Only)" and S&P500 isn't coming up in my search results (See attached pictures). Berkshire Hathaway Inc - A has a little pen symbol next to it whereas Berkshire Hathaway Inc - B has the green dot. This leads me back to my first question. I have googled the reasoning for the split, Class B is marketed more for long-term investments - can I not buy class A until I have £344,415 in my account? Which would be best (if the former is possible to buy) to buy for somebody like me, with a small starter account? Third question, I assume the company name + "(All Sessions)" is the one I want? Just want to confirm that and hopefully kill any misconceptions I may have early. Thank you in advance for all your help! CPerry