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Community Manager
Posts: 281
Registered: ‎08-04-2016

Re: New around here? Introduce yourself...

Hi @emtv1 and @Michaellai, thanks for the posts and welcome!

 

Michaellai - has emtv1 answered your question or do you need any more assistance?

 

Please feel free to start your own threads on FX or any other subject matter that interests you!

 

Good to have you on board,

Hannah

Have a question? Try searching the community to see if it has already been answered.
New Member
Posts: 1
Registered: ‎22-05-2017

Re: New around here? Introduce yourself...

I am Silas,I have been trading for about 2 weeks and it seems I m not getting right. How best can I trade and yield profit ?
Community Manager
Posts: 281
Registered: ‎08-04-2016

Re: New around here? Introduce yourself...

Hi @Sai1, thanks for the post and welcome!

 

Perhaps some of our more experienced traders can help you get up and running - @FiringSquad13 @dash1 @Storm07 - any tips or advice?

 

Thanks!

Hannah

Have a question? Try searching the community to see if it has already been answered.
Respected Contributor
Posts: 1,046
Registered: ‎10-03-2016

Re: New around here? Introduce yourself...

Hi @Sai1.  Couple of important points to consider when starting out. Firstly realise everyone is out to take your money off you and your number one goal is to protect it (learn the principles of 'risk management' real quick).

Second, you need to define and specialise.

 

Define what type of markets and time frames best suit your situation and personality. For example if you have a full time job and prefer slower markets consider larger time frame (4 hour) shares trading, or, if you prefer something full time and faster consider intraday trading the FX market.

 

Specialise. Decide on one market (FX, shares, indices, commodities), on one time frame and one entry and exit strategy and practice it over and over until you get real good at it.  Good Luck.

 

https://www.ig.com/uk/learn-to-trade#intro

 

http://www.babypips.com/school

 

https://www.tradingwithrayner.com/how-to-trade-pullbacks-and-breakouts-successfully/

*** Intraday Price Action Scalping on FX Majors ***
New Contributor
Posts: 3
Registered: ‎21-01-2017

Re: New around here? Introduce yourself...

Hi I,m very new to this and need to bump up my income. Just read a few books, unfortunately prone to gamble a little (must stop that)
Lost a bit day trading and now just have an isa and share account. So far so good 20-25% gain in about 8 months, but beginners luck maybe.
Where can I find help with the site in general. I get very nervous sometimes as I really don't understand the site that well.
Any pointers would be much appreciated. Thanks







Community Manager
Posts: 281
Registered: ‎08-04-2016

Re: New around here? Introduce yourself...

Hi @SpetchleyLucky, thanks for the post and welcome!

 

Are you looking for pointers on how to use the platform?  Or to trading in general?  Either way you can find a number of guides, tutorials and videos on the Education section of our website here.  You can also search this Community for key words to see if there is an existing thread discussing a subject matter of interest for you.

 

Practising with our demo platform is a really good way of familiarising yourself with the functionality and products on offer - you can either access this within the My IG dashboard if you already have an account, or by signing up for a demo account here.

 

Good luck and please do get involved in the Community!

 

Thanks,

Hannah

Have a question? Try searching the community to see if it has already been answered.
New Member
Posts: 1
Registered: ‎31-05-2017

Re: New around here? Introduce yourself...

hi there
this is coolguy
New Contributor
Posts: 3
Registered: ‎21-01-2017

Re: New around here? Introduce yourself...

Thanks Hannah

I will go to that straight away.
New Contributor
Posts: 3
Registered: ‎21-01-2017

Re: New around here? Introduce yourself...

Hi there cool guy.
Look forward to seeing your posts
New Contributor
Posts: 2
Registered: ‎22-06-2017

Re: New around here? Introduce yourself...

Hi I am Rene from Amsterdam, the Netherlands. I am new to this platform, but have been (hobby) trading on other platforms since 2012. I have decided to look into using this platform for CFD trades, while using a different platform for cash trades. I mainly trade BIOTECH stocks on the US exchanges. I do both day- and long-trading for capital gain.
Community Manager
Posts: 281
Registered: ‎08-04-2016

Re: New around here? Introduce yourself...

Hi @BIOTECH and @coolguy, thanks for the posts and welcome!

 

Please do check out the Education section of our main website here which should provide you with a lot of information (guides, videos etc) to get you up and running with trading on our platform.

 

We also have a whole host of threads within this Community already with discussion and information on trading how-to and strategies - just type in a key word to get started.

 

Best of luck, and we look forward to hearing more from you on here!

 

Thanks,

Hannah

Have a question? Try searching the community to see if it has already been answered.
New Member
Posts: 1
Registered: ‎28-06-2017

Re: New around here? Introduce yourself...

Hi all,
From Australia, new to trading, very bad at trading. Luckily, I have a very very forgiving wife. But it would be a good idea to get a few notches on the side of the laptop. You seem to be an eclectic group with specific methods. Would anyone like to recommend a particular 'fountain of knowledge' or more realistically a first book or site etc...?
Respected Contributor
Posts: 1,046
Registered: ‎10-03-2016

Re: New around here? Introduce yourself...

Hi @Bucinator  First site must be   http://www.tradeciety.com/   *click*   'Trading Blog'  see 'Technical Analysis' for dozens of instructional articles and videos.

 

Good luck.

 

 

*** Intraday Price Action Scalping on FX Majors ***
New Contributor
Posts: 3
Registered: ‎03-07-2017

Re: New around here? Introduce yourself...

Hi,

 

I'm looking to hedge a UK property fall, i think we are heading for a 15-20% correction.  Wondering what I can use to hedge this.  I have been searching for a product tracking Nationwide UK property index, or an ETF which might do the same but can't find anything exact.  Any ideas?

 

Cheers

Will

Moderator
Posts: 45
Registered: ‎08-03-2017

Re: New around here? Introduce yourself...

Hi @will3 thanks for your post.

 

In regards to advising on particular markets to trade, I'm afraid we wouldn't be able to assist on that regard. You may however want to take a look at our Sectors markets which can be found under the 'Indices' section on the Classic Platform.

The way these markets are priced will be directly with an underlying selection of shares. For example, the banking index will track the aggregate value of a wide selection of banks. You'll notice that there are a couple of sectors that relate to the housing market. It's very important however to know that this would by no means be a perfect hedge as there's no way of accurately calculating the weighting of the market.

 

In regards to ETFs, similarly I couldn't point out any particulars. You'll be able to search through the wide range we offer via our ETF Screener to see if any suit your requirements, so please follow the link here to take a look.

 

Thanks,

 

Rob

Occasional Visitor
Posts: 1
Registered: ‎29-06-2017

Re: New around here? Introduce yourself...

Hi every on I am Kazi here new on the trading platform i think i can learn from here.

Occasional Contributor
Posts: 15
Registered: ‎01-03-2016

Re: New around here? Introduce yourself...

Hi,

 

Been on IG for a while but not use the community much. Are you new to IG and trading? How is it going?

New Contributor
Posts: 4
Registered: ‎21-07-2016

Re: New around here? Introduce yourself...

Ola trading amigos. Beginning to appreciate how lonely the world of trading is (so many neigh sayers out there-All I say is 'Wright brothers'), so here I am in a community of like minded people. So glad IG have this community forum. Muchos Gracias IG!

 

I still see myself as new to trading though I have been interested in trading for many years now, actually started my education about 6 years ago with options education and started trading (Spread Bets) about 4 years ago, facing the usual pit falls of newbie traders-but I expected that from the beginning and had good, though incomplete, foundations. There are lots of warnings out there so ignorance is not an excuse. Especially love the IG/standard disclaimers. Keeps me grounded and in-fact has motivated me to seek deeper insight into how to become a successful, disciplined and consistently profitable trader.

 

Recently started a new course of education that has boosted my confidence in technical analysis of the markets.

 

I started trading Indicies because I'm sort of structure minded so broke it down to -Forex too fast, Equities too slow, Indicies JUST RIGHT! I'm now used to the tempo of the markets and trade Indicies, Forex, Commodities and occasionally Equities.

 

Structurally based, my future goals as regards trading (and financial management, development and discipline) is to build up the ladder as I see it:

Trading: Spread Bets and CFDs (I see these as entry level Investing)

Investing L1: ETFs

Investing L2: Options

Investing L3: Shares

 

Looking forward to participating in, learning from and interacting with the community. Hope I have something to offer as well.

Highlighted
New Contributor
Posts: 4
Registered: ‎21-07-2016

Re: New around here? Introduce yourself...

[ Edited ]

Hi @Bucinator,

First off I don't think you are bad at trading. You are new to it and as such just going through the newbie motions. Everyone/Every great development starts from ground zero - errors, pitfalls, disappointments and all. Even Einstein notched a few failed theories, experiments and ideas under his belt. Good you identified you need a way to improve... Right track that not many follow.

 

If you are committed and disciplined, you can find your footing to avoid joining the statistic of unsuccessful traders.

Forgive the lecture. I started the same way and only found my motivation by first asking WHY.

 

For me knowledge/education, financial management, discipline, psychology and patience, as one comes to realise during the educational journey, are the beginnings of good foundation corner stones on the path to success in trading. I'm still on that journey myself.

 

As for education and reading material, there are so many and as I'm sure you can appreciate a reservedness to recommend as every individual is different and trading/trading knowledge, approach, goals and risk sensitivity require individual tailoring. People have a tendency to blame the messenger for information they themselves can not honestly admit they were not adequately able to grasp or did not suit them. So we walk these lonely roads of self realisation and development... Sorry about the tangent there!

 

That said, from a good foundation stand point IG provide excellent (in my opinion) basics of trading/spread betting material. They will open your eyes to terminologies, disciplines and principles. If they don't cover a particular topic in as much depth as you need , then you can look for other resources. You now have something to research off of. A good one I find is www.babypips.com. It's free and will take you through the A-Z s of trading Forex - which in my opinion can be applied to many other trading and investment vehicles with some intricacies tweaking (each market is unique and while some fundamental, technical and sentimental principles apply to all, they all have they're specific intricacies to adhere and adapt to)

 

From an active trading stand point, I'm naturally structure minded and analytical so on that basis, I found the training and trainers at www.tradeempowered.com to be my cup of tea. It's pretty much technical analysis education with focus on price action, structure, market analysis (technical/charts), strategy, planning, risk management, trading psychology and much more. They don't cover fundamental analysis but do not discount it entirely at least from a data release and impact stand point. They release free education videos and vlogs on Youtube as well as their website, and have subscription courses. What I like most about them is that while in my opinion they are very good at what they do, they don't just promote the good side of trading but also address the shortcomings and are very open about their successes and failures. Hope that didn't come off as a sales pitch. Not my intention. I'm just really happy I found good teachers. Hard to come by in a lot of aspects in life.

 

Reading material wise, for technical analysis, I would recommend "Getting started in Technical Analysis" by Jack D. Schwager. I bought the Kindle E book for £0.99p and while I'm still getting through it (a lot to cover and I'm a perfectionist so reading deep), I'm enjoying what I'm learning and the knowledge it imparts. I bought it because it's has been heralded as the technical traders bible (don't have a quote) and have a professional and skilled acquaintance that holds it in their trading knowledgebase arsenal.

I would also suggest "Three Dimensional Approach to Forex Trading" by Anna Coulling. This one just caught my attention.

 

Towards trading psychology and discipline I would suggest the following (these were recommendations I also received)

  • "The Disciplined Trader" by Mark Douglas
  • "Trading in the Zone" by Mark Douglas
  • "Trade What You See: How to Profit from Pattern Recognition" by Larry Pesavento and Leslie Jouflas
  • "One Good Trade" by Mike Bellafiore
  • "Market Wizards" by Jack D. Schwager and
  • "Reminiscences of a Stock Operator" by Edwin Lefevre

These are just my individual and personal choices and suggestions, so may not suit your disposition or demeanour (disclaimer Smiley Very Happy), but I hope you find them of some benefit on your journey. It is an awesome one in my opinion (I love to learn).

 

Have a good one and good-luck in your trading journey.

New Member
Posts: 1
Registered: Sunday

Re: New around here? Introduce yourself...

I am here as Rudolf. Mainly Indices trading on momentum and anomalies but will also look at equity arbitrage opportunities.