Recent content by elliot.baker.eb

Thanks for the response. So, would I be right in saying that IG appear to "expect" cable to go up over the next few months because the quarterly bets are at higher values? i.e. it's not just the spread to take into account but the fact that the quarterly bets are higher values means that the...

Hi, I've been unable to find this out from their website without making an account. I'm just curious to know: what is the spread on a quarterly bet for GBP/USD? Ideally I'd like to know for close/far quarter or however it works? Ideally I'd like to know what the spread is for the DFB as...

Could someone point out any flaws in this plan, it occurred to me after I read in someones thread a while ago that if they had either very wide or no stop losses then every bet/trade they made last year would have been profitable. Putting a long bet on GPB/USD (for example) with a stop loss at...

I found a website that does back testing called marketinout or something like that. I set it to open a long position when price crosses below bb (20,3) lower band and close when crosses above sma (5). I put a stop loss of 10% on (didn't understand what % of) and it said last year wouldvery made...

This thread has piqued my interest, does anyone know of a way to filter forex pairs or stocks by the prices relationship to a particular technical indicator's value, eg in this case filter to find any price of pair that is outide of its (20,3) BB?

Coming from another total newbie I would suggest you place your stop loss at the higher of the absolute maximum amount you're comfortable losing or the point at which you think if the price goes below that point then your original assumption for making the trade was incorrect and the price is...

Ok that sounds reasonable and less time consuming and nail biting than checking trades on my phone every 30 seconds all day! Do you believe spread betting to be a more viable platform for bets/trades on this time scale and why? Thanks very much for all this explaining by the way.

Ha I hear what you're both saying... I think my feelings are skewed against your combined years (decades??) of experience by my two weeks of intraday demo trading on IG that has been nothing but success so far... so how could I ever lose! (sarcasm of course) The thing is... I've not yet tried...

Thanks barjon I notice that in the guide to making a plan Timsk has said: "For example, it is almost impossible to day trade profitably using this trading vehicle [spreadbetting]." I notice this document is now 11 years old. Does this statement stand true today? I had hoped perhaps this was...

Thanks for the advice people. When people talk about a trading strategy, do they literally mean a rigorous set of unambiguous rules to follow upon which to base entries and exits and risk size etc., therefore never trading on "this feels like a sure thing" or "looks like it'd going to come down".

My current plan is to see if I can make £1000 demo money: - without going below my starting balance - all trades £1/pip - on IG demo spreadbetting on forex because that's all I appear to have access to - only on the "major" fx pairs as these allow for the closest guaranteed stops IF I succeed...

I really want to get into spread betting and I'm desperate to talk to someone about it. I'm just going to list my questions/observations here and people can answer if they wish...I've read some books, awareness of the basics etc, started demo trading about a week/2 weeks ago. 1. Do chart...

This morning at around one am on my IG demo account I observed a "downward triangle breakout" where the price came back up to the bottom of the triangle and "kissed it" (now as a line of resistance). I took this as a sell signal and made a tidy 80 [demo :-( ] pips in about half an hour. Do...

I've never traded but I've started demo trading forex on IG because for some reason I can't see stocks on my demo account on there. After Brexit the GBP/(EUR or USD or pretty much anything) made what I perceived to be some rather huge and predictable moves. Then the Turkish coup happened and...

Hey up, I haven't done anything yet because I am living off dwindling savings at the moment! I really want to go short GoPro at some point.