How To Do CFD Trading

Beware of etoro

I have a post that I explained how in etoro you don’t own the stock what so ever but u just own a cfd contract even if you don’t use margin
In this post I’ll explain a little bit about how etoro pays dividends on your stocks even tho you don’t own them and the dangers of trading on this kind of brokers
“”””””””””””””””””””
As I said in one of my replay , the underlying asset is a cfd contract (cfd contracts are decaying assets ) , a cfd contract doesn’t grant you any ownership over the real stock. Let me explain again .
In one of the legit brokers I use , they have this program that if you subscribe in , you give the broker the permission to lend the stocks in your portfolio to other traders who want to short sell the stock , like I have 5 apple stocks in my portfolio, if I’m signed up to the lending programme in this legit broker , then they can take my 5 apple stocks and lend them to someone who wants to short sell them .
1 - by law I’m not paid dividends on those stocks that they borrowed from me , but the borrower is paid the dividend cause he is the owner now as long as he is borrowing my stocks .
2- said broker will pay me 50% of the interest that he charges the short seller
3- the broker will still give me my dividends equivalent but in a form of capital gain ( etoro does pay u dividends equivalent from the commission that he charges on his platform , but not real dividends, )
This might sound complicated but again this is way a broker like etoro can tell their clients that they are buying the asset which in-fact they are not , it is legal but it is a form of word play , the real danger is if etoro goes bankrupt or for any reason doesn’t wna does his part of cfd contract deal then they tottaly can , they don’t do it upfront , but they can halt trading on a certain stock , just an example , a real legit broker will never halt trading on a stock unless the exchange itself halt trading and no one in the world can buy the stock , in etoro you will find that you can’t sell a certain position or open one , while at the same time other traders on other platforms are happily buying the same stock and selling it , this is one form of etoro saying “ I don’t want to keep up to my words that and exercise the cfd contract “
Somethings I said are a bit complicated but etoro banks on the low experience and innocency of their clients .
They actually blocked a popular investor called “harshsmith” because he was allegedly scalping stocks , and he have 2k copiers , so every 1000$ he made is 2 million $ that etoro had to pay to all his copiers , they might not allow scalping and that’s their law but keep in mind , if they are a legit broker they would be happily letting him scalp cause he and his 2k copiers are paying commission, and commission is how they make their profit as they say (big lie , they make it from your losses ) , then why block and profitable popular investor with a lot of copiers paying commission? Cause they are paying him his profit from their pocket and not the real market , I don’t mind them having their own non scalping law , but why have it if your legit ?! More scalping is more commission for the broker right ? Unless it is not a legit broker such as etoro
Hope this helps
submitted by noratooo to stocks [link] [comments]

[Discussion] Theory for why the SF1000 is this bad, and why Binotto does NOT deserve to be fired just yet

Hello everyone, I'm back
This time instead of ranting shitting on Ferrari, I've had a week to think and I'm just going to write down some thoughts I have about the current Ferrari situation, and I'm curious to get everyone's opinions on this. What else can we do before the race weekend starts right?
The question on hand is very simple. 'Why does this year's Ferrari suck this bad?' In the comment section of this post we discussed reasons for why Mercedes has dominated just about every regulation change, but we didn't talk in depth about Ferrari.
Now, I'm not talking about the general "Why is Ferrari not winning titles?" question, because that question has been answered many times over. Ferrari is inefficient, don't have the best engineering talent (Merc poached just about the best from every team over the years), and arguably don't have the corporate desire to actually win in the same way Mercedes does.
I'm more curious about the pace (rather lack thereof) of the SF1000. Yes, we know Ferrari as a team is not as well run and organized as Mercedes, but how could they have built a car this bad? A car that barely makes it into Q3.
Right off the bat, let me fully and entirely acknowledge that yes, the size of the pace drop is purely due to the illegal as fuck engine being neutered by the new monitoring initiatives. According to some sources, the Ferrari engine is allegedly ~40-45HP down from the Mercs and ~10-15 down from Renault and Honda. There is absolutely zero doubt about that and anyone who's still stuck on the "high drag tho" reason is just fooling themselves. All Ferrari engine teams don't just suddenly eat crow over a winter.
However, questions about the SF1000 popped up way before it ever hit the track. It seemed like the design team simply stuck some downforce generating bits on the SF90 and called it a day. And then the same car showed up to Austria, almost 6 months later than the car unveiling.
Ferrari have a history of throwing the towel early to work on future regs. Take a look at the 2017 Ferrari. They did exactly that. They completely abandoned the 2016 car to focus entirely on the 2017 car. And they succeeded by any metric. It was a massive step up in performance, giving them a car capable of winning the title (Yes the TP was Arrivabene and we love attributing the entirety of the car's performance to the TP, but pretty much the entire team from 2017 is still at Ferrari today. Including Binotto himself. So the Ferrari aero team nailed that aero reg change. (You could make the argument that actually it was James Allison designing that car, but I'm not as sold, as he left very early. Either way, basically the rest of the team bar Allison remained)
You're Ferrari. You lost 2019. Hell, you lost every single season during the hybrid Era. Internally, I'd bet Ferrari is convinced Mercedes is winning because they had a head start on 2014 (rather than due to org structure advantages) and have subsequently been 2 steps ahead of everyone else (and there's actually solid evidence this is indeed the case. Merc is known for starting development on future cars insanely early because it's clearly they're going to win by mid-late season usually).
Considering all of the above, there's also one year of regulations left, in the final year of no budget cap spending. Wouldn't it make perfect sense to throw absolutely everything at the new aero regs? To get the kind of early Mercedes-style advantage which carries through multiple seasons? And there's some evidence Ferrari did exactly that. The SF1000 is literally the 2019 car with a few extra bits of downforce attached. I know Ferrari is a meme, but they're not that stupid. It would also explain why they seem so lost currently.
Another key point is that engine development costs are NOT included in the future budget cap. Which means, in theory, Ferrari can go balls out on 2021 aero for one season, and have time to catch up with the engine later, as it's not affected by the budget cap. I know the staff and facilities are already in place so it's not like they pulled engine staff onto the aero team, but they may have received priority in other ways.
(An aside question, I understand FIA is limiting the number of engine upgrades a team brings, but not the size of the upgrade right? How would this help save costs if a team can just spend the same amount of money on the engine and then bring a bigger update at season start?)
Now, I have no idea if any of this is true. But logically speaking, this seems to fit the events that we know happened well. In chronological order-
  1. Ferrari decides to throw absolutely everything at the new 2021 (at the time) regulation overhaul
  2. They learn their engine will be castrated
  3. They design the SF1000 by adding downforce (whether they knew their engine would be neutered doesn't really change anything). At this point Ferrari has no intention of allocating any resources towards the SF1000, as evidenced by the fact that they didn't bring any upgrades to Australia, and then brought the same car to Austria some 4 months later.
  4. Coronavirus hits, everything gets shut down. Ferrari learns in the middle of lockdown that 2021 reulations are posponed until 2022.
  5. They suddenly realize they will be racing with this car for two seasons, and scramble to understand why the car was bad during testing. Note that, Binotto said "our concept fundamentally sucks and our direction changed" very late, weeks before the Austrian GP. Why did they wait this long if they knew they had issues in Barcelona?
  6. They scramble to come up with upgrades to the car, which they don't even have ready by Austria. Their pace turns out so bad, they realize they cant limp around as the 5th best team for two years, so switch back to working on the SF1000.
I'll add that this pattern did not appear in any of the other mid-large teams. Yes Corona hit Italy particularly early, but this would have only taken away 1-2 weeks at most from Ferrari relative to the other teams. We also saw that in testing, every other team seemed to make significant progress while Ferrari literally brought the SF90 with a few extra bits. Mercedes, RB, Mclaren brought (relatively) massive evolutions on their previous cars while Ferrari didn't.
So to summarize, this is the current position of Ferrari (if this theory holds).
  1. Ferrari have made a LOT of progress on their 2022 car design after dumping all of their resources into the reg change, just like they've done numerous times in the past.
  2. Something fundamentally broken with the current aero design, and arguably the entire aero program. (Aka their CFD program sucks and their designs don't perform on the track like they do in CFD).
  3. Worst engine on the grid
Now what Ferrari really needs to get out of this mess is a re-org to mimic the Mercedes structure. This is the highly political Ferrari we're talking about, so, let's face it, that has no chance of happening.
Now, of course, without a doubt Binotto is responsible for this, and probably does deserve to be fired. However, if Ferrari want to turn this ship around their best chance out of this mess probably IS Binotto. CFD issues need to be solved before 2022. And the person/people who are the most likely to solve these issues are the very people who caused them in the first place, because they are the people who best understand them. Binotto is also an engine specialist by trade, so even though he's ultimately responsible for the dirty tricks of 2019, he's the cleanest dirty shirt in the hamper in terms of who might actually put the right pieces in place to fix the engine. Bringing in a brand new TP right now would be a nightmare, unless it's one of their own and no current Ferrari department heads fit the bill particularly well.
It's also possible nobody at Ferrari knows what they're doing and they just suck. But to suck to such an extent that spending ~$450 million gets them an SF90 with a few bits of downforce seems extreme even for Ferrari. They've never sucked this bad in history IIRC.
TL;DR- Ferrari probably already committed balls deep to the 2022 regs, and even though Binotto is ultimately responsible for Ferrari being as shit as they are now, he's likely their best bet of getting them out of this shithole. Ferrari needs stability. Especially now, with the entire team structure changing due to the budget cap, and this many fires that need to be put out.
submitted by TripleKNotToday to formula1 [link] [comments]

I Can Predict Stock Movements

Hello guys.. I'm from a Third world country and I have in the past three months been able to create a custom analytic system that has been accurate in predicting stocks for 10 days in a row..
I, however, don't have any money to invest and I created it as a hobby because I was away from work during the pandemic..
What do you think I should do.. Should I offer stocks prediction services? And how can I go about this.. Thanks
Edit: if you need a review copy just DM.. I'll be offering two Next Day predictions tomorrow and the day after tomorrow before the market closes..
Edit: I keep getting questions about Option Trading volume.. Well, Options are an American thing and most US platforms don't allow non-US members so I don't know how they work
If you are trading CFDs and Spread betting, this is your chance to make some big bucks..
Update 20/08/2020: On the first offering I provided all users who DMed me with two predictions for the next morning. This update was provided at 10.10am on Thursday. I outlined two stocks that were going to fall when the market opens on 21/08/2020 Friday. The first stock fell by NEGATIVE 8.1 percent, the Second by 5.9 Percent..
submitted by life00720 to wallstreetbets [link] [comments]

Beware of etoro scams

Beware of etoro
I have a post that I explained how in etoro you don’t own the stock what so ever but u just own a cfd contract even if you don’t use margin
In this post I’ll explain a little bit about how etoro pays dividends on your stocks even tho you don’t own them and the dangers of trading on this kind of brokers
“”””””””””””””””””””
As I said in one of my replay , the underlying asset is a cfd contract (cfd contracts are decaying assets ) , a cfd contract doesn’t grant you any ownership over the real stock. Let me explain again .
In one of the legit brokers I use , they have this program that if you subscribe in , you give the broker the permission to lend the stocks in your portfolio to other traders who want to short sell the stock , like I have 5 apple stocks in my portfolio, if I’m signed up to the lending programme in this legit broker , then they can take my 5 apple stocks and lend them to someone who wants to short sell them .
1 - by law I’m not paid dividends on those stocks that they borrowed from me , but the borrower is paid the dividend cause he is the owner now as long as he is borrowing my stocks .
2- said broker will pay me 50% of the interest that he charges the short seller
3- the broker will still give me my dividends equivalent but in a form of capital gain ( etoro does pay u dividends equivalent from the commission that he charges on his platform , but not real dividends, )
This might sound complicated but again this is way a broker like etoro can tell their clients that they are buying the asset which in-fact they are not , it is legal but it is a form of word play , the real danger is if etoro goes bankrupt or for any reason doesn’t wna does his part of cfd contract deal then they tottaly can , they don’t do it upfront , but they can halt trading on a certain stock , just an example , a real legit broker will never halt trading on a stock unless the exchange itself halt trading and no one in the world can buy the stock , in etoro you will find that you can’t sell a certain position or open one , while at the same time other traders on other platforms are happily buying the same stock and selling it , this is one form of etoro saying “ I don’t want to keep up to my words that and exercise the cfd contract “
Somethings I said are a bit complicated but etoro banks on the low experience and innocency of their clients .
They actually blocked a popular investor called “harshsmith” because he was allegedly scalping stocks , and he have 2k copiers , so every 1000$ he made is 2 million $ that etoro had to pay to all his copiers , they might not allow scalping and that’s their law but keep in mind , if they are a legit broker they would be happily letting him scalp cause he and his 2k copiers are paying commission, and commission is how they make their profit as they say (big lie , they make it from your losses ) , then why block and profitable popular investor with a lot of copiers paying commission? Cause they are paying him his profit from their pocket and not the real market , I don’t mind them having their own non scalping law , but why have it if your legit ?! More scalping is more commission for the broker right ? Unless it is not a legit broker such as etoro
Hope this helps
submitted by noratooo to ausstocks [link] [comments]

Sharing With the Community

LONG TIME lurker, first time posting. Profitable trader here wondering how I’d give something back to this community without saying, “buy x company at $1 and sell at $1.2”, or giving up the secrets of my strategy.
I’m from a banking/arbitrage trading/risk analysis family...would anyone be interested in information around those areas in regard to day-trading?
EDIT: I’ll have a bit of a write up tomorrow and stick it up here. Thinking I’ll post something on the arbitrage topic first as that’s probably the most interesting/provocative.
EDIT2: Alright, here goes.
Instead of an arbitrage specific write up I want to talk about something else first—inspired by TheLoneComic’s comment. This is just what came out when I sat down to write. If it’s well received I’ll keep writing. This will probably be most beneficial to beginner traders with small capital and individuals struggling with stop losses...I can also go into more detail on this post, I’m typing this up within the time frame I have.
Arbitrage traders (also my background) don’t think the world of day traders as individuals—or at least ALL the traders I know don’t. Saying that, the trading world as a whole LOVE day-traders. The brokers do as they get commissions and everyone else does as 80-90% of you lose your money to the swirling pool of money in the market. This dislike or “looking down the nose” isn’t all warranted, I’ll admit, but the trading world has to be filled with many losers—many of whom, unfortunately, are just average Joes or Janes trying to free themselves from the wage-cage. This is a noble pursuit but most people shouldn’t, or don’t, require leverage to be profitable and are in fact endangering their capital by doing so—not to mention cutting their career short. This probably the most mind-boggling aspect of the typical day-trader. The term, “trade within your means” springs to mind.
The main point of contention within my arbitrage world is those hung up in the world of technical analysis and how reliable it actually is. Keep in mind these are firms with super-computers that execute and exit trades in the blink of an eye, searching all day across entire sectors for price disparity. There’s little room for human error and emotion...Arbitrage companies are incredibly profitable for this reason.
I don’t really want to get in a debate over TA as I know how emotionally invested people are in it. I do want to get beginners to rethink how they buy and sell. I will say this, broadly speaking, TA subscribers tend to mistake their success on patterns when the real winner is discipline and strategy—that’s why I like to read this sub. if you don’t have these you will lose...the same is true for all areas of business. We could easily transplant these people into any industry and I’m sure they’d thrive.
I believe there’s a missing link in the arsenal of the day-trader. Particularly for the beginner. And this missing link is combining Share Trading and CFD trading. This is a powerful stepping stone for those who want to wade into the rough ocean of CFD. Especially because it will help you better understand risk management and price movement.
I’d like to propose a strategy to the 80-90% of strugglers and losers—not the disciplined with sound strategy as they don’t need much help. I believe this is a far better way to enter into the world of trading and will give you a better understanding of leverage and when/how to better utilise it.
First, we’re going to start trading within our means, as protecting our capital is vital. We’re going to do this by combining Share trading and CFD trading. Specifically, we need to look for markets wherein there’s no restrictions on trading both CFD and buying shares outright. This means you’ll also need a broker that allows you to do both.
Next step is your strategy, PLEASE NOTE, you’re still going to develop your own strategy and work on your discipline so spend plenty of time on this...the only thing that is going to change is how you BUY/SELL.
Don’t mean to do this to you all but I’ll have to leave this one as a to be continued...I’ve run out of time and will continue later today should there still be interest.
EDIT 3:
I’ve got another short period here to continue on.
I would like to share what I believe is the true value in leveraging for a day-trader and I’ll tie it in to where I left off. My algorithm will spit out roughly 20 strong trades a day across many different markets. Some of these trades will require being open for several days, weeks, or even a month (I know, this takes them outside the realm of a “day trade”). Herein lies a risk of capital being tied up in multiple long term holds and open positions. Two things here on why I like to actually use buying stocks as a DT strategy: brokers usually charge you a fee to leave a position open over multiple days...this cost adds up—especially if like me you set a price target and don’t exit a trade until it is hit. And secondly, clear stop loss positions are not always clear. So my solution was to just BUY shares of the stock, commodity, or ETFs if I’d projected the trade to be longer than a day or if I couldn’t find a solid stop-loss point (please note my average position size is $15,000-$20,000 per trade so I don’t need the leverage to make money).
I could write a whole essay on hedging, as it can be very powerful when combined with this method correctly. It’s roll to play is so important that I will have to divulge more at some point...maybe in a future post.
I use leverage mostly to hedge and play some short game while I’ve got my longer term, bigger plays in the ground. Leverage is not a method I use for playing large positions for quick money. I think this is a far better attitude for beginners as the emphasis is always going to be on price targets and exit points, risk management, and money management/allocation.
More to come.
EDIT 4:
To summarise my viewpoint, those seeking to enter the world of trading should first learn to share trade and hedge. Learn to walk before you run. Not only will you gain better experience, be more controlled and methodical, be less frustrated and have a lower chance of bottoming your account, you’ll also have another weapon in your arsenal for when you decide to use leverage. Learning this skill will also allow you to understand when you can increase your stake/risk.
Some parts of this have been left a bit vague due to either time constraints or they require a thread/discussion of their own for further explanation. If there is anything I need to dive into a bit deeper please let me know. I’d like to post another thread on hedging and a “turning $1000 into $2000” play-by-play if such things are allowed? Also thinking about posting some of my algorithm’s picks, price entry, and price target. I like discussing such things but don’t have a very wide circle outside of work to share with at the moment.
submitted by wjm2018 to Daytrading [link] [comments]

Any tips? What should I do as a beginner?😊

How y’all doing I have saved up like £1000 and I want to play with it to make somewhere around £50 daily (well, as long I’m not loosing money then every sum will be fine lol). I’ve made an invest and cfd account on Trading212. I can be responsible with my money, but I’m not anywhere near experienced trader, so I guess the CFD is not for me(?). I have some basics, and I’m open to learning new things. -Do you have any apps that could help me with trading/investing? -Any thoughts on forex? -Can I deposit my money into cfd account and not use the leverage? I don’t want to use anyone’s money😂
Sorry for any mistakes in grammar, English isn’t my first language but I’m doing my best haha
Cheers 👏🏼
submitted by NoZalesNo to trading212 [link] [comments]

Beware of etoro

Beware of etoro
I have a post that I explained how in etoro you don’t own the stock what so ever but u just own a cfd contract even if you don’t use margin
In this post I’ll explain a little bit about how etoro pays dividends on your stocks even tho you don’t own them and the dangers of trading on this kind of brokers
“”””””””””””””””””””
As I said in one of my replay , the underlying asset is a cfd contract (cfd contracts are decaying assets ) , a cfd contract doesn’t grant you any ownership over the real stock. Let me explain again .
In one of the legit brokers I use , they have this program that if you subscribe in , you give the broker the permission to lend the stocks in your portfolio to other traders who want to short sell the stock , like I have 5 apple stocks in my portfolio, if I’m signed up to the lending programme in this legit broker , then they can take my 5 apple stocks and lend them to someone who wants to short sell them .
1 - by law I’m not paid dividends on those stocks that they borrowed from me , but the borrower is paid the dividend cause he is the owner now as long as he is borrowing my stocks .
2- said broker will pay me 50% of the interest that he charges the short seller
3- the broker will still give me my dividends equivalent but in a form of capital gain ( etoro does pay u dividends equivalent from the commission that he charges on his platform , but not real dividends, )
This might sound complicated but again this is way a broker like etoro can tell their clients that they are buying the asset which in-fact they are not , it is legal but it is a form of word play , the real danger is if etoro goes bankrupt or for any reason doesn’t wna does his part of cfd contract deal then they tottaly can , they don’t do it upfront , but they can halt trading on a certain stock , just an example , a real legit broker will never halt trading on a stock unless the exchange itself halt trading and no one in the world can buy the stock , in etoro you will find that you can’t sell a certain position or open one , while at the same time other traders on other platforms are happily buying the same stock and selling it , this is one form of etoro saying “ I don’t want to keep up to my words that and exercise the cfd contract “
Somethings I said are a bit complicated but etoro banks on the low experience and innocency of their clients .
They actually blocked a popular investor called “harshsmith” because he was allegedly scalping stocks , and he have 2k copiers , so every 1000$ he made is 2 million $ that etoro had to pay to all his copiers , they might not allow scalping and that’s their law but keep in mind , if they are a legit broker they would be happily letting him scalp cause he and his 2k copiers are paying commission, and commission is how they make their profit as they say (big lie , they make it from your losses ) , then why block and profitable popular investor with a lot of copiers paying commission? Cause they are paying him his profit from their pocket and not the real market , I don’t mind them having their own non scalping law , but why have it if your legit ?! More scalping is more commission for the broker right ? Unless it is not a legit broker such as etoro
Hope this helps
submitted by noratooo to Etoro [link] [comments]

Case study from Iran shows that stonks only go up when the Fed brrr and Gay Bears must repent

Tl;dr : Iran stock market doubled since virus hit despite GDP down 15% and oil price crash, stonks only go up, SPY/DOW reach new highs on OCT, Dow 30000/SPY 350 on 10/16

I keep seeing autists saying how virus cases rise, the second wave and the riots would send the market down.
But let me introduce you Iran, a country that has been sanctioned by the US for years, hit by lowest oil price in recent decades, GDP down 15%, one of the earliest and severely hit country by the virus.
https://moderndiplomacy.eu/2020/06/16/the-post-pandemic-irans-economy/
So, by my descriptions you would think Iran is in a recession (while it is) and the stock market should hit an all time low? You are terribly wrong.
In fact, the TEDPIX (Tehran Stock Exchange Index) has gone from 549185 in March to 1270627 today. The TEDPIX increased 886528 or 230.81% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Iran https://tradingeconomics.com/iran/stock-market
It must be weird right? Seeing the Iran index going to the moon when the GDP is down 15% and inflation pass 40%, but this could be contributed to the more crazy brrr by the Iran central bank.
The latest liquidity figures released June 15 by the Central Bank of Iran show the volume of money in circulation in the country grew by 31 percent from March 2019 to March 2020. https://en.radiofarda.com/a/iran-s-money-supply-skyrockets-parallel-to-inflation/30671910.html
By comparison, the US M2 has increased 23% between Jun 2019 - Jun 2020, while it may seem small in comparison to Iran, the M2 increase from march to June could be considered one the largest spike in history where years’ worth of money supply is suddenly dumped into the US economy and what do you think would happen? Stonks go up.
https://fred.stlouisfed.org/series/M2
So, Iran has been printing more money than ever and we haven’t been able to see how much Iran is brrrr since March when the virus is beginning spreading like wildfire and closing down many businesses, while inflation is high the stock market goes higher.
This is why being a gay bear in the US could see blood on your bank account but being a gay bear in Iran could actually be murdered by the Iran central bank by literally throwing money at you in real life(coin forms of course) and your stock account going to negative
https://www.usatoday.com/story/money/2019/06/14/countries-where-being-gay-is-legally-punishable-by-death/39574685/
So stop being a gay bear and prepare for the new highs as the Fed (owned by Donny now) would never ever allow it to go down at least before the elections, he could in fact send the stock market to new highs just to pump up the elections, remember Iran stock market just doubled since march.
EDIT: Venezuela stock market up 1900% in 1 year.
https://www.bloomberg.com/quote/IBVC:IND
Caracas Stock Exchange Stock Market Index
1 Year Return 1,902.99%

submitted by hoseex999 to wallstreetbets [link] [comments]

Trading US stock as an European

Been paper trading for a while with webull but now that I want to get for real but I realised I didn't really research how to do it, I know in Europe you don't really trade the underlying asset itself but a CFD, not that I have researched that. Do you have any info on brokers or stuff I could read about trading in for non US-residents?
submitted by bebop2001 to Daytrading [link] [comments]

Guide: Shorting ASX stocks/index

Many people want to understand how to short the ASX without going through CFD's.
So I made a guide on how BUY citiwarrants in order to get short exposure. It's kind of like buying PUT options, but far less complicated and has a lot less fees.
It's also very similar to trading BBUS and BBOZ which many of you are familiar with, except you can do it for stocks as well.
https://www.youtube.com/watch?v=8q66nZvUkKc&feature=emb_title
I'm not a financial advisor, nor is this financial advice. This is simply an educational video on how I trade citiwarrants to get short exposure to the markets.
submitted by ASXXXThrowaway to ausstocks [link] [comments]

UK Guide to US Options Trading

This is guide to US options trading from the UK, because I've seen countless requests of people browsing in /ukinvesting, /options, /wallstreetbets etc. about this.
First thing's first - no part of this post is to be taken as financial advice. It is a guide on how to start options trading from the UK. Options/CFD trading is a high-risk activity and most retail traders lose money.

1. CFDs vs. Options

So getting started, options and contracts for difference (CFDs) are both financial derivatives - they derive their values from an underlying security e.g. stock, indices, currency, commodities. Long story short, CFDs do not have an expiration and options do; and at the option expiration date, options give the opportunity to buy/sell the underlying (e.g. stock) at the agreed strike price. CFDs are highly directional (delta) trades where positions require ongoing financing fees by a broker, whereas options strategies allow the trader to trade time decay (theta) as well as market volatility (vega). Options provide greater flexibility in trading strategies (time/volatility trading as well as direction); however, due to this, the more complex strategies can be difficult to understand.
Spread betting allows a literal directional bet of an underlying by a certain date. It is most similar naked options - i.e. if your position moves against you enough, your broker may forcibly close your position unfavourably and/or margin call you for extra cash ("you can lose more than your initial deposit"). With options/CFDs, you can define risk by specifying a profitability range (spreads) instead to avoid this scenario. Due to spread betting being so close to gambling, it is treated as such in the UK in terms of taxation - gains are tax free. I will also add here that CFDs/options can also be used in this manner (gambling, with subsequent margin calls etc.), and that CFD brokers tend to understate the risks of these strategies, whilst almost all options brokers require elevated permissions to seek out this level of risk - this is because blowing through margin presents a risk to the broker and they would rather have commissions without the risks of the brokerage going bust. The lowest level of permissions still allows you to buy extremely highly leveraged OTM options without margin, as your max loss is limited to the amount you paid for those options.

2. Brokers

Given that options effectively open up two additional aspects of trading (time/volatility) and require additional regulatory oversight compared to CFDs/spreadbetting, there is basically no options market in the UK - the only brokers at this time are IG/Saxo, and they only do vanilla options on Forex/Indices/Commodities. Everyone else only does CFDs and/or stock (T212, Freetrade, IG, Plus500 etc.). To engage in true stock options trading, the only choice is to open an international/US brokerage account.
The two that are accessible to UK investors are Interactive Brokers (IB) and TastyWorks. Both are reputable brokers and have strong insurances for cash & securities held with them.

3. Opening an account

I will walk through some of the aspects of funding and operating a TastyWorks account from the UK, as this is my recommendation if you're here looking for a cheap way to get started.
Opening a free account on TastyWorks is easy as they are used to foreign traders (form filling within 20-60 mins - you will need a photo of proof of ID and address). It typically takes 1 day for cash accounts and 2-3 days for margin accounts to be ready for funding. My referral link if you feel this guide deserves the effort is: https://start.tastyworks.com/#/login?referralCode=GD9EGGNZYZ. (mods, happy to remove this is this guide is deemed low effort)
The account types are:

4. Funding the Account

Since trading US options is done in USD, the account must be funded in USD. As international traders, deposits must be "By Wire", assuming you do not have a US bank account - full instructions for the "By Wire" method will show up when you are approved to fund your account. With TastyWorks, UK traders have 3 options at time of writing, going from highest to lowest fee:
1) Starling Bank: ~1% commission (+flat fee TBC?)
2) CurrencyFair: typical ~0.75% commission +$20 flat fee
3) TransferWise/Revolut + UK USD Account: ~0.5% commission +$20 flat fee
TastyWorks does not accept third party transfers (accounts not in your name), so services such as Revolut and TransferWise (inc. borderless) do not work directly
4.1 Starling Bank
With Starling Bank, you can do an international wire from a GBP account directly. Easy online bank setup and probably fastest way to get started, especially if you already bank with them. Note: Starling Bank is rejecting transfers to TastyWorks 'as it sits out of our international payment provider's risk appetite' (as of 11th May) - waiting for updates
Note that other routes include a $20 flat fee charged by intermediate banks before the transfer reaches TastyWorks. Haven't got confirmation that this route is charged or if Starling includes it within their higher fee.
4.2 CurrencyFair
TastyWorks have approved transfers via CurrencyFair with a guide at: https://support.tastyworks.com/support/solutions/articles/43000435321-can-i-use-currencyfair-to-fund-my-account-
Easy to get started, but a couple hoops to jump through to confirm your transaction to TastyWorks via email.
Note that the $20 flat fee is for an intermediary bank to take their cut between CF and TastyWorks, but that is not mentioned on the CurrencyFair website.
4.3 USD account + TransferWise/Revolut
The cheapest option is to set up a USD currency account and transfer through that.
The account of choice is the Barclays USD Foreign Currency account - you need a current account with them to be able to open the USD account. HSBC also have an offering, but not had this route confirmed.
Once the USD account is open, you can transfer into it using Revolut/TransferWise (cheap) and then international (wire) transfer from Barclays account to TastyWorks (free!). Note that the Barclays USD account is still a UK bank account, so you'll need to use a SWIFT transfer from Revolut/TransferWise to turn your GBP into USD.
Note that the $20 flat fee is for an intermediary bank to take their cut between Barclays and TastyWorks, but that is not mentioned on the Barclays website.
4.4 Withdrawals
To withdraw funds, do the opposite for a deposit, noting that $45 will be charged by TastyWorks per withdrawal.

5. Getting Started

I highly, highly recommend TastyWork's education centre and their TastyTrade videos, especially if you are new to this.
Otherwise, once funded, it's as simple as downloading the app on mobile, using the browser trading screen, or downloading their full desktop platform.
That's it for the guide - happy trading, and if there are any questions, feel free to get in touch and I'll edit the answers in here. I want this to be a resource because I've helped many people get started, and it would be good to have it all in one place!
submitted by TheScotchEngineer to UKInvesting [link] [comments]

Q&A SESSION WITH SWITCHEO CO-FOUNDERS IVAN POON & JACK YEU

Q&A SESSION WITH SWITCHEO CO-FOUNDERS IVAN POON & JACK YEUON TELEGRAM at getrichwithmandygroupchat 23/07/2020
Ivan Poon, [23.07.20 11:33]
Hey everyone. Happy to share abit more about what's going on at Switcheo
Jack Yeu, [23.07.20 11:34]
happy to be here 🙂
Q:Brad, [23.07.20 11:35]
Hello Jack
Can you please share some details about future developments and upgrages
A:Jack Yeu, [23.07.20 11:36]
hey Brad, we’re currently working on a few developments for Switcheo, namely Switcheo Tradehub (previously Switcheo Chain) and DeMex (a decentralized derivatives platform built on Switcheo Tradehub)
Q:Brad, [23.07.20 11:36]
I love switcho exchange but little bit conscious about its trading volume and liquidity.
Do you guys have any plan for that?
A:Jack Yeu, [23.07.20 11:39]
yes, Switcheo TradeHub will have an inbuilt AMM model where users can stake tokens into liquidity pools to earn provider fees (quite similar to how uniswap works) to provide liquidity onto the spot trading pairs
Q:Mostafa nazar, [23.07.20 11:35]
Hi
How will BTC be available on Tradehub in non-custodial way?
Will it be like renBTC or will you use different tech?
A:Ivan Poon, [23.07.20 11:39]
renBTC is quite a good protocol which can be used to automatically wrap BTC through an ethereum smart contract, for e.g. seamlessly using it with the deposit / lock contract. However fees are still high and we do have another protocol that we will use initially.
Q:Olexander, [23.07.20 11:36]
What's the plan to Increase the Demand & Value of the native token?
A:Ivan Poon, [23.07.20 11:41]
we have two articles here talking about SWTH token. On top of that there's more value propositions that we're releasing in a future article soon
A:Jack Yeu:
SWTH will be used for validating transactions on Switcheo TradeHub through staking, where stakers will earn transaction + trading fees generated by Switcheo Exchange; there are also other use cases for SWTH tokens - I’ve linked an article below for those who would like to find out more:
https://blog.switcheo.network/enhancing-the-switcheo-token/
Q:Terrupi©, [23.07.20 11:36]
What is your strategy to marketing and for Mass Adoption? What message do you want to send to community through AMA today?
A:Ivan Poon, [23.07.20 11:44]
I don't think such things can be easily discussed in an AMA format. There's many angles to marketing and we are tackling them all. We're also still far from mass adoption in terms of the entire crypto landscape. In the meantime we'll just keep building what we think is most needed.
For today we just want to share more about Switcheo and catch up with our community!
Q:Jacopo DioBrando, [23.07.20 11:36]
Can u talk about Demex and what is the edge of Switcheo compared to other hundreds exchanges u/ravenxce ?
A:Ivan Poon, [23.07.20 11:45]
I think demex will be the first derivative exchange that is scalable and you can place your bets with in a fair and transparent manner
Q:edWARd SNOVden | TFF, [23.07.20 11:36]
Hello, with how many validators will the tradehub start?
There are two different numbers. In the article "Enhancing The Switcheo Token" it's 11, and in a post of Ivan on twitter is "open for all". What is correct?
A:Ivan Poon, [23.07.20 11:47]
It's open for all, but only the top 11 will be active and actually earn block proposer rewards / commissions. As we increase the number of validators, more validators will be able to earn that. So basically it's about controlling how many active proposers there are.
Q:Bhaskar, [23.07.20 11:36]
Security is very important so,how about #Switcheo security systems? Is it enough safe because recently many exchanges get hacked and what makes #Switcheo different from other project?
A:Ivan Poon, [23.07.20 11:48]
I think so. We are looking at NXM (Nexus Mutual) as an insurance option which will also give users more confidence in the DEX.
As mentioned above, we're looking at Nexus Mutual insurance to allow coverage on our ethereum smart contracts. We also will have an insurance fund for the upcoming TradeHub platform.
Q:Nic, [23.07.20 11:45]
With the uprising and adoption of BEP2 standard, slowly most of the ERC20 tokens are migrating to BEP2 and listed on Binance DEX. What is your take on this? Will Ethererum based DEX exist in long run considering the network constraints of Ethererum network?
A:Ivan Poon, [23.07.20 11:49]
Ethereum's current scalability is one of the primary reasons for building Switcheo TradeHub which acts as a sidechain / scaling solution. With that we are confident of solving issues of high fees that currently plague defi, including Switcheo Exchange.
A:Jack Yeu, [23.07.20 11:49]
I think that while Binance Dex has fast order settlements, it still lacks a degree of decentralization with Binance using their .com as a gateway for tokens that already exist on other chains to swap, for example if you want to swap an ERC-20 token to BEP-2, you would have to lock the tokens via .com ; DEXs on ethereum however are getting increasingly expensive to operate due to high gas costs
Q:Suraj Rajput, [23.07.20 11:45]
Defi seems to be a useful $switcheo and concept right now. Many and many finance-related blockchain projects are built with Defi inside. So, beside cooperating with banking, has your team ever thought about integrating Defi into $switcheo platform ?
A:Jack Yeu, [23.07.20 11:50]
our focus has always been around defi with many of the upcoming concepts around demex incorporating familiar products already in the space; i’m not sure what do you mean by cooperating with banking
Q:Nic, [23.07.20 11:45]
Word decentralization means nothing centralized like email, etc. Can developers create full dex exchange on Switcheo no email nothing?
A:Ivan Poon, [23.07.20 11:51]
You can already connect to Switcheo directly from your personal wallet like Metamask or Trust wallet.
Q:A. Ivanov, [23.07.20 11:45]
For Decentralized Exchanges, Liquidity is major Issue.. So, How Switcheo Platform solve the Liquidity problems from it's Exchange?
A:Ivan Poon, [23.07.20 11:53]
We're building cross-chain liquidity pools similar to uniswap and balancer into Switcheo TradeHub, and will have on-chain incentives to attract liquidity providers. We're also integrating these L1 liquidity pools like kyber and uniswap. These combined with external market makers will improve exchange liquidity.
Q:Vincent, [23.07.20 11:56]
Will Switcheo have real BTC trading with order books? In what way will it be similar or different to BTC trading on Nash?
A:Ivan Poon, [23.07.20 11:58]
Of course. No idea how Nash does it as none of their core code is open source till this date to our knowledge.
Q:Brad, [23.07.20 11:58]
Love to see fiat gateway
A:Ivan Poon, [23.07.20 12:00]
We did have a fiat gateway for awhile. But integrating fiat is expensive and not cost effective. We're focusing on decentralized efforts / defi for now.
Q:Ashish Tripathi, [23.07.20 11:56]
Switcheo Platform offers DEX on Ethereum, EOS, NEO ! But Do you have any Plans to add More Blockchains Like Tron, Binance Chain in Switcheo Platform?
A:Ivan Poon, [23.07.20 12:02]
Yes. We really want to add many more blockchains, and will be one of our priorities in the near future.
Q:Roshan 🇮🇳🇸🇪, [23.07.20 12:01]
u/ravenxce Hey there Ivan hope you and your team are in good health
I wanted to know recently with some windows 10 updates logging into Switcheo using the ledger hardware wallet is next to impossible any work around instead of just changing the OS ?
How will you tackle the legal hurdles of integrating a decentralised cross chain platform with a Fiat gateway ?
Thank you in advance
All the best
A:Ivan Poon, [23.07.20 12:03]
I think we added webusb support which should fix most issues on ethereum. For neo routing through a software wallet like O3 is the best. If we have time we may be able to submit an update for the neo ledger app to support webusb, so that can be fixed too.
Q:Joseph, [23.07.20 11:58]
What is the structure of the company, is it a decentralised, open sourced protocol where everybody can contribute? If so, how does the governance plan on being handled?
A:Ivan Poon, [23.07.20 12:04]
For now, most of the development work is centralized. But we're moving towards a DAO model, where it's really community driven and developed in a fully open manner. Blog post soon on this as well.
Q:Michael Jackson, [23.07.20 11:57]
What business scenarios can Switcheo Network support now? In what industry can we see a mass adoption of Switcheo Network technology in the near future?
A:Jack Yeu, [23.07.20 12:05]
switcheo tradehub lets developers build order matching types of platforms (such as exchanges) on the chain itself, we’re also working on actual use cases for tradehub
Q:NasdaQ Ryong, [23.07.20 11:58]
Could you tell us some details about Support of Switcheo? Is it active 24/7?
A:Ivan Poon, [23.07.20 12:05]
Yes. We have someone always available. Max response time is at most 1-2 hours usually.
Q:Jacopo DioBrando, [23.07.20 11:58]
Is it true that on Demex it will be possible to trade more or less any asset?
A:Jack Yeu, [23.07.20 12:06]
yes, anyone would be able to create any sorts of CFD markets
Q:Joseph, [23.07.20 11:56]
Is Switcheo easy for new users? Can you highlights some points that attract users who don't know too much about Switcheo ?
A:Ivan Poon, [23.07.20 12:07]
I think all they need to do is try it to see how easy it is to use. I think being able to trade with an order book plus uniswap / kyber as a liquidity pool is quite unique.
Q:Joseph, [23.07.20 11:56]
How does #Switcheo get profit from running the project?
A:Ivan Poon, [23.07.20 12:08]
For the team, we hold SWTH tokens, so we profit from an increase in treasury as well as earn a proportion of the trading fees
Q:Maxim, [23.07.20 11:56]
I really hadn't heard of the Switcheo Network, but I have used Uniswap. Does it have the same operation and is it easy to manipulate? what differentiates Switcheo from Uniswap?
A:Ivan Poon, [23.07.20 12:09]
It's a little different in that we use a deposit / order book / withdraw model. It's cheaper if you're making multiple orders, and you can do limit orders more easily unlike on uniswap.
Q:Pubudu Eranga, [23.07.20 11:56]
Switcheo is now running on the NEO, ETH and EOS blockchain. One of the future plans of Switcheo is creating their own chain. But is there any specific date for this to happen?
A:Ivan Poon, [23.07.20 12:10]
very soon ™️. our testnet is already ongoing
Q:Mostafa nazar, [23.07.20 11:57]
Will switcheo support elastic AMM pools (for example 20-80%) pools to lower impermanent loss for liquidity providers? Like what balancer did
A:Ivan Poon, [23.07.20 12:12]
Yes, this requirement has been recently added
Q:Raghav, [23.07.20 11:57]
In my opinion DeFi is still in Early Stage & it Needs Huge Developments to grow! But, What are your Future Thoughts for DeFi Markets?
A:Jack Yeu, [23.07.20 12:12]
we do see a lot of current demand and uses for defi products such as curvefi, uniswap, switcheo; which would likely spawn a new wave of more advanced projects built around current defi protocols, such as switcheo tradehub :)
Q:Brad, [23.07.20 11:57]
How robust are you to handle 21st century volume of transactions Your metamorphosis is a laudable one, how have you been able to survive on longest bear market and continue building and developing cos many projects have died out
A:Ivan Poon, [23.07.20 12:14]
We are confident of the scalability of our upcoming platforms. Surviving is a matter of being agile and managing risk and treasury well I guess.
Q:Castro Tiburcio, [23.07.20 11:57]
Few crypto platform project have very slow interface usage on their platform because of overload from the server itself especially when there is big move in the market like btc crash.
How Switcheo platform handle this issue?
A:Ivan Poon, [23.07.20 12:17]
At the moment we have an off-chain matching engine. So we can take the load and queue them up to broadcast to smart contracts asynchronously. When Switcheo TradeHub launches, it will be similar but the matching engine will be distributed across many validator nodes!
A:Jack Yeu, [23.07.20 12:19]
great question - the issue with ethereum onchain dexs that deal with margin/deriviatives would be these sorts of black swan events involving mass liquidations (which would result in high gas fees and failed txns), which then flood the chain and prevent cancellations or stop losses from occuring.
by moving onto switcheo tradehub, we save on transactions costs and benefit from higher tps
submitted by imolev to NEO [link] [comments]

Beware of etoro scams

Beware of etoro
I have a post that I explained how in etoro you don’t own the stock what so ever but u just own a cfd contract even if you don’t use margin
In this post I’ll explain a little bit about how etoro pays dividends on your stocks even tho you don’t own them and the dangers of trading on this kind of brokers
“”””””””””””””””””””
As I said in one of my replay , the underlying asset is a cfd contract (cfd contracts are decaying assets ) , a cfd contract doesn’t grant you any ownership over the real stock. Let me explain again .
In one of the legit brokers I use , they have this program that if you subscribe in , you give the broker the permission to lend the stocks in your portfolio to other traders who want to short sell the stock , like I have 5 apple stocks in my portfolio, if I’m signed up to the lending programme in this legit broker , then they can take my 5 apple stocks and lend them to someone who wants to short sell them .
1 - by law I’m not paid dividends on those stocks that they borrowed from me , but the borrower is paid the dividend cause he is the owner now as long as he is borrowing my stocks .
2- said broker will pay me 50% of the interest that he charges the short seller
3- the broker will still give me my dividends equivalent but in a form of capital gain ( etoro does pay u dividends equivalent from the commission that he charges on his platform , but not real dividends, )
This might sound complicated but again this is way a broker like etoro can tell their clients that they are buying the asset which in-fact they are not , it is legal but it is a form of word play , the real danger is if etoro goes bankrupt or for any reason doesn’t wna does his part of cfd contract deal then they tottaly can , they don’t do it upfront , but they can halt trading on a certain stock , just an example , a real legit broker will never halt trading on a stock unless the exchange itself halt trading and no one in the world can buy the stock , in etoro you will find that you can’t sell a certain position or open one , while at the same time other traders on other platforms are happily buying the same stock and selling it , this is one form of etoro saying “ I don’t want to keep up to my words that and exercise the cfd contract “
Somethings I said are a bit complicated but etoro banks on the low experience and innocency of their clients .
They actually blocked a popular investor called “harshsmith” because he was allegedly scalping stocks , and he have 2k copiers , so every 1000$ he made is 2 million $ that etoro had to pay to all his copiers , they might not allow scalping and that’s their law but keep in mind , if they are a legit broker they would be happily letting him scalp cause he and his 2k copiers are paying commission, and commission is how they make their profit as they say (big lie , they make it from your losses ) , then why block and profitable popular investor with a lot of copiers paying commission? Cause they are paying him his profit from their pocket and not the real market , I don’t mind them having their own non scalping law , but why have it if your legit ?! More scalping is more commission for the broker right ? Unless it is not a legit broker such as etoro
Hope this helps
submitted by noratooo to Daytrading [link] [comments]

Beware of etoro

Beware of etoro scam
Beware of etoro
I have a post that I explained how in etoro you don’t own the stock what so ever but u just own a cfd contract even if you don’t use margin
In this post I’ll explain a little bit about how etoro pays dividends on your stocks even tho you don’t own them and the dangers of trading on this kind of brokers
“”””””””””””””””””””
As I said in one of my replay , the underlying asset is a cfd contract (cfd contracts are decaying assets ) , a cfd contract doesn’t grant you any ownership over the real stock. Let me explain again .
In one of the legit brokers I use , they have this program that if you subscribe in , you give the broker the permission to lend the stocks in your portfolio to other traders who want to short sell the stock , like I have 5 apple stocks in my portfolio, if I’m signed up to the lending programme in this legit broker , then they can take my 5 apple stocks and lend them to someone who wants to short sell them .
1 - by law I’m not paid dividends on those stocks that they borrowed from me , but the borrower is paid the dividend cause he is the owner now as long as he is borrowing my stocks .
2- said broker will pay me 50% of the interest that he charges the short seller
3- the broker will still give me my dividends equivalent but in a form of capital gain ( etoro does pay u dividends equivalent from the commission that he charges on his platform , but not real dividends, )
This might sound complicated but again this is way a broker like etoro can tell their clients that they are buying the asset which in-fact they are not , it is legal but it is a form of word play , the real danger is if etoro goes bankrupt or for any reason doesn’t wna does his part of cfd contract deal then they tottaly can , they don’t do it upfront , but they can halt trading on a certain stock , just an example , a real legit broker will never halt trading on a stock unless the exchange itself halt trading and no one in the world can buy the stock , in etoro you will find that you can’t sell a certain position or open one , while at the same time other traders on other platforms are happily buying the same stock and selling it , this is one form of etoro saying “ I don’t want to keep up to my words that and exercise the cfd contract “
Somethings I said are a bit complicated but etoro banks on the low experience and innocency of their clients .
Hope this helps
submitted by noratooo to Scams [link] [comments]

Benefits of Trading Cryptocurrencies

When it comes to trading cryptocurrencies, you have to speculate whether the market you have chosen will go up or down in value. And the interesting thing is that you never own the digital asset. Actually, the trading is done with derivative products like CFDs. Let's take a look at the benefits of trading crypto currencies. Read on to find out more.
Volatility
While the cryptocurrency is a new market, it's quite volatile because of the short-lived speculative interest. The price of bitcoin dropped to $5851 from $19,378 in 2018, in just one year. However, the value of other digital currencies is quite stable, which is good news.
What makes this world so exciting is the volatility of the value of crypto currency. The price movements offer a lot of opportunities for traders. However, this comes with a lot of risk as well. Therefore, if you decide on exploring the market, just make sure you do your research and put together a risk management strategy.
Business Hours
Typically, the market is open for trade 24/7 because it is not regulated by any government. Moreover, the transactions are done between buyers and sellers across the world. There may be short downtimes when the infrastructural updates take place.
Improved Liquidity
Liquidity refers to how quickly a digital currency can be sold for cash. This feature is important as it allows quicker transaction times, better accuracy and better pricing. Generally, the market is kind of illiquid as the financial transactions happen across different exchanges. Therefore, small trades can bring large changes in the prices.
Leveraged Exposure
Since CFD trading is considered a leveraged product, you can open a position on what we call "margin". In this case, the value of the deposit is a fraction of the trade value. So, you can enjoy a great exposure to the market without investing a lot of money.
The loss or profit will reflect the value of the position at the time of its closure. Therefore, if you trade on margin, you can earn huge profits by investing a small amount of money. However, it also amplifies losses that may exceed your deposit on a trade. Therefore, make sure you take into account the total value of the position prior to investing in CFDs.
Also, it's important to ensure that you are following a solid risk management strategy, which should involve proper limits and stops.
Quick Account Opening
If you want to buy crypto currencies, make sure you do so through an exchange. All you need to do is sign up for an exchange account and keep the currency in your wallet. Keep in mind that this process may be restrictive and take a good deal of time and effort. However, once the account is created, the rest of the process will be quite smooth and free of complications.
submitted by PresentType to opinionesbitcoinevod [link] [comments]

Mainly asked inquiries worrying ThisOption account as well as also just how to start

Mainly asked inquiries worrying ThisOption account as well as also just how to start
ThisOption is not popular by lots of people. People only have an approximation of what it is. Below are numerous of the typical worries asked concerning Thisoption account as well as precisely how to start.
My account
Exactly how can I fund my trading account?
You can fund your account by charge card (VISA/MasterCard), Financial institution cable transfer, Bitcoin, Ethereum, Litecoin, Altcoins, Neteller, Skrill, Perfect Money.
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The funds will definitely be readily available for trading as soon as possible, once we obtain a confirmation from settlement system.
What are the problems for withdrawals?
For safety reasons, recognition of the person is needed for all withdrawals, regardless of the withdrawal quantity.
https://preview.redd.it/q1yf63bmytf51.jpg?width=650&format=pjpg&auto=webp&s=9d315f9e9916fd16483fde5b21a837542e457906
For account without perk: financier needs to get to a 100% turnover from transferred quantity, to insist for withdrawal.
For account with bonus: investor requires to reach 300% turn over from deposited quantity, to declare for transferred quantity in addition to incomes withdrawal. A lot more information in "Consumer agreement".
The extremely little amount allowed for withdrawal is $50.
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ThisOption refines all withdrawal demands within 1 hour.
Nevertheless, verification might take longer time, if client really did not send all requested for records in time.
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ThisOption does not hold back any kind of taxes. Nevertheless, as a consumer, it is your duty to adhere to the tax responsibilities needs in your jurisdiction.
How can I close my ThisOption account?
Please email at [email protected] to ask for closing of your account. You will absolutely obtain a confirmation when this request will certainly be completed.
https://preview.redd.it/iqfaprynytf51.jpg?width=700&format=pjpg&auto=webp&s=9011f355a76456f93374a991aae9fcc2f03ccaad
What is CFD?
CFD - Contract for Difference.
What is binary alternative?
Binary choices are an easy and potentially exceptionally successful approach to make money from short-term tasks on the market. By correctly anticipating whether the price of a property will increase or down, you can obtain a substantial profit in a consistent method.
What is cryptocurrency?
Cryptocurrency is a digital money; which working is based upon blockchain modern technology. Actually, currency doesn't exist, it exists just basically.
What is the minimum as well as maximum deposit amount?
The minimum deposit quantity is 250$ (or EUR), as well as likewise the optimum - 50000$ (or EUR).
Do I need to download and install and also mount any type of software for trading?
There is no need to download and mount something before you can start patronizing ThisOption. All you require to do is register and also consist of funds into your account and likewise you'll be ready to start trading.
Exists any kind of kind of maintenance or enrollment cost?
No, it is free to open up an account with ThisOption.
https://preview.redd.it/1wewm2zoytf51.jpg?width=1500&format=pjpg&auto=webp&s=8c1d72756ba7a763228df3dd2d146d7bce482aad
Exactly just how can I subscribe?
To join most likely to 'Open up an Account' in addition to get in the called for details.
Please make sure the data you send appertains along with around day.
In the future it will definitely enhance withdrawal treatment.
Thisoption account opening as well as beginning is very basic.
For more information please visit
Website
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submitted by marryjamess to u/marryjamess [link] [comments]

Are T212 CFDs good?

A while ago, I was seeing some very negative posts about t212 CFDs, and that put me off quite a bit. But I realised a lot of it was to do with the share side of CFDs (like companies) and not currencies.
I just wanted to ask if trading currencies is good on T212 CFDs and how your experiences have been? Any bad experiences such as stop losses not being triggered etc.?
Thanks, I would really appreciate your advice.
submitted by Superjumo to trading212 [link] [comments]

Commission free European Broker for Stock Trading and Investing

Hello All,
Everyone around the world would be thinking of investing in Stocks in this pandemic situation but would be wondering which stock broker is best to invest currently.
I currently live in Europe, and was in the same position a couple of weeks before and was doing a lot of research on this topic, and finally came up with a handful of brokers. At last, had chosen Trading 212, an UK based Stock trading/Investing broker to give it a try.I have chosen Trading 212 based on few parameters as below.
1. Commission Free:
Trading 212 is completely commission free. Saying that, your next question would be, how are they making money then. They make money from other premium services and CFDs. Being a beginner, I just want to play around with minimum cash, and not willing to pay a lot of commission for buy/sell transactions at this point of time. And Trading 212 is the place to be if you are in the similar situation. It is totally commission free for trade, no fees to Deposit and Withdraw funds for basic account, and so you can play around the stock market without your money going to big fees.
2. Suitable for Beginners:
If you are a beginner and new to stock market, Trading 212 gives you a simple to use website. They also have a mobile App that gives you the comfort to invest, track and manage your Stock portfolio anytime, anywhere. They also provides you a free practice account with fake cash, where you can improve your skills and strategies, before switching to the real account.
3. Regulated Entity:
Trading 212 is headquartered in the UK and is FCA-regulated entity. Trading 212 UK Ltd. is registered in England and Wales, authorized and regulated by the Financial Conduct Authority, FCA (Register number 609146). So they are trusted Stock brokers where you can invest and trade on Stocks and ETFs around Europe and US.
4. ETFs:
In case you are not ready for stocks yet, Trading 212 provides a wide range of ETFs(Exchange Traded Funds) around the world. So you can invest in a group of Stocks via ETFs of your convenience. It provides a diversification, and your investment will be safer that investing in direct stocks, as ETF investment is diversified across multiple stocks.
Its been two weeks since I started using the real account, and this is the first time ever I started investing in Stocks. With Trading 212, its so far, so good. It is simple to use and comfortable for a beginner like me.
If you are thinking of using Trading 212, create a Trading 212 Invest account using this link www.trading212.com/invite/GIXLKOeH and we both get a free share!
Hope this will help people who are still unsure of where to start and which app to use to invest in stocks. I will post more in the future on my experiences with Trading 212, Stock investing and more!
Stay Safe and Stay Healthy!!!
Declaimer: The above is only my experience. Please do your research before choosing a trading app and start investing.
submitted by InvestorK to u/InvestorK [link] [comments]

New to eToro, does anyone know what all the newbie restrictions are and what it takes to remove them ?

I might be an idiot, but as a newbie who answered “never done this before” to all the questions about my experience in trading when opening my account, I find a lot of restrictions on the app.
I can’t seem to find any option to leverage anything (not saying I would but ...).
Can’t seem to figure how to trade with a CFD (anytime I want to open a trade the app tells me I’m buying the underlying asset).
I can’t short anything.
I can’t trade commodities or FOREX.
I can basically just buy shares.
Am I doing something wrong or are these actually the normal restrictions for newbies ?
Do these restrictions get lifted progressively based on results/stats ? Or will I have to contact eToro support so they lift them ? And if so, can I do that now or do I need good results on the basic stuff to convince them to take the training wheels off ?
Thanks to anyone who can answer.
submitted by MiopTop to Etoro [link] [comments]

Please help me

I've credited the CFD account on the trading 212 platform realised i should be using the isa or invest account.. but can someone please clear this up for me. I dont see how im a buying a CFD I've bought stocks in pin interest and wellsfargo to me it seems like a actual stock not a contract for difference??? There isnt a date on it or a set price? I cant seem to find any CFDs will I gain dividends on the stocks I've bought on a CFDaccount on the trading 212 platform . Just to clarify I am using the CFD account on trading 212 and example buy a single stock of coke cola for £45 do I own the stock to get dividends or do I need to go to the invest/isa account? Sorry for the long ramble , it's just so unclear
submitted by Rags2tags to trading212 [link] [comments]

New to trading but only interested in crypto.

I started this journey for forex but found a crypto scalping strategy due to volatility in crypto allowing me to trade less. I want to scalp crypto, I’m in the US. What US broker allows this, are there non-US brokers that take US clients? Suggestions welcomed.
Also, I just want to trade crypto, but is this necessarily CFD crypto trading? If it is, is there a way to do this as a US client or do I need an overseas entity/account? If I need the latter, how do I go about gettin it?
submitted by HERE_2_LURN to Daytrading [link] [comments]

Let me show you how I make money.

Again within 24 hours of trying to work out a way to make this sustainable and workable for everyone I've noticed it's not worth the hassle to do so. It seems a lot of you expect everything for nothing.

I'm afraid that is not going to work for me. Nothing I am doing is free for me, and if people do not want to pitch in the tiniest bit to help with that I can only conclude one of two things;

1 - The info is not worth $50 to you. In which case it is not worth my time writing it.
2 - People are ungrateful. In which case it is not worth my time writing it.

If people were willing to meet me half way, I'd have went a lot further. People seem to want to stand where they are and shout over to me I'm a scammer for not bringing it all to their feet. That's a perspective. You can have it. I do not mind. But if this is your talk, I'll trade in silence. I'll also show you what happens with the "Scammy" info I was going to provide you for $50.
In the week ahead I'll set up an account with a similar amount to the amount of money people seem to think it's egregious to ask for, and I'll run the same trades on this as will be in the trading plans shared in the proposed offer. I'll use recognised results tracking programs that will automatically verify and display the results.

Build up phase:

I'll start with currency trades. These are the lowest barrier to entry since I can trade micro lots and also have access to leverage. Currency trades should give me about 400 'pips' margin of error. Realistically, I should not need more than 40. I think SPX will be up 2 - 4% next week, this should give gains to on the Aussie against the Swiss (AUDCHF) - I'll go long AUDCHF.

Margin up phase:

After the currency trades I should have enough to trade SPX. I'll start to position short on SPX around 3080 and I'll take a first target of 2377. Given the right setups I'll add to my SPX short as prices are falling to bulk up the net take profit on the trade if it works. I'll trail my stops on the first trades to mke sure I'm not increasing my risk .

Big up phase:

By this time I should have enough margin to trade the Dow. Here I can make some real money. Around 21,000 I'll start to short the Dow and I'll be targeting 10,000. This trade should pay me somewhere in the region of $50,000 per traded lot. During the move I should be able to build up a position of at least 4 - 5 lots on the margin I have. Should be over $200,000 if it hits.

Cash flow up phase:

Once the drop has happened, I will begin to go long and do it in ways that will generate me daily income. I'll do this by transferring about $100K into options account and selling puts for 100 SPY. I'll also switch back to currency trades and I'll engage in what are known as "Carry trades", these will pay me every day I hold the trade based upon the "Swap".
The best carry trades will depend upon what respective interest rates are at the time. Assuming things are similar (relatively) to how they currently are, I will be buying the Aussie, Kiwi and Turkish currencies and I'll be selling them against the dollar and Yen. This will be long AUDUSD, NZDUSD, AUDJPY, NZDJPY and short USDTRY. I'll allocate $50,000 to carry trades.

I'll use the remaining money to hedge and offset risks/losses on my cash flow trades if that is needed, and if not I will use it to make similar trades but ones based upon a short time frame and geared towards risk:reward based profit rather than passive cash flow. I'll keep doing this until the Dow is back to around 17,000 - 18,000.

Crash cash phase:

For the next phase of the drop I will again switch to trading the Dow. This is where I can make most money. I might also allocate $100 - 200K to OTM puts, but since this can be a slower more steady crash it will make more sense to build a position in the CFD market on the Dow. Again my Dow trade should pay over $50,000 per lot. This time building up over 20 lots should be fairly easy.

Cash flow decade phase:

Once the market has crashed I will start to become a big options seller. i'll also engage in carry trades if interest rates are not all screwed up (Which is there are 'currency wars' they could be). Being able to be on the right side of a carry trade will determine if this is viable or not - and that has some variables that can not be known at this time. I'd love to be able to just short USDTRY, though. If it's viable.

With options, I will be selling both put options and call options. I think once the crash has happened we will enter into a long term theta market last 10 - 15 years - this period is known as a 'Lost decade)'. I'll sell SPY puts for under the lows and I'll also sell SPY calls each time there is jumps in upside volatility. I'll be happy to sell SPY calls for 200 for literally years on end.

By this time I should have more than $50.

I'll update my swing plans either bi-weekly, weekly or monthly. Pending on how much free time I have. I'll edit this post to add in the results tracking material when I set it up.

Update: Here's the tracking link. http://www.myfxbook.com/members/2020sBeasomething-for-nothing/6040046

I set the copy software to invert trades & the first trades went short AUDCHF rather than long. That puts me on quite a substantial losing start, but it should not matter. Might push the start of SPX trades back a week. Probably won't. Let me just show the value of what I've been trying to teach you.
submitted by 2020sbear to u/2020sbear [link] [comments]

How to trade CFDs  IG Explainers - YouTube Understanding CFDs - contract for difference- - YouTube CFD Trading Strategies for Beginners CFD (Contract for Difference) Examples for Trading What is CFD Trading?  A Beginner's Guide to Contract For ...

As compared to physically holding a equity, CFD's allow you to buy more for less and increase your earnings at a higher rate (if essentially amplifies your earnings). Step 2: Know the basics of Trading-- Before trading CFD's, you must understand the fundamentals of trading any type of equity. In this example, the CFD trader earns an estimated $48 or $48/$126.30 = 38% return on investment.The CFD broker may also require the trader to buy at a higher initial price, $25.28 for example. You can use CFD’s to trade Forex 24 hours a day. How to Trade CFD’s. Trading CFD’s is very straightforward after a little practice. The first thing you need to do is choose the market you want to trade for example; the Forex market. You then need to find a trading setup that you want to buy or sell. CFDs or Contracts for Difference are financial instruments for online trading. They allow you to take advantage of changes in the price of an underlying financial asset, such as shares, currencies or commodity exchanges. In the first lesson of our full CFD course we will see what CFDs are and how to do CFD trading. CFD trading enables you to speculate on the future movements in a market’s price – going ‘long’ if you think it will rise or ‘short’ if you think it will fall. This guide shows you how to trade CFDs step-by-step, from opening an account to closing a position, and illustrates the process with example CFD trades.

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How to trade CFDs IG Explainers - YouTube

Subscribe https://www.youtube.com/IGUnitedKingdom?sub_confirmation=1 IGTV's Victoria Scholar explains how CFD trading works, from opening an account to clo... Everyday experienced traders are moving from futures and forex trading to CFD’s. New traders are learning how easy it is to begin trading CFDs and why it req... In this video we talk about the difference between CFD trading and actual stock trading, why beginners should avoid CFDs and where a beginner can go to inves... Ever wondered what is Contract for Difference (CFD)? Choon Kit, a Phillip CFD Dealer, bring us through the intricacies of CFDs. What is it exactly? How do yo... please like and share this video so we can do more Let's take some CFD trading examples now. Let's take a look at buying the DAX - a very short-term trade on the Dax.

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