Soldato
I use IBKR - you can trade Forex too at spot rates with basically no spread (0.5 to 1 pip) to convert your currency.
Can deposit and withdraw in all major currencies.
Trading the stockmarket (NO Referrals)
- Thread starter mcast123
- Start date
I use IBKR - you can trade Forex too at spot rates with basically no spread (0.5 to 1 pip) to convert your currency.
Can deposit and withdraw in all major currencies.
Associate
Thanks for that. You recommended them a couple of pages back as an alternative to HL so I'll certainly take a look at them as I would like the option of trading US stocks without getting stung with too many fees.
Soldato
It really depends on your account size / how active you are if it's worth it.
IBKR has $10 / month inactivity fees if holdings are under $100k equivalent and data feeds (ie. live prices) require a subscription. But this cancels out quickly in the fees you save (US stocks / ETFs are $0.005 per share with a $1 minimum)
There's also introducing brokers such as Captrader which is basically a white label for IBKR which doesn't have the inactivity fees but higher trading fees :
https://www.captrader.com/en/account/commissions/
https://www.interactivebrokers.com/en/index.php?f=1590&p=stocks1
The next couple of weeks is going to be interesting. My take is that the markets have currently priced in an almost complete return to normality by next year.
Vaccine development, and the numbers coming out of countries that are starting to ease their lockdowns are going to be big news. No one at this stage has a clue whether this is a temporary blip, or will lead to permanent changes to the way we live.
Vaccine development, and the numbers coming out of countries that are starting to ease their lockdowns are going to be big news. No one at this stage has a clue whether this is a temporary blip, or will lead to permanent changes to the way we live.
You'll be out already then
Not yet, I wasn't going to sell on the short spike this morning, with this news I think i'm happy to hold for the time being, probably take some off over £1 and leave half running but will reassess as we go.
Ah the famous moving target
lol, let your winners run I believe is the saying, hardest thing to do imo, i'm great at letting my losers run!Ah the famous moving target
Soldato
Not looking too red compared to open.
Opened GILD short, wrote a put against it
Sold some SPY puts and calls against my existing short too.
Soldato
Oil even @ 0 right now doesn’t make much of a difference as everyone is only quoting the May contract (which stops trading in an hour) as there’s no storage in OK for physical delivery.
June contracts are a fair bit higher ($22 or so)
Soldato
- Joined
- 25 Nov 2005
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A world first ?
Soldato
FOr a whole market yea but uneconomic oil wells are normal. Canada has tar sands oil or something really a pain to extract but in profit over $100 maybe. Sour oil in Venezuela I wonder if they've made anything much for a while; these are the worlds largest known reserves.
If this problem crashed that regime you have a clear benefit for longer term but apparently the army there is shipping drugs instead of oil now for business. Somebody has to be benefiting from cheap energy, some massive project. They can run desalination machines in near desert countries, just got to transport it there, then grow the agriculture, build markets all of which is long term but May contract is right now. Contango I think that is
Same thing happened in '08 even in UK they paid certain docks to shore up container ships full of oil. They have their reasons to not just hold off production I guess.
If this problem crashed that regime you have a clear benefit for longer term but apparently the army there is shipping drugs instead of oil now for business. Somebody has to be benefiting from cheap energy, some massive project. They can run desalination machines in near desert countries, just got to transport it there, then grow the agriculture, build markets all of which is long term but May contract is right now. Contango I think that is
Same thing happened in '08 even in UK they paid certain docks to shore up container ships full of oil. They have their reasons to not just hold off production I guess.
imo lots of prices wont be the same long term; we dont complain about 10yr bond but its not real imo. The market has the job of making them accurate and more reliable so that business can plan. zero cost oil would make us all rich in theory, but its not going to happen.
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Soldato
Brent is more international where there is still some storage capacity - WTI is for delivery in Oklahoma where there's no current capacity.
Retail investors are also apparently screwing up the market by buying up ETFs like USO which now holds 30% of the OI on June WTI futures
Soldato
I got off the rollercoaster. Good luck and god speed folks.
Associate
Anyone got cheap premiums on investing in backed gold ITFs or ITCs?