Hi @farmguy1

I don't think you hold crypto in AUD. You convert or exchance fiat (eg AUD or USD) for crypto, to which you can attribute a base cost if you are planning on paying tax in your resident country (ie Australia), or trading for profit. So I would use which ever fiat you have the most ready access to. Then you can use your new crypto to buy other crypto too!

Assumming you are Aussie based, and your income is in AUD, then paying a fee to exchange AUD to USD to then paying a fee to buy crypto, doesn't seem to make much sense to me.

I agree @ShangriLa.

Also find it ridiculous how much the ASX charge for display licenses -- which is what you need if you want to put ASX announcements, or prices on your website. That's not for the data itself -- you have to pay a 3rd party seperately for that (a lot) -- just the right to display it! EG if you wanted ASX announcements on your site (such as this one), it costs over $20k per year, plus whatever the data provider will charge!

It's nice to be a (near) monopoly.

Regarding algorithmic trades you flag ShangriLa, it is probably more an a function of your broker not providing the service rather than the ASX not allowing retail investors to use it.

I have an Interactive Brokers (IB) account for some of my portfolio and can use algorithms to execute trade orders (some listed below).  My other trade account with Bendigo Bank does not allow this nor does my CommSec account where I have to do limit or market orders.  So if I want to by an illiquid stock I either pay a massive price penalty for a market order or need a lot of patience with a limit order.  If I use my IB account I can set it up to run over the day and it will take little bites based on the algo type. 

There may be other brokers that offer this to retail investors, but note that most algo trading is done to just avoid large trades from being executed at a disadvantage.

Algo Types I use:

• DarkIce: This is an order you put in at a fixed buy/sell price but only show a certain volume at that price.  Eg if I want to by 10k of shares, I do a black ice at a price to show only 1k shares.  When the price is reached it executes the first 1k volume then once done places a new 1k volume order at the same price and repeats until the order is filled.  This means you can hide the size of your order from the market.
• TWAP: This is a time weighted average price order, so the order is released to the market over the trading day in small amounts.  You can set a price limit, but in essence it is just breaking down a large order into lots of small orders.
• VWAP Volume weighted price order - similar to TWAP except the order is executed with the volume of trade over the day.

There are many more, but these are fine for my basic requirements.

@Strawman, that is almost worthy of a 'bull case' straw for ASX Ltd! 

And I second the motion, @ShangriLa - The low-volume algorithmic trades do the retail player a great disservice.  I wonder if a mass mailing to ASX would budge them any?  I doubt it.

A Red Dot beside a holding in your NABTrade portfolio is simply an alert, and it does alert you to price sensitive announcements, as well as some other things such as 52-week high or lows being reached during that trading day.  For instance, ZNO and TNE both had red dots today.  ZNO because of their Quarterly Activities/Appendix 4C Cash Flow Report (which resulted in a nice +26.58% rise, admittedly off a very low base) and TNE because they reached a 52 week high with a trade of 12.06 at 10:26am AEDT today (14-Oct-2021).  If you click on the actual red dot, it will tell you the reason for its existence.  The red dot does NOT necessarily indicate there is a price sensitive announcement for that company, even though a price sensitive announcement is ONE of the reasons why there might be a red dot there, it's just to alert you that there is something of note to check out, and checking it out is as simple as clicking on the red dot itself.

Additional:  TNE actually got up to $12.485 at one point (3:10:06pm today) before closing at $12.30, so I'm not sure of where NABTrade got that $12.06 high from, as it was actually $12.485.  It's important to remember that those red dots are generated by the NABTrade software, not by the companies themselves and the NABTrade software automatically creates an alert (red dot) for every price-sensitive announcement plus a few other things, such as new year-highs or year-lows being made intraday.  However, as demonstrated by the TNE 12-month high alert (@ $12.06), they don't always get the details right.

Ah-huh! Thanks Bear. I am that little bit smarter than I was this morning. Although I'm still getting my head around the breadcrumbs.  Are the trading systems trying to convince other - dumber - algorithms that there's a technical trade opportunity (that then becomes self fulfilling). Or are they trying to convince punters - or both?  Actually maybe I don't want to know as it's hurting my head. 
 

There are so many more things that I don't know that others might. I could fill a book. 
 

why do you so often see a buy and sell position before market open that either offset or nearly offset but are significantly different to prior close?

why do people rate Brainchip?

why does does beetroot go through your digestive system so quickly?