Hi all,
Just a quick question, I have recently re-started trading after taking a little break to sort out a decent strategy for myself. I have an account with IG Index and in general find them ok. My account balance is pretty small at the minute and I'm hoping to build it up slowly over time. In my stategy I risk 2% per trade and generally trade FTSE 100 companies and Irish ISEQ companies when my strategy gives a signal. however, with IG Index the minimum bet for a lot of the markets is €1, if i am to have any decent size stoploss at all my risk of 2 % is blown out of the water. Not very good for someone trying to conserve a small trading balance!! I sometimes find that in order to set an apropriate stoploss my risk would have to be 20 - 30%
As far as I'm aware Oanda do it for currency trading but is there any broker who allows very small minimum bets on shares?
I hope i have explained my problem clearly, please help
Just a quick question, I have recently re-started trading after taking a little break to sort out a decent strategy for myself. I have an account with IG Index and in general find them ok. My account balance is pretty small at the minute and I'm hoping to build it up slowly over time. In my stategy I risk 2% per trade and generally trade FTSE 100 companies and Irish ISEQ companies when my strategy gives a signal. however, with IG Index the minimum bet for a lot of the markets is €1, if i am to have any decent size stoploss at all my risk of 2 % is blown out of the water. Not very good for someone trying to conserve a small trading balance!! I sometimes find that in order to set an apropriate stoploss my risk would have to be 20 - 30%
As far as I'm aware Oanda do it for currency trading but is there any broker who allows very small minimum bets on shares?
I hope i have explained my problem clearly, please help