Best Thread Capital Spreads
coolTrader
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order/stops/take profit
Simon,
If I put in an order and it hits my price @ night what happens? or if my stop or take profit gets fired what happens.
thanks
Simon,
If I put in an order and it hits my price @ night what happens? or if my stop or take profit gets fired what happens.
thanks
Hi,
I'm new to spread trading and have an account with Capital Spreads and notice that if you put on an order when the markets are closed that the spread significantly widens. I was wondering if this is common amongst all the spread firms and is it worth placing an order when the markets are closed because of this extra spread?
Thanks,
James
I'm new to spread trading and have an account with Capital Spreads and notice that if you put on an order when the markets are closed that the spread significantly widens. I was wondering if this is common amongst all the spread firms and is it worth placing an order when the markets are closed because of this extra spread?
Thanks,
James
the blades
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bobmick said:
Hi James,
Yes - it is common for the spread to widen out of hours.
"is it worth placing an order" - well really only you can answer that. You have to weigh the cost of the deal against your expected outcome? Is it significantly altered by the extra spread? Sorry if this seems a little vague, but only you have this answer.
Cheers,
UTB
alliance
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Hi Simon,
Just adding another "signature" to the 24 hour petitioners. In line with others comments, many times I do not trade on my CS account after about 6pm simply due to the aforementioned inability to move stops/close trades after 9pm. It is the one major area where your "CS" doesn't also stand for (great) Customer Service
Speed up the solution pls!
tnx
Just adding another "signature" to the 24 hour petitioners. In line with others comments, many times I do not trade on my CS account after about 6pm simply due to the aforementioned inability to move stops/close trades after 9pm. It is the one major area where your "CS" doesn't also stand for (great) Customer Service
Speed up the solution pls!tnx
BroadSword
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jaykay3 said:
Yes, very much so from my point of view, too.
I am basically in a situation where I will have to cancel orders that are pending at the end of the day, and open them - if the setup is still valid - at 7am every day until your 24 hr forex is operational. This cannot happen too soon!
How long? Cheers!
capitalspreads
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alf25
I am sorry I actually said we would replace the ability to move the trade window around. The four minute time out will remain for the time being.
Cooltrader
As per our Terms all orders (of whatever type) are only active whilst we are quoting that market (including hours when a market is open for telephone trading). So any stops new orders or limits will not be hit if the level is reached out of our quoting hours. Sometimes this will beneifit a client, when a stop is hit out of hours and the market then moves back, and sometimes it will not.
Slippage will apply to all markets when they reopen (no matter whether the market was actually trading during the time when we were closed)
Simon
I am sorry I actually said we would replace the ability to move the trade window around. The four minute time out will remain for the time being.
Cooltrader
As per our Terms all orders (of whatever type) are only active whilst we are quoting that market (including hours when a market is open for telephone trading). So any stops new orders or limits will not be hit if the level is reached out of our quoting hours. Sometimes this will beneifit a client, when a stop is hit out of hours and the market then moves back, and sometimes it will not.
Slippage will apply to all markets when they reopen (no matter whether the market was actually trading during the time when we were closed)
Simon
As a novice spread trader and new client of Capital Spreads there's a few technical analysis things on their site that I could do with explaining to me if poss. Firstly, momentum - I know what the word means but how is it applied to spread trading? Secondly, parabolic SAR. Looks like it may be a useful tool but not sure how to use it. Lastly there's linear regression indicator which seems to follow the price moves but I cant find any reference to this tool on any of the web sites I've looked at.
Be very grateful if someone could help.
James
Be very grateful if someone could help.
James
James, just google terms and you'll find lots of hits.
The following site is MetaStock charting but has good illustrated explanations:
http://www.paritech.com/education/technical/
http://www.investopedia.com/university/technical/
http://dmoz.org/Business/Investing/Research_and_Analysis/Technical_Analysis/
The following site is MetaStock charting but has good illustrated explanations:
http://www.paritech.com/education/technical/
http://www.investopedia.com/university/technical/
http://dmoz.org/Business/Investing/Research_and_Analysis/Technical_Analysis/
coolTrader
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capitalspreads said:
Ok, thanks. I just wanted to clarify this as the orders option is enabled outside trading hours and it is a new feature.
Will this be changing in the future, sometime soon?
Hi Simon
I`ve been turned down a spread betting account ( not capital spreads) because of being a house husband with no income. I already have a funded SB account with one of the BIG SPREAD firms in the market , and a funded share account (both opened when i was working) but wish to enjoy the tighter spreads available. Is this FSA rules or guide lines? And am i stuck with the big spread gang forever.
Cheers
SWISS
I`ve been turned down a spread betting account ( not capital spreads) because of being a house husband with no income. I already have a funded SB account with one of the BIG SPREAD firms in the market , and a funded share account (both opened when i was working) but wish to enjoy the tighter spreads available. Is this FSA rules or guide lines? And am i stuck with the big spread gang forever.
Cheers
SWISS
capitalspreads
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Trdr
thanks for answering that question. I hadn't a clue what the terms meant either !! (well... not quite but close)
swiss
The FSA does not give absolute rules over who we can accept. They just give us the sort of catch all that we (Capital Spreads) should be aware that the client is 'suitable' for what is a risky form of trading
/ investing.
The problem is that we (as a company) then have to make an assessment as to what a client is allowed to do with his own money based on the information we receive on the application form.
We have our own criteria as to how we do this, and I am sorry to say that I believe that we are slightly more stringent than some of our competitors. We do not demand a minimum funding on the account but we do have limits as to who we accept in the first place.
We do not want to be seen as a company who would take the only £100 savings an unemployed client had in the world merely to open an account !! ( and frankly, in this, i totally agree with the FSA)
Before anyone gets the impression that we are doing this entirely on an altruistic (saving a client from himself) basis. There is also a self serving point to this in that we as a company are risking the client blowing up on some silly volatile bet when the chances of him/her paying the debt would be zero. (harsh I know ..but we are running a business here!).
Sorry
Cooltrader
we are commissioning a 24 hr FX platform but other markets will probably remain closed out of our business hours.
Simon
thanks for answering that question. I hadn't a clue what the terms meant either !! (well... not quite but close)
swiss
The FSA does not give absolute rules over who we can accept. They just give us the sort of catch all that we (Capital Spreads) should be aware that the client is 'suitable' for what is a risky form of trading
/ investing.
The problem is that we (as a company) then have to make an assessment as to what a client is allowed to do with his own money based on the information we receive on the application form.
We have our own criteria as to how we do this, and I am sorry to say that I believe that we are slightly more stringent than some of our competitors. We do not demand a minimum funding on the account but we do have limits as to who we accept in the first place.
We do not want to be seen as a company who would take the only £100 savings an unemployed client had in the world merely to open an account !! ( and frankly, in this, i totally agree with the FSA)
Before anyone gets the impression that we are doing this entirely on an altruistic (saving a client from himself) basis. There is also a self serving point to this in that we as a company are risking the client blowing up on some silly volatile bet when the chances of him/her paying the debt would be zero. (harsh I know ..but we are running a business here!).
Sorry
Cooltrader
we are commissioning a 24 hr FX platform but other markets will probably remain closed out of our business hours.
Simon
Thanks for the quick reply Simon
i see what you are saying, but i`m not unemployed and not looking for work just gave up work to bring up the kids as the wife has the biggest income. Now i have some freetime on my hands , i wanted a hobby /interest and see that there are alot more competitive players in the market now than there were 4 years ago. But basically MOST SB firms look at it as no job no account .How do SB companies look at retired people is this the same?
Thanks for the information
Swiss
i see what you are saying, but i`m not unemployed and not looking for work just gave up work to bring up the kids as the wife has the biggest income. Now i have some freetime on my hands , i wanted a hobby /interest and see that there are alot more competitive players in the market now than there were 4 years ago. But basically MOST SB firms look at it as no job no account .How do SB companies look at retired people is this the same?
Thanks for the information
Swiss
