Rolling Bets UK trade

[50.]

Hi I am a novice .Please can anyone explain what would happen if i am Long Eur/USD @ 1.2011 @ £5/tick.

My platform closes at 9.15pm at 1.2018 .1 have a stop loss at 1.20

What would happen if at 7am the spot is 1.1989 .

Would my stop loss kick in ,or would i loose 1.2011 - 1.1989?

I looked FAQ and betting guides but i do not know the answer.

Would I be better off putting a wider stop loss?

regards 50.

 

[Splitlink]

Nothing is guaranteed, that is why there are guaranteed stops, which is what you pay extra for. You may be lucky and get stopped at 1.2, but they will close at the price available. I don't "Forex" so it's a different animal for me. Ask around the Bet spread and Forex boards.

Take it easy- active trading at 5 quid can be an expensive way to learn and it's a jungle out there.

Split

 

[50.]

thanks for the advice .