hmm...does IG do shifty things to keep their losses down?

[TAjammy]

i hear that sometimes when you want to sell, sometimes it just won't work! this is bad, isn't it?

o, by the way can you use guaranteed stops on the plus account, they didn't answer my email

 

[Masquerade]

You hear wrong and you can use guaranteed stops.

More importantly you can't have an account for 3 years so why the fascination?

 

[TAjammy]

just planning for the future..yes....

 

[Masquerade]

Take job - make £100 - Nag parents to make an Alpari account - Deposit £100 - Trade 5p/pip - Build it up - In 3 years be an 18 year old with a few million £ to your name if you're any good.

Easy

 

[TAjammy]

Take job - make £100 - Nag parents to make an Alpari account - Deposit £100 - Trade 5p/pip - Build it up - In 3 years be an 18 year old with a few million £ to your name if you're any good.

Easy

lol, would you like to invest in jammy industries?
alpari? which markets do they trade? low stakes? minimum? one touch dealing? good charting?

 

[Masquerade]

lol, would you like to invest in jammy industries?
alpari? which markets do they trade? low stakes? minimum? one touch dealing? good charting?

Depends what Jammy industries is/does....

Alpari - OTC retail FX broker. Low stakes - 0.01 lots ~6p/pip varying on rates but for infinite time unlike IG. One touch dealing - what's that? Charts - Meta trader, clear and customisable, much better than IG. I don't love their execution for my trading but if you're swinging/longer term they'll be fine.

Alternatively....http://lmgtfy.com/?q=alpari

 

[TAjammy]

though i don't wanna limit myself to just the FX market,want access to metals,indices and energies.

ps-do you think SB is a bad idea?

 

[TAjammy]

i need $200 for alpari though,was gonna use fxcm. what are IGs spreads like on FX,metals ,indices and energies? i hear they're pretty volatile...

 

[shadowninja]

I only trust IG and Alpari with my money. I don't feel I've been treated unfairly.

 

[Masquerade]

I don't think Alpari treated me that fairly, but far better than Capital Spreads nevertheless.

 

[TAjammy]

shadow with your experience does IG ever have volatile spreads - by the way not around news just normal days. To be honest i don't know what the better option is- a) join IG or and risk to be at the demise of 'manipulation' and 'wider spreads than advertised', or b) joining Oanda trading 5 cent/pip aswell as joining another spreadbetter allowing access to other markets

 

[tenbobtrader]

or build a method that is not to 10 pips

pay them their spread including chop both sides of it when your method indicates its worth trading

you mind your work and stop worrying about theirs would be my advice

later

Andy

 

[azwhaley]

I'm fairly new to spread betting and currencies and I'm using IG but something related happened to me yesterday. I picked a nice rise using MACD and had a nice gain of 40 points when it started to top out so I got ready on the Sell button and fairly instantly it dropped 20 points, I clicked on the Sell button but I got a message back after some delay saying there was a problem getting prices, I clicked again and it eventually came back after the entire 40 points was wiped out and I made a small loss.

Is this common ?

 

[foredog]

No, but if you're trying to sell as it's dropping like a stone then the price will be invalid as soon as you press sell becasue price may already be 5pts lower.

generally i've had no problems with IG in 4 months trading full time with them.

Re widening spreads, most of the pair have a normal spread and sometimes it widens (on news i saw cable go to 15, but thats expected at BIG news) butoverall something like cable will usually be 3, very rarely more and quite often 1.9

 

[shadowninja]

One thing I've experienced with other SBers is that in the middle of the day, during a critical moment, you'll get "market not available" and can't open or close a position. Nice.

 

[TAjammy]

i prefer the capital spread's platform, although can you make it the the stop loss is set by you? damn! just found out that minimum stake is £1..bah, plus their charting is delayed by 15 mins, IG has 10p stakes and realtime charting, seems like a no brainer....

 

[donaldduke]

If they are not able to hedge your trades then yes they will resort to doing shifty things to reduce your profits.

 

[TAjammy]

o well, bleh i'll be playing 10p per point with around £30 lol so it ain't gonna hurt much a few pips here and there. But i love their charting and platform so what the hell.
By the way, 10p per 'point' , what is a 'point' in terms of stock prices, for eample as of now im demoing and sold GE at 13.95, say it drops to 13.00- how many points is that?

o yes yes, when i'm 18 of course

 

[foredog]

95 points so at 10p you've made £9.50

in forex it'd be per 0.0001 move eg sell gbpusd at 1.7025 buy back at 1.6095 = 30 pts * 10p =£3

 

[TAjammy]

really? so it's the cents/ pennies, even in big dollar stocks like google?

grr first day demoing with capital spreads, dont like them anymore, a phat finger lost me £80. IG will have to be the choice