Trading Forex with Finspreads

[Polecat]

I'm going to start position trading Forex and I'm using a demo account with VisualTrader for signals. However, I don't want to trade on the VT platform prefering to place my trades with Finspread. I've Three reasons for this:

1) I don't want to pay any tax.
2) The spreads are slighty tighter.
3) I'm confortable using the FS platform and SB firms in general.

Now - here's my concern:

As Finspread doesn't trade FX 24 hrs - trading is between 0700 and 2100hrs - I'm concerned about gapping and slippage exposure overnight.

Three questions:

1. Is this a valid concern (I'm new to forex)?
2. If it is, then can anyone suggest a strategy to overcome?
3. Do any of the SB firms trade fx 24 hrs?

Thoughts, help and suggestions very welcome.

 

[watsone]

cmc trade 24/5 & also have tighter spreads

 

[fxmarkets]

1. yes (depending on stops?)
2. change company/ use sensible stop, multiple of Atr ?
3. IG Index..... (spreads?) if you pay an extra pip or 2 better that than not being able to deal ,given trade horizon (days positional), shouldn't make a massive impact on pips??

Given Fx is 24 hrs, Im sure there will be times when you will be able to use this advantage? to your advantage.

 

[JonnyT]

What about Capital Spreads?

They seem to be open and honest on this site

JonnyT

PS I currently only have a Spreadbet account with Deal4Free

 

[rav700]

I'm going to start position trading Forex and I'm using a demo account with VisualTrader for signals. However, I don't want to trade on the VT platform prefering to place my trades with Finspread. I've Three reasons for this:

1) I don't want to pay any tax.
2) The spreads are slighty tighter.
3) I'm confortable using the FS platform and SB firms in general.

Now - here's my concern:

As Finspread doesn't trade FX 24 hrs - trading is between 0700 and 2100hrs - I'm concerned about gapping and slippage exposure overnight.

Three questions:

1. Is this a valid concern (I'm new to forex)?
2. If it is, then can anyone suggest a strategy to overcome?
3. Do any of the SB firms trade fx 24 hrs?

Thoughts, help and suggestions very welcome.

I have been trading finspreads for time and have had no problems with fills
I have also got to say I found their spreads to be the tightest from a spreadbetting point of view
3pt on eur,gbp,jpy that is definately a bargain......
Happy trading