Wall Street Futures

[KHYEOH]

Can i ask for wall street futures, i can clock in short and long for the same time? and multiple shorts & longs?

[Caseynotes]

Just now, KHYEOH said:

Can i ask for wall street futures, i can clock in short and long for the same time? and multiple shorts & longs?

Hi, the futures charts are from the arrow and dropdown box next to the name on the wall street cash (spot, dfb) chart.

to enter trades in opposite directions you need to select 'Force Open' on the deal/order ticket.

[KHYEOH]

meaning to say, if first transaction i go for "long" and i decided to keep "long" .. for second transaction i should click force open then go for "short", then i should see 2 opposite contract on my position page right?

[Caseynotes]

13 hours ago, KHYEOH said:

meaning to say, if first transaction i go for "long" and i decided to keep "long" .. for second transaction i should click force open then go for "short", then i should see 2 opposite contract on my position page right?

yes that's correct. Force open, also known as Hedging mode allows the 2 opposite trades to continue running.

If you select Net off then 2 trades running in the opposite direction will cancel each other out.

If you were sure of market direction and have a long trade open but the market then reversed you could force open a equal sized short trade and with both trades running your PnL would be static, then when the market reversed back up again close out the short hedge position.

[KHYEOH]

For IG platform, all indexes are futures right, are there any actual index for us to spot for play?

[Caseynotes]

6 hours ago, KHYEOH said:

For IG platform, all indexes are futures right, are there any actual index for us to spot for play?

Hi, no the DJIA is the underlying market for IG's cash (spot/dfb), the Dow futures are separate markets with different prices (see the alternative Dow charts from the dropdown box next to the Dow name on the chart).

[KHYEOH]

ok thanks