Jump to content

14points difference in market price and order executed price


Recommended Posts

Hi all,

I am practicing with a demo account for a few weeks now. I usually practice on the morning session CFD with AUD/USD pair. With my AUD20,000 demo account I buy 30contracts. But this morning, as soon as I enter it was going down -80AUD(without much market move) , and noticed a price difference of 14points from market price to order execution price. Is that because of high spread? Thanks in advance.

 

Link to comment
6 hours ago, Gp007 said:

Hi all,

I am practicing with a demo account for a few weeks now. I usually practice on the morning session CFD with AUD/USD pair. With my AUD20,000 demo account I buy 30contracts. But this morning, as soon as I enter it was going down -80AUD(without much market move) , and noticed a price difference of 14points from market price to order execution price. Is that because of high spread? Thanks in advance.

 

Hi @Gp007

Thanks for reaching out. Wider spreads can widen when volatility rises or liquidity falls. With the current holiday where liquidity is low and therefore spread is high.

All the best - MongiIG

  • Thanks 1
Link to comment
18 hours ago, Fratty1 said:

Hello,

I am new to trading, IG is my first platform. I have a demo account of $20000, any advice?

Hi @Fratty1

Welcome to the community.

What type of trader are you? Scalper, day trader, swing trader, position trader, algorithmic trader or event-driven trader ?

If you don't mind, please share your routine when it comes to your trading analysis.

 

All the best - MongiIG

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,251
    • Total Posts
      90,857
    • Total Members
      41,356
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Kevinjhowe
    Joined 04/02/23 01:29
  • Posts

    • Hello, Is any interest paid on "available" cash (not "margin") in a spread betting account? For example, if I held £10k in an account and had no open positions. The reason for asking is that I understand that proceeds from short sales in a CFD will receive interest (benchmark-2.5%), so was wondering if that applied to all cash, and couldn't find an answer on the web site.   Thanks.
    • Hi @Mark12 If you are trading shares, you will have the option to place a limit order to sell your existing position. When the market opens, please check if your order level is close to where the market is trading. All the best, OfentseIG
    • We have to wait until Friday to find out if the UK economy skirted a recession.   Richard Snow, foreign exchange analyst at Daily FX, tells IGTV’s Jeremy Naylor that after the third quarter contraction of 0.3%, there is a risk around the incoming data for the fourth quarter. Here he discusses GBP/USD as a trade to go short. But what if GDP comes in slightly higher? Richard says that is likely to be largely academic and that he believes the short trade will prevail. Jeremy Naylor | Writer, London | Publication date: Friday 03 February 2023
×
×
  • Create New...