14points difference in market price and order executed price

[Gp007]

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.

 

[MongiIG]

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

[Gp007]

Hi MongilG, Thanks for your time.

[Fratty1]

Hello,

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

[MongiIG]

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