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10/06/21 10:53
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Posts
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Look ahead to 2/6/23: US jobs; Baker Hughes rig count After the stronger than expected private payrolls number from ADP, risks would seem to be on the upside for the US non-farm jobs number on Friday. Jeremy Naylor | Analyst, London | Publication date: Thursday 01 June 2023 IGTV’s Jeremy Naylor looks at USD/JPY as a potential trade. Outside of this watch Brent around the Baker Hughes rig count.
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What's the next move following the bank run that led to a rally in US stocks? The markets have been giving us hints on its coming trend, which markets are they? Deploying market psychology not only helps us to connect the dots in today’s complexity, it also gives us the simplicity to chart into the future. In this session, we have invited market veteran, Wong Kon How, to help you improve your trading literacy and successfully navigate the financial markets. Kon How will demonstrate how he understands today’s market complexity and seizes the coming opportunity with behavioral science.
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Charting the Markets: 1 June Dow and CAC40 stabilise while Nasdaq 100 edges down. EUR/USD, EUR/GBP and USD/CAD stabilise as US debt ceiling bill goes to Senate. And Brent, orange juice stabilise while copper advances as US debt ceiling bill gets signed. Shaun Murison | Senior Market Analyst, Johannesburg | Publication date: Thursday 01 June 2023 This is here for you to catch up but if you have any ideas on markets or events you want us to relay to the TV team we’re more than happy to.
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Question
Konrad
When trading on any platform (CFD) each deal has a default trade execution type set to 'net off'. What is the reason behind choosing this value as the default one?
I'm asking because I just lost some money (again) when opening new position against another already existing position.
Imho most ppl when they see name 'new deal' they expect to open new position - if they already have an opened position on the opposite side of the market, they should know about it and the intention behind new deal is to open a hedge - not to trim an existing position.
Also, hedge is (again Imho) better solution from customer's perspective - it doesn't involve loosing money.
So why IG has decided to go for 'net off' option?
Possible solutions:
1. Leave the fiend empty but required - this will prompt a trader to make a conscious decision.
2. Make it configurable.
3. Make 'force ooen' as a default option.
4. Add another option to edit existing position (as ame way as you can edit limit/stoploss) - for situations such as closing only fraction of existing position...
K
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