Jump to content

Unexplained Forex spike.


Recommended Posts

Using demo account to learn spread betting on forex. Today on EUR/AUD between 13.00 and 14.00 hours my trade (a short) went from a position of small profit to spiking my stop loss before making major gains on the short trade, in minimal time. This movement is not evident on the other trading platforms I've been mirroring my IG account against, such as for e.g. MT4 platforms. Although this is only a demo account this worries me. The bounce was between 156276 to 154842 and the long gain above my entry point triggering my stop loss was evident only on the IG platform can you explain why this has happened. 

Link to comment
20 hours ago, Bell07 said:

Using demo account to learn spread betting on forex. Today on EUR/AUD between 13.00 and 14.00 hours my trade (a short) went from a position of small profit to spiking my stop loss before making major gains on the short trade, in minimal time. This movement is not evident on the other trading platforms I've been mirroring my IG account against, such as for e.g. MT4 platforms. Although this is only a demo account this worries me. The bounce was between 156276 to 154842 and the long gain above my entry point triggering my stop loss was evident only on the IG platform can you explain why this has happened. 

Hi @Bell07

Thank you for reaching out. Could you please paste a screenshot confirming the time of the spike. We will look into it. Thank you, OfentseIG

Link to comment
  • 5 weeks later...

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
      21,195
    • Total Posts
      90,731
    • Total Members
      41,306
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    sbehdadkia
    Joined 30/01/23 19:24
  • Posts

    • Trying to buy First Trust Nasdaq Cybersecurity ETF (CIBR) but the order keeps getting rejected, even with Order type = limit and expiry = Day (all  sessions).  Please advise.
    • @MongiIG How long does it take to reply to a simple question?
    • Look Ahead to 31/1/23: Big data from the US, China, Japan; PFE, XOM, AMD earnings Ahead of the Fed meeting and the key US jobs report, investors get set to digest retail sales numbers from Germany and Japan. Plus, look out for consumer-related data from China, France, and the US. Earnings see Pfizer (PFE), Exxon Mobil (XOM) and Advanced Micro Devices (AMD) hand in their Q4 report cards.   Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 30 January 2023        
×
×
  • Create New...