By ScalperAndy · Posted
By DominicWalsh · Posted
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.
The value of shares, ETFs and ETCs bought through a share dealing account, a stocks and shares ISA or a SIPP can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results.
CFD, share dealing and stocks and shares ISA accounts provided by IG Markets Ltd, spread betting provided by IG Index Ltd. IG is a trading name of IG Markets Ltd (a company registered in England and Wales under number 04008957) and IG Index Ltd (a company registered in England and Wales under number 01190902). Registered address at Cannon Bridge House, 25 Dowgate Hill, London EC4R 2YA. Both IG Markets Ltd (Register number 195355) and IG Index Ltd (Register number 114059) are authorised and regulated by the Financial Conduct Authority.
The information on this site is not directed at residents of the United States, Belgium or any particular country outside the UK and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
I’m new to trading. And I’m still getting to grips with the fact that there’s a lack of stop losses and trailing stops on the IG UK share platform.
I therefore tend to get around this issue by placing a “sell order” for my total held shares at a point which I’d deem to cut my losses. I also set an alarm for when a share price hits a desired level I’d like to take profits.
However today I bought shares in Angling direct plc (AIM share) but was only offered a day limit order type. I ended up losing out when ideally I would have liked to hold these shares for the long run.
Could anyone shed some light on why I could only place this type of order and not a GTC order type for these shares? Is it to do with the AIM share type?
Many thanks in advance!
JamesEdited by Jamesh123
Link to comment
2 answers to this question
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
Already have an account? Sign in here.Sign In Now