huge spike forced closed positions

[Guest eugune]

Hi i am new and is not used to cfds, does IG commonly close out clients positions post market close using seemingly artificial spikes?

3 of my open positions were closed with the 100 points downward spike.

 

[dmedin]

11 minutes ago, eugune said:

not used to cfds

 

Well, you need to be familiar with CFDs before you start using them.

[Guest eugune]

52 minutes ago, dmedin said:

 

Well, you need to be familiar with CFDs before you start using them.

very helpful indeed

[Guest Omegaman]

I agree with previous post. You DO need to be very very familiar with CFD's, whether they be stocks, currency or any other. IG's computers will close you out. Do you use stop losses?. If you do are they to close ?.

[TheGuru12]

This happens ALL the time, Especially to newer traders. Look anywhere on the internet and you will find countless examples. There's loads of ways to combat this. Don't use Guaranteed Stops, Setting an appropriate Stop Distance for your trade. It comes with practice my friend. Don't trade round NFP day unless you really know what you are doing etc.