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huge spike forced closed positions


Guest eugune

Question

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.

 

spike.JPG

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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 ?.

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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.

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