Jump to content
  • 0

HELP!!!


Guest Nick626

Question

Guest Nick626

Hi guys, massive noob over here. Wondering why my minimum guaranteed stop loss rose from 1 all the way to 30.3??? Crazy. Did I make too many trades in one day?? 

Link to comment

2 answers to this question

Recommended Posts

  • 0
3 hours ago, Nick626 said:

Hi guys, massive noob over here. Wondering why my minimum guaranteed stop loss rose from 1 all the way to 30.3??? Crazy. Did I make too many trades in one day?? 

Hi, IG use variable spreads and variable minimum stops so when market conditions are normal they are tight but if there is a period of increased volatility they will widen, that might be for a scheduled news event or suddenly for breaking news and the increase may last just a few minutes or maybe 1 hour eg for a news conference.

The important point is that if you don't know why the spread and min stop has widened something is going on in the market you need to know about before entering any trade.

 

  • Like 1
Link to comment
  • 0
Guest Nick626

Thank you so much for the insight, and I totally agree. However I cannot foresee anything huge on the eco calendar or anything in terms of fundamental analysis, but the minimum stop loss seems to be quite high for all markets available now, (being the weekend). I have a limited risk account but during the week and all week the stop loss was like 1 point, for example now wall st NZD1 contract has a minim stop loss of over 500 points, during the week that would only have been 2 or 3 points minimum maybe less. Has been like this all weekend. I have multiple theories as to why this is happening just need confirmation that this will go back to normal by pre market November open 😩 

Link to comment

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
  • image.png

  • Posts

    • What is Foreign Exchange? Foreign exchange (Forex or FX) is the conversion of one currency into another at a specific rate known as the foreign exchange rate. The conversion rates for almost all currencies are constantly floating as they are driven by the market forces of supply and demand. The most traded currencies in the world are the United States dollar, Euro, Japanese yen, British pound, and Australian dollar. The US dollar remains the key currency, accounting for more than 87% of total daily value traded.Factors that Affect Foreign Exchange Rates Many factors can potentially influence the market forces behind foreign exchange rates. The factors include various economic, political, and even psychological conditions. The economic factors include a government’s economic policies, trade balances, inflation, and economic growth outlook. Political conditions also exert a significant impact on the forex rate, as events such as political instability and political conflicts may negatively affect the strength of a currency. The psychology of forex market participants can also influence exchange rates. The Foreign Exchange Market The foreign exchange market is a decentralized and over-the-counter market where all currency exchange trades occur. It is the largest (in terms of trading volume) and the most liquid market in the world. On average, the daily volume of transactions on the forex market totals $5.1 trillion, according to the Bank of International Settlements’ Triennial Central Bank Survey (2016). The forex market major trading centers are located in major financial hubs around the world, including New York, London, Frankfurt, Tokyo, Hong Kong, and Sydney. Due to this reason, foreign exchange transactions are executed 24 hours, five days a week (except weekends). Despite the decentralized nature of forex markets, the exchange rates offered in the market are the same among its participants, as arbitrage opportunities can arise otherwise. The foreign exchange market is probably one of the most accessible financial markets. Market participants range from tourists and amateur traders to large financial institutions (including central banks) and multinational corporations. Also, the forex market does not only involve a simple conversion of one currency into another. Many large transactions in the market involve the application of a wide variety of financial instruments, including forwards, swaps, options, etc. Foreign currency exchange (forex) A foreign currency exchange rate is a price that represents how much it costs to buy the currency of one country using the currency of another country. Currency traders buy and sell currencies through forex transactions based on how they expect currency exchange rates will fluctuate. When the value of one currency rises relative to another, traders will earn profits if they purchased the appreciating currency, or suffer losses if they sold the appreciating currency.  
    • Totally agree, the growth of Bitget Wallet will have a positive impact on $BWB. The potential for both seems exciting. Good luck to you too, and hopefully everyone can benefit from these earning opportunities.
    • Sounds like Mystiko Network is making some serious waves in the interoperability space. Seamless compatibility across multiple blockchains is a game changer, especially with the ZK SDK for secure and private dApps. Big backing from Samsung and Coinlist adds credibility too. I will keep an eye on that Bitget listing, it could be a major boost for $XZK
×
×
  • Create New...
us