HELP!!!

[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?? 

[Caseynotes]

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.

 

[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 😩