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Newbie Question on Stop Losses

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Hi Guys, this morning I noticed (on the demo account) the GBP/USD stop loss changing from a minimum of 4 to 12 pts which makes scalping for a few pips at a time a waste of time and uneconomical. Is IG simply allowed to up the Stop allowed at any time to discourage you from trading or trading a particular point in time? Cheers.

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12 minutes ago, Goldengawd said:

Hi Guys, this morning I noticed (on the demo account) the GBP/USD stop loss changing from a minimum of 4 to 12 pts which makes scalping for a few pips at a time a waste of time and uneconomical. Is IG simply allowed to up the Stop allowed at any time to discourage you from trading or trading a particular point in time? Cheers.

Hi, IG use a variable spread system so spread will rise briefly during periods of high volatility before returning to normal, the same applies to the min stop distance. You can still close the position at any time before the min stop manually.

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5 hours ago, Goldengawd said:

scalping for a few pips at a time a waste of time and uneconomical.

 

I agree 100%, it is both of those things.

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1 hour ago, dmedin said:

 

I agree 100%, it is both of those things.

Scalpers are sitting at the chart while trading and will seldom let price hit their stop, they should be looking for price to just take off on the triggering of their set up and if it doesn't something is wrong and usually best just to get out.

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