gxcbv
-
Posts
2 -
Joined
-
Last visited
Content Type
Profiles
Forums
Blogs
Events
Community Tutorials
Store
Posts posted by gxcbv
-
-
On 17/06/2021 at 10:59, manafull said:
Hi RFSmithers,
Thanks for the tips... But when I searched for trusted "ECN" broker in Australia for CFD Index trading, IG Market is among the returned result!
So with what you suggested and what the search result I got, IG Market seems to be still the one to stick with for CFD Index trading.
Please note that, regarding the market trend is to be against your trade or not, from my experience so far, I think it is really up to you on when to enter the trade, for example:
- if you enter the trade at the time when the market is flat with no trend, then it is just like you jump into the calm water and then you make the big splash which could be against yourself
- if you enter the trade at the time when the market is on trending, where: if you enter against the trend, then you will be eaten alive from there - FULL STOP - Period; however if you enter on riding the trend, then you will be picking up the fruits along the way through...
So with the above, to summarise, it seems to me that (of course - correct me if wrong):
1) IG Market is still the trusted ECN broker in Australia for CFD Index trading
2) A trader needs to know when to enter the trade to ensure s/he to ride on the trend to pick fruits, but not to be eaten alive.
Cheers
Victor
What do you think?
Cheers.
No, IG has "in-house" market, on which they have concentrated all their advertisement and support. So, if you are trading the normal app/web platform, you are a victim of their profiteering.
However, they also nominally have a L2 Dealer, which is supposed to be direct market access. I have been trying to trade using their L2 Dealer for over 6 months, but haven't been successful. Why? Because their installation package is out of date and not working, their support team is clueless (directed by management of course), and there is literally zero visibility of that platform or the possibility of using it. Still, it satisfied the requirement for it to be listed as a direct market access platform!! And they lure customers in...
Trade against customer
in Indices and Macro Events
Posted
Pro trader has nothing to do with L2 Dealer. You can be pro trader but still can't use the L2 Dealer because IG has made it almost impossible. Imagine you have a software from 1990s and incompatible windows and other problems.
To answer question on spreads, the indices are different from the real index. They have larger spreads so if index in 7200-7201, IG can be 7190-7220 or anything they want at any time. The whole point of CFD is that the market maker can adjust the spread. Often times during volatility, you would see formidable large spreads so you cannot sell because you will take huge loss on spread.