[How does stop orders work in spread betting?]

8 hours ago, ArvinIG said:

Hi @LambdaVelorum,

A stop-loss order, or stop, is an instruction to close your position automatically when the underlying market reaches a set price that is less favourable than the current price.

Your stop can be triggered at another price than the one selected due to slippage.

You can find more information here:
https://www.ig.com/uk/trading-strategies/what-is-a-stop-loss-order--42278-180220#:~:text=A stop-loss order%2C or,a useful risk-management tool.

All the best - Arvin 

Hi, Thanks for your answer.

What I don't understand is this:

For example, Let's say the day before the last candle (daily candles), I placed a sell order in the instrument shown in the picture.

At which level would the stop level be triggered in this case?

Represented with the red line, we can see that depending on how the price is displayed, (Ask, Mid, Buy), the stop would have been triggered or not.

 

Thanks, John.

[How does stop orders work in spread betting?]

For example, 

Price of ABC stock is 10.

Spread bet longs let’s say are 10.5 and shorts 9.5

If I want to put a stop loss at 7.5 level (real price of the stock ) , do I just set the stop at 7.5, or is there any type of spread as well to close spread bets? (As in, the order might be triggered at a higher price than desired )

Thanks,

 

John.