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Greeners

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About Greeners

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  1. When I place a live deal on my IG demo account I have the choice of setting either a guaranteed stop, normal stop, or a trailing stop. When I place a GTD or GTC stop/limit order I am only able to set either a normal or guaranteed stop level, and not a trailing stop. Can someone explain why I cannot set a trailing stop on a stop/limit order Thanks
  2. Thanks @jamesIG I assume trade size is the price per point. I’ve done some calculations and the result is within the range of what I’ve been paying so think I’ve sussed it out. In addition if I go long on a position over the long term using the cash/spot price and it moves in my favour then the nightly interest I’m charged is also going to increase the more successful the trade becomes.
  3. @caseynotes Thanks for the response. I did think about using the demo account but as it's free it doesn't actually show any historical charges from which to figure out the cost differences. I decided to place a couple of live positions last night and interestingly the cost for one of the shares was minimal making a quarterly position and as you say the overall cost is largely dependent on a number of factors so its not really a black and white answer to my question.
  4. Hi I tend to trade as a position trader and currently have open several cash funded spread bet positions on numerous shares (usually for several weeks or longer). I have recently discovered that I can spread bet these positions as forward / quarterly funded positions and the IG academy suggests that this method is more cost effective than holding these longer term positions as Cash funded positions. I understand that the wider spread reflects the increased cost and the material I have found on IG suggests this reflects the overnight funding charges for the quarter. I can’t find anything that allows me to clearly see the difference in costs between holding a given long term position as a cash bet versus a quarterly bet and whether there is actually any benefit to be derived from doing so. Can anyone help or advise. Does holding a quarterly position result in lower overall funding charges compared to cash and is there a cut off point where holding the position as a cash bet results in lower overnight funding charges. I.e. If I open a quarterly position and then sell with a week would I of been better to open as cash funded position. I don’t find the charge information particularly clear Andy helpful in allowing me to work out the differences (if indeed there are any) Thanks Justin
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