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larrytradingltd

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Everything posted by larrytradingltd

  1. Sorry I think you're missing what I'm saying. IG isn't purchasing the actual stocks from an exchange, it's purchasing the data and then you are putting money on whether that price goes up or down. Therefore they do not need to find anyone to swap contracts with and the deals that go on with all cfd and spreadbetting accounts dont have any effect on price action as they dont effect liquidity at all. I'm not calling into question how IG operates, I dont have a problem with that at all, just trying to clear up the nature of spreadbetting. Although it is a little frustrating not being able to trade the main gainers of a day but I guess it is understandable from their point of view.
  2. Also I don't suppose you know what the s&p500 is tracking after hours? Was expecting it to be closed till Monday
  3. I suspect it's for this reason that you can never trade any of the main gainers in the US market, there's always the error "Market only available to close" Which is IG protecting themselves against big losses from big volatile moves.
  4. I just mean that you are not actually buying and selling to another physical person, you are taking a 'bet' against whether the market goes up or down. So if everyone was correct on their positions then IG would lose money because when people get it wrong they make money, when people get it right they lose, right? Taking the position much more like a traditional bookies in that sense. Correct me if I'm wrong but it's that distinction that means it's a bit daft that you can't trade stocks because the shares are unborrowable, because IG doesn't own the shares to begin with. It tracks the market and you bet on it going up or down?
  5. Sorry I might be wrong but I thought cfd and spreadbetting were two separate things? Speadbetting being simply betting on the price of something that IG pulls the direct data from. Hence the reason there's no need for level 2, you dont have to worry about ever not getting filled or sold and there's no need for stop limit orders?
  6. But that's the point, I'm not actually borrowing the stock with spreadbetting, I'm literally making a bet about whether the price goes up or down. That's why there's no level 2 and you dont have to worry about getting filled etc
  7. Can you not short a stock with a spreadbetting account due to "unborrowable stock"?! Or am I going mad?
  8. It's pretty bad, from what I've worked out it's basically all the top gainers, ie all the stocks you would want to trade and I think it's because IG act slightly differently in that any gain from traders comes out of their pockets so they're trying to protect themselves against any large gains you might have from volatile stocks.
  9. And any of the other stocks I want to trade?!
  10. Any idea why this stock and others are closing only and not available to trade? On a spreadbetting account
  11. Hi guys, am I right in thinking that because of the nature of spreadbetting you will always be filled and don't have to put up with any slippage ever? 100% guaranteed stops and entries no matter how liquid the market?
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