Are you with IG Markets??

[simoncar]

I see that IG markets have a guaranteed stop loss (at a small cost) that can be set a minimum 5% away from the current price. Let say I buy a stock at $10.00 and set a GSLO at $9.50. I now know that I will not lose more than 5% on this trade. Lets say that I want to sell the stock if it drops to $9.75 because I deem this to be the point that I don't want to be in the trade. Can I set an " in market" order to sell at $9.75 (standard stop loss) as well as having a guaranteed stop loss order(worst case scenario) at $9.50? IE. can you have both going at the same time on the same stock?

Cheers Simon

[Smurf1976]

There are two types of account. Your account is set up as either guarnateed stop loss or standard account. So I don't think you would be able to use both at once.

That's how it used to work anyway. :2twocents

[Fab]

I just joined IG market their offer appears to be the best. Can anyone comment on it. I have limited understanding of CFDs so your comments will be welcomed :)

[Porper]

I just joined IG market their offer appears to be the best. Can anyone comment on it. I have limited understanding of CFDs so your comments will be welcomed :)

Fab, I am with IG Markets and they seem ok to me.

Interest is charged at 8%, done daily, if you short you get paid 2%.Big anomaly there.;)

The guaranteed stop loss is a must have I.m.o.

A word of warning though, interest does mount up and you need to be in stocks that are moving, not hanging around waiting for them to move.

Some people say they make good money.In almost a year using CFD'S I have only broken even, where as my normal trading account has done very well.Maybe not the norm, but I would have a sneaking suspicion that it is.

Potential to make big money is there, but a few losses in a row and it is hard to get back.Be careful.

[Fab]

Fab, I am with IG Markets and they seem ok to me.

Interest is charged at 8%, done daily, if you short you get paid 2%.Big anomaly there.;)

The guaranteed stop loss is a must have I.m.o.

A word of warning though, interest does mount up and you need to be in stocks that are moving, not hanging around waiting for them to move.

Some people say they make good money.In almost a year using CFD'S I have only broken even, where as my normal trading account has done very well.Maybe not the norm, but I would have a sneaking suspicion that it is.

Potential to make big money is there, but a few losses in a row and it is hard to get back.Be careful.

Porper,

Thanks for the advise.Why is the guaranteed stop loss mandatory as I understand they charge you for putting it even if it is not triggered and the normal stop loss would work well too

[x2rider]

hi Fab
The GSl can be a real saviour in the market . It can happen that a share will gap your stop loss on a really bad announcement and you are left scrambling to get out
point in fact
When AMP had it demerger in 2003 the share gapped down by 36% . If you had had an initial margin of 5% you would of lost 732% and that would wipe out most acc's :(
And then on the other side of the coin , If you are short and there is an announcement with a takover or something , then again you are screwed.
5% is a big gap sometimes in a cfd trade but better protection than nothing sometimes
Cheers martin

PS A good mate of mine Jeff Cartridge has just released a book on trading CFD's and there are lots of good trading plans in there as well . A lot of it is focused on protection :)

[YELNATS]

Porper,

Thanks for the advise.Why is the guaranteed stop loss mandatory as I understand they charge you for putting it even if it is not triggered and the normal stop loss would work well too

That's right. I have used IG Markets a lot over the past 6 months and on a percentage basis I am well behind, whereas for my normal trading/investing I am well in front.

I'm not blaming IG for this, but setting stop losses although a good idea, is often tricky. In most cases my losses are due to the early triggering of the stop losses, whereas a few days later the stock has more than recovered and I would have had a profitable trade. Very Frustrating. regards YN.

[YELNATS]

That's right. I have used IG Markets a lot over the past 6 months and on a percentage basis I am well behind, whereas for my normal trading/investing I am well in front.

I'm not blaming IG for this, but setting stop losses although a good idea, is often tricky. In most cases my losses are due to the early triggering of the stop losses, whereas a few days later the stock has more than recovered and I would have had a profitable trade. Very Frustrating. regards YN.

It seems that maybe a 5% stop loss is too tight and if you can afford it a 10 or 20% stop loss would be more practical.

[Fab]

Why go with IG Market and not CMC Market?

[MichaelD]

There are two types of account. Your account is set up as either guarnateed stop loss or standard account. So I don't think you would be able to use both at once.That's not correct. You can always set a stop loss with IG Markets manually. However, with a GSLO account, every trade MUST have a GSLO set at the time of entry. Non GSLO accounts do not have to have a GSLO in place at entry, but they certainly can be placed at entry if you want to.

i.e. yes, you can have both types of stop loss working a position at the same time.

[Sir Burr]

yes, you can have both types of stop loss working a position at the same time.
Hi Michael,

I've been comparing IG Markets and Macquarie CFD and I noticed that Macquarie CFD (http://www.macquariecfd.com.au/CFDMarketInfo/viewTradingStockInfo.do;jsessionid=FzbfPJJ5yDhH1l6 RxL5Mhk0NBHMJXnJJRZgx6kyH1w4Jlpn92jyr!-188747907?refresh=true) only allow GSL on certain stocks. Could you tell me please if you can place a GSL on all IG Markets CFD's, both long and short?

Would you have a link to IG Markets list of stocks too?

Thanks SB

[Kauri]

Hi Michael,

I've been comparing IG Markets and Macquarie CFD and I noticed that Macquarie CFD (http://www.macquariecfd.com.au/CFDMarketInfo/viewTradingStockInfo.do;jsessionid=FzbfPJJ5yDhH1l6 RxL5Mhk0NBHMJXnJJRZgx6kyH1w4Jlpn92jyr!-188747907?refresh=true) only allow GSL on certain stocks. Could you tell me please if you can place a GSL on all IG Markets CFD's, both long and short?

Would you have a link to IG Markets list of stocks too?

Thanks SB


SB
This link should take you to IG pages detailing shares available etc worldwide. Aussie shares start on page 72. Includes margin rate... Limited risk premium if available (GSL rate).. and if shortable.
The GSL must be a min of 5% from market price at time of setting, and can be adjusted free of further charges. ( Some providers charge each time it is moved).

http://www.marketdatasystems.com/content/files/share_lists.pdf#page=72

[Sir Burr]

SB
This link should take you to IG pages detailing shares available etc]
Thanks Kauri! :)

[pchivers]

Something that has always confused me because noone else seems to have picked up on it is this:

If you are required to place a GSL a *minimum* 5% away from the current price, and you had an initial margin of 5% (say), doesn't this mean that you would have lost a *minimum* of 100% of that position?

And you have to *pay* for this privilege?!?
And this type of GSL is regarded as a plus?!?

I think I can see why CFD providers like GSLs.

Yikes

[Sir Burr]

Something that has always confused me because noone else seems to have picked up on it is this:

If you are required to place a GSL a *minimum* 5% away from the current price, and you had an initial margin of 5% (say), doesn't this mean that you would have lost a *minimum* of 100% of that position?

And you have to *pay* for this privilege?!?
And this type of GSL is regarded as a plus?!?

I think I can see why CFD providers like GSLs.

Yikes

Hi pchivers,

Good point! :) Personally I can't understand why the 5% to 35% margin rate is seen as the total trade value.

Arn't you placing a 100% trade (not 5% to 35%), am I missing something?

SB

[MichaelD]

If you are required to place a GSL a *minimum* 5% away from the current price, and you had an initial margin of 5% (say), doesn't this mean that you would have lost a *minimum* of 100% of that position?
Only if you use the total amount of the margin available to you (which is a great way to rapidly destroy your capital).

i.e. You have $20,000, so you use this to buy $400,000 of BHP with CFDs at 5% margin.

[brendan87]

Hi everyone.
I've been looking at opening an account with IG markets because like some others here, felt that they offered the best value. And from my experience - also pretty good service (well, compared to Commsec anyway) with really quick response to emails and follow ups. When I spoke to them today - I actually asked them about the 5% minimum GSL and whether you could put in a closer non-garunteed stop loss and he said no. Reason being that there is the probability that you will get stopped out at your closer non-garunteed stop and then again at your GSL (hence giving you a short position). He said if I wanted closer stops I'd have to get a Standard Account and risk not putting on a GSL. Hope this information is useful.

[>Apocalypto<]

I am using Ig Markets at the moment.

I am very happy with them and their interface is simple and it does not freeze or crash. (not yet anyway!) but i have given up using there tick charts.

I did open a account with CMC but i was not impressed with them at all there so called wonder system market maker is slow and it takes so long to open!

Also there prices where way off the market price, I had a position open on PPT and there price was 20 cents off what sanford had I was very unhappy.

They maybe better in some minds but I do not think that. Also they offer 10$ in & out for trdes under 10 000 aus but if you work it out they are charging u more to trade under 10 000 not impressed with their cheapest brokerage call!

What would cost me 6 dollers at IG costs 10 at CMC, but to their defence 3% vs 5% does help.

And cmc charge 30 per month for asx data but ig charge nothing!

Untill i find a better service or see the asx ETO cfd's, I am happy to stay at IG

I am looking at PacificTrader now as another option.

[exgeo]

Like several of the other posters in this thread, I've had a stab at CFDs and also spread betting (which looks and feels basically the same from a user point of view). Like the other posters, I've made money on my conventional stock trading account (12x my money over a 7 year period) but rapidly went backwards with CFDs. The difference I guess is that using CFDs with a stop-loss in place means that you not only have to be correct at the point of entering and exiting the trade (a la normal share-trading), you have to be correct AT EVERY MOMENT ALONG THE WAY TOO! If your stop-loos is touched even for one millisecond, you're wiped out for that trade. Very annoying when you watch the tick-by-tick chart immediately spring back up above your stop-loss price, once your stop-loss has already been triggered. I'm sure others here could identify with this. I lost 40k in 12 months on CFDs, but luckily for me made a lot more on conventional trading, so at least I could use the capital losses for a positive purpose. Perhaps I could turn that around and say I went to CFD school, learned that there's no way to make money from them, and the school-fees were 40k. I think you'd be better off buying the IG Markets stock than opening an account- you're more likely to get rich that way!

[>Apocalypto<]

For any one with or thinking of joining IG markets.

IG markets have now brought in a new condition in regards to the ASX data feed to keep your feed free of charge you need to place four trades per month over ASX stocks.

If you dont make the four trades there is a fee of 37 dollars.

They dont have a minimum parcel size (contract size).

So you can go long or short over four companies with a contract size of 1 share per contract.

Even if you lose it adds up much less to $37.

[It's Snake Pliskin]

Like several of the other posters in this thread, I've had a stab at CFDs and also spread betting (which looks and feels basically the same from a user point of view). Like the other posters, I've made money on my conventional stock trading account (12x my money over a 7 year period) but rapidly went backwards with CFDs. The difference I guess is that using CFDs with a stop-loss in place means that you not only have to be correct at the point of entering and exiting the trade (a la normal share-trading), you have to be correct AT EVERY MOMENT ALONG THE WAY TOO! If your stop-loos is touched even for one millisecond, you're wiped out for that trade. Very annoying when you watch the tick-by-tick chart immediately spring back up above your stop-loss price, once your stop-loss has already been triggered. I'm sure others here could identify with this. I lost 40k in 12 months on CFDs, but luckily for me made a lot more on conventional trading, so at least I could use the capital losses for a positive purpose. Perhaps I could turn that around and say I went to CFD school, learned that there's no way to make money from them, and the school-fees were 40k. I think you'd be better off buying the IG Markets stock than opening an account- you're more likely to get rich that way!

I disagree.

Share trading carries higher brokerage than CFD trading.
Setting stops in normal trading has the same problems you mentioned.
Money management would ensure you don't lose lots.
CFD accounts are not just for gambling or looking for quick profits.
You can leverage your trading but still be light in your positions to make smaller returns with near nil losses - risk to reward. Still can be profitable.

It sounds like you risked too much on your trades and had difficulty setting stops efficiently.

[Kauri]

Just in case anyone wants to find out about I.G CFD's...

FREE Seminar: Introduction to CFDs
==================================
We are pleased to announce a round of 'Introduction to CFDs' seminars, held in conjunction with Australian Stock Report (ASR), Australia's leading independent CFD report provider.

The first half of the seminar, presented by IG Markets, will provide an introduction to CFD trading:

- What is a CFD?
- The benefits of trading CFDs
- Features of IG Markets CFDs

An IG Markets dealer will also be on hand to answer any CFD trading related questions you may have.

In addition, ASR's Chief Investment Strategist, Carl Capolingua, will be presenting a 45 minute seminar entitled "Powerful Strategies for Powerful Profits". Carl will introduce you to ASR's overall Trading Strategy, which includes:

- ASR's global market view - What does the recent correction in global equities mean for the Australian Share Market?
- ASR's strategy for how you can select more profitable trades
- ASR's CFD Trader's Report

Places are limited, registration is essential.

Sydney: 10.30am, Sat 10 March. Wesley Conference Centre, 220 Pitt St, CBD.
Melbourne: 7pm, Wed 14 March. Marriott Hotel, cnr of Exhibition and Lonsdale St, CBD.
Canberra: 10.30am, Sat 17 March. Rex Hotel, Northbourne Ave, Canberra.
Adelaide: 10.30am, Sat 24 March. Mercure Grosvenor Hotel, 125 North Tce, CBD.
Perth: 10.30am, Sun 25 March. Mercure Hotel, 10 Irwin St, CBD.
Brisbane: 10.30am, Sat 31 March. Sofitel Hotel, 249 Turbot St, CBD.
Gold Coast: 10.30am, Sun 1 April. Crowne Plaza, 2807 Gold Coast Highway, Surfers Paradise.


To register for a seminar please visit: http://www.australianstockreport.com.au/dsp_seminar_list.cfm?r=IGMarkets


IG Markets Ltd, Level 7, 417 St Kilda Road, Melbourne VIC 3004 - www.igmarkets.com.au (http://www.igmarkets.com.au)

[Dr Doom]

"From March onwards, therefore, we will start charging these fees to your account for each calendar month in which you trade ASX shares less than four times (opening and closing trades both count towards this total)."

I read this as only 2 trades, equals 4 transactions??

PS Much better improved charts also :D

[patto]

A quick question for IG Markets Account holders:


What interest rate do you received on your free balance held in your account with IG Markets?

[Kauri]

A quick question for IG Markets Account holders:


What interest rate do you received on your free balance held in your account with IG Markets?
.... 0%

[MichaelD]

.... 0%In fact, effectively less than 0% since interest is also charged on OUR money in a long position.

[patto]

Urg... 0% Thats a bit rough. That is a pretty big incentive to keep your account balance low and on the edge of a margin call.

Other providers such as Macquarie give (6.25%) give much higher rates. But I suppose they bite you in other ways....

[Tekmann]

Just in case anyone wants to find out about I.G CFD's...

FREE Seminar: Introduction to CFDs

From what I heard from within, this seminar is really more about subscribing to ASR's report (Like Rivkin report) and not much of how to trade using cfd's as a vehicle.

I'm big on learning how to trade/invest, rather than trusting stranger to trade/invest for me, and get their commision win or lose.

After all "It's your money Ralph" (old CBA ad)

I am more attached to my money than anyone else will ever be.

Also I see opportunities for companies to use the masses that follow their reports to their advantage....(not saying that asr are doing this.)

[Tekmann]

I disagree.

Share trading carries higher brokerage than CFD trading.
Setting stops in normal trading has the same problems you mentioned.
Money management would ensure you don't lose lots.
CFD accounts are not just for gambling or looking for quick profits.
You can leverage your trading but still be light in your positions to make smaller returns with near nil losses - risk to reward. Still can be profitable.

It sounds like you risked too much on your trades and had difficulty setting stops efficiently.

I afraid I'm gonna have to totally agree with you. :D

[bobkat]

Hi Bobkat Here.
I'm Not With IG Markets,
But I Have A Friend Who Is.
He Is Kind Of OK With Them.
I Have Just Joined City Index,
Which I Learned About Of The 21st Century Forum.
They Are Great.
$10 A Leg, Live Platform, Free Data - Even The ASX :cool:
They Are Hybrid Brokers - Cross Between DMA & MM.
Tight Spreads, Between 1c - 3c or So.
Not 5 - 30c Like Some Platforms I've Seen.
They Also Have A Free Trading Academy - 8 Weeks Free Brokerage
On ASX Trades While Doing The Course :)
Service Is Great.
They Were Known As Green CFD, But Were Bought By City Index.
City index Is The 3rd Largest CFD Provider In The UK, So I Think They Know What There Doing.
Check Them Out At,
www.cityindex.com.au

Happy Investing
Bobkat :cool:

[wahoo]

I've been with IG for only a week now - but I regularly find my browser crashing when the dealing interface begins showing the live data - I clean out all my cookies b4 each session, got the latest java etc.

Normally, I never experience any program crashes - IG is the only thing that causes me any grief.

Is there anyone who can offer any tips......its a great interface - its just I'm only getting it operating about 50% of the time!

[Porper]

"From March onwards, therefore, we will start charging these fees to your account for each calendar month in which you trade ASX shares less than four times (opening and closing trades both count towards this total)."

I read this as only 2 trades, equals 4 transactions??

PS Much better improved charts also :D

Thanks for the improved charts tip.Just had a look, and they are good, even do fib retracements which Incredible charts don't do.Also looks like we can have tick by tick or 1 min charts, all free.

I'll now go and dump Incredible charts which I pay for.:)

By the way on the charging front, I rang them and complained because I tend to trade larger sizes and maybe don't trade 4 times in one month, they had no problem with that and as long as 1 trade in both directions is carried out, no charge.

[>Apocalypto<]

I've been with IG for only a week now - but I regularly find my browser crashing when the dealing interface begins showing the live data - I clean out all my cookies b4 each session, got the latest java etc.

Normally, I never experience any program crashes - IG is the only thing that causes me any grief.

Is there anyone who can offer any tips......its a great interface - its just I'm only getting it operating about 50&#37; of the time!

Wahoo,

Are you using Mozilla or internet explorer?

I have noticed mozilla does not handle their platform that well.

I always use Internet Explorer.

[MichaelD]

I've been with IG for only a week now - but I regularly find my browser crashing when the dealing interface begins showing the live dataI have no problems with IG Markets whilst using Internet Explorer 6 or 7, but do recall having many glitches when I tried to use Netscape 7.2 or above with them.

[coyotte]

I've been with IG for only a week now - but I regularly find my browser crashing when the dealing interface begins showing the live data - I clean out all my cookies b4 each session, got the latest java etc.

Normally, I never experience any program crashes - IG is the only thing that causes me any grief.

Is there anyone who can offer any tips......its a great interface - its just I'm only getting it operating about 50% of the time!


Used to have the same problem with IE7 and FireFox ,

Rang IG and their IT guy advised not to use either .

Now run DeepNet with XP on a Pent4 system and IE6 with Me on a Pent3 system --- both work fine .


Cannot understand what the hassle is with margins .
I simply ensure that for every $1000 of position ,I have $333 on deposit with IG to cover it -- that way I'm getting a 2 to 1 leverage , with no great concern about a margin call.

CFDs are designed for Short Term Trading --- interest would only be a problem if you where using them for Long Positions in a Medium to Long Term Situation , then you would probably be better off with a Broker and a margin loan .

Cheers

[Tekmann]

Used to have the same problem with IE7 and FireFox ,

Rang IG and their IT guy advised not to use either .

Now run DeepNet with XP

Coyotte,

Spoke to IT guy (mick) yesterday, where he confirmed IE7 shouldn't be a problem, and besides it's here to stay....as far as MS geos.

What Is Deepnet and what benifit has it to trading C. ...???

EDIT: OK so googled for it and seems like [another] browser....for if it not IE it's not for ME. ;)

Tekmann

[wahoo]

Hey Md, Ti and coyotte

I probably should have mentioned I'm on a mac.........

Anyway - managed 2 get it up and running pretty stable now - much like you're saying coyotte - it seems 2 like the old school stuff better - the latest version of java (and caching turned on) was the source of the drama - running old version of java and all's fine

cheers

[pacer]

If I was reading a large amount of cfd's per month I'd find the lowest interest rate and cost provider for going long, and use another with high interest rates and low cost to go short.

The australian investor is daylight robery.....do your own analysis and you'll do better.

[Gar]

I've just started using IG for cfds and I've got something thats starting to really piss me off, I was trying to buy rio @ 85.30 with a guaranteed stop but it will not let me into the trade no matter where I place the stop it just keeps saying that the stop needs to be a minimum 5% distance from entry.

Is this just a glitch or am I doing something wrong?

[Gar]

ooops I got it, its stop DISTANCE not stop LEVEL ;) :D

[monkey187]

yeh when i first heard about guaranteed stops i got so excited. I thought why cant I just open 2 positions, 1 short and 1 long just before the market closes. Put a guaranteed stop at 1 point above and 1 point below both positions. It would cost 1&#37; to open the position (including comm and the stop) and if the security moved over 1% over nite, you would make that profit. In volitile markets this looked very attractive. Unles alas my bubble was burst with the 5% distance limit.... Which I mite add I had to call IG Markets to discover because I couldnt find it anywhere else.

[>Apocalypto<]

Fellow IG account holders,

I noticed this morning IG have a new platform called pure deal.

Thought I would start a thread to see what you guys make of it any bugs the charts, really anything to do with it.

I have not done much on it yet but it looks good I hope it's much more stable then the old one as that was becoming a pain with the freezes.

One thing in IG Markets defense I will say, is that they are always updating adding and trying to improve the service they offer.


Cheers
TI

[Gar]

Hmmmn I noticed this the other day, I might go check it out

*edit* aaaaannnnd it doesnt seem to be loading for me atm :rolleyes: , I'll try later

[Tekmann]

Some advantages over the old system...

1. Balance & Margin Displayed (maybe disadvantage to some)
2. Windows are resizable and relocatable by dragging n dropping
3. Margin requirement calc & displayed as you fillout order.
4. Watchlist sortable by ascending decending order
5. Tabs on top to quick open close windows
6. Watchlist/market/More dropdown list "Get Info" gives useful market requirements

Some disadvantages

1. Deal windows not resizable, hence taking up a lot of screen space.
2. Advanced Charting not changed at all, identical.
3. Overcast Grey look n feel not changable (LOL)

Overall, better... but still will be opening IB account soon for various reasons.

[>Apocalypto<]

I have been looking at Pure trade most the day and I must say I give it the thumbs up for sure, one thing it is still a little slow but that might just be my adsl connection.

I say well done IG.


I am still looking GFT though, for FX as I have head great things about them.

[tayser]

From the responses in this thread it sounds like it's a White label job? Specifically it sounds like the SaxoBank platform that PacificTrader use... or?

Can someone screen shot it for me?

cheers.

Trade_IT: you come across this mob yet? www.efxgroup.com

[>Apocalypto<]

From the responses in this thread it sounds like it's a White label job? Specifically it sounds like the SaxoBank platform that PacificTrader use... or?

Can someone screen shot it for me?

cheers.

Trade_IT: you come across this mob yet? www.efxgroup.com

Hey Tayser,

I have not seen efx before, had a good look at their site. 5$ per 100,000 lot is good but I think u still need to pay the spread which is 3 pips so it is it actually a better deal they still have a spread? :confused:

I am going to open a Global Forex Trading account with CFD's, best platform and charts I have seen yet spreads area little wider on AUD EURO compared to IG but two extra pips, I can live with that for the service.

How are u going with the rainbow? I saw your post on it last sat and spent 4 hours reading the whole link FXfactory and other info. I see u use retracements once its out side the furthest MA 240ma. I looked at charts for a while I think that is the best method. But i would love to see Linuxtoll in action.

Have u had many good trades with it? I notice how much stress they put on the time period to us it and the Mantra!

For now I think I will stick with 4 hour to daily charts.


Cheers

[tayser]

I regularly see 0 spreads on AUD/USD GBP/JPY EUR/JPY AUD/JPY EUR/USD GBP/USD and USD/CAD through the EFX demo (I'm still demo'ing - going live in a month or so) - especially around the European and American openings and sometimes in between... GBP/JPY is regularly around 2-3pips (compared to the likes of 7 or 8 on other market makers) at other times too.

Rainbow is what I'm exclusively focusing on at the moment, the trading time suits (Euro open - i.e 6pm after I get home from work), I'm more comfortable with getting in and out of trades really quick and like the troll-man suggests, it's much easier to be disciplined when you're not glued to a screen for 8 hours!

Retracements is the easiest - yeah - but I only trade them in the direction of the 30sec or 1 min trend. The thing I'm finding difficult at the moment is detecting when the market's start ranging so - I've still got a bit to go before I'm happy to go live.

It's easier to do the aggressive entries on GBP/JPY with EFX than Oanda or some such too - you can watch the chart in Oanda and keep an eye on the spreads in EFX and can sneak an extra 2 or 3 pips in if you train yourself.

[Fab]

I regularly see 0 spreads on AUD/USD GBP/JPY EUR/JPY AUD/JPY EUR/USD GBP/USD and USD/CAD through the EFX demo (I'm still demo'ing - going live in a month or so) - especially around the European and American openings and sometimes in between... GBP/JPY is regularly around 2-3pips (compared to the likes of 7 or 8 on other market makers) at other times too.

Rainbow is what I'm exclusively focusing on at the moment, the trading time suits (Euro open - i.e 6pm after I get home from work), I'm more comfortable with getting in and out of trades really quick and like the troll-man suggests, it's much easier to be disciplined when you're not glued to a screen for 8 hours!

Retracements is the easiest - yeah - but I only trade them in the direction of the 30sec or 1 min trend. The thing I'm finding difficult at the moment is detecting when the market's start ranging so - I've still got a bit to go before I'm happy to go live.

It's easier to do the aggressive entries on GBP/JPY with EFX than Oanda or some such too - you can watch the chart in Oanda and keep an eye on the spreads in EFX and can sneak an extra 2 or 3 pips in if you train yourself.

I don't trade cfds but trade Minis from ABN Amro. I am wondering why people don’t do like me. Am I missing something there?

ABN charge 300 pts on a long and give you 300 pts on a put. Also there is an automatic stop loss about 5&#37; that is change on a daily base. The mini follows the underlying share price cent by cent.

55 stocks are available on minis.

Why should I trade cfds when I have access to minis?

[macca]

Hi Trade it,

<I am still looking GFT though, for FX as I have head great things about them.>

I hope you have a better experience than me :(

I found the Metatrader software much better for charting and indicators.

I found the phone staff very rude at GFT, I never got around to opening an account because when using the demo they used to harass me with calls and disregard any problems or questions.

I was disappointed with them.

[skating101]

Hi, im reasonably new to all this, ive been trading CFDs on IG Markets for about 6 months now, im just wondering what happens to my CFDs if a company consolidates or demergers into 2 separate entities on the ASX. Will I still get the benefits of ordinary shareholders?

[>Apocalypto<]

Hi, im reasonably new to all this, ive been trading CFDs on IG Markets for about 6 months now, im just wondering what happens to my CFDs if a company consolidates or demergers into 2 separate entities on the ASX. Will I still get the benefits of ordinary shareholders?

Best thing to do is call and ask them.

Good trading

[Tekmann]

Another BUG with IG new platfrom (frontend puredeal application) this morning..

Treid to close open position when deal box just hung blank, and shutdown session, with one of their standard "Security Warning" messages.. uhhhh

Luckily didn't loose on that trade... and may have to go back to old system and old bugs... :rolleyes:

Tekmann

[Ashpool]

I use it, I like it. It has some nifty features. Occasionally a few bugs but they seem to be slowly upgrading it.