I'm new to CFD's and was wondering if someone could help me with this. Say I wanted to go long on BHP, and say that it closed today at $30.00. I want to place a buy order at $30.02 before the market opens tomorrow.
My question is how likely is this order getting executed? Do I have to bid substantially higher to get my order through? Assuming that the price goes up when the market opens, I may never get the chance to buy it tomorrow at the price I want. Am I correct?