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Are you with IG Markets??

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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.
 
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
 
"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
 
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?
 
patto said:
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?
Click to expand...
.... 0%
 
Kauri said:
.... 0%
Click to expand...
In fact, effectively less than 0% since interest is also charged on OUR money in a long position.
 
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....
 
Kauri said:
Just in case anyone wants to find out about I.G CFD's...

FREE Seminar: Introduction to CFDs
Click to expand...

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.)
 

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

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.
 

Wahoo,

Are you using Mozilla or internet explorer?

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

I always use Internet Explorer.
 
wahoo said:
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
Click to expand...
I 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.
 


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
 
coyotte said:
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
Click to expand...

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.

SevenFX
 
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
 
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.
 
Quick IG Markets question

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?
 
Re: Quick IG Markets question

ooops I got it, its stop DISTANCE not stop LEVEL
 
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