BeginnerJoe
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Can someone explain why more winners on indices, more predictable ?
Can someone explain why more winners on indices, more predictable ?
Coupled with what this guy from CS says I would think (this is a completely personal theory) that the FX is much more difficult to win at not only because you are fighting against big players (and probably your broker) like in other markets but you are also playing against Central Banks which at any given time can blow you up just because somebody somewhere took a political decision to devaluate their currency.
The best example of this was the day in 2011 when a lot of people was short in EUR against CHF and the Swiss Central bank annonced the peg. That probably was the end for more than one retail trader.
Although I think every single product in the market is highly manipulated these days in one form or another, FX is probably the worst of all. Not a surprise to hear than more people wins in Indices than FXs.
tar
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Infact a big portion of IG's revenue comes from Indices trading , just check their financial reports ....
Atilla
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tar
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My apologies apparently i was wrong
, here is an answer from a CME member : "Yes, actually comes from SPU which is the symbol for the September contract. So SPU’s."wackypete2
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Billy Gates
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Don't you know there is a recession on. They now need you to lose your money much faster.
N
neil324
No one with fat fingers work on the indices dealing desk.
N
neil324
And spelling.
capitalspreads
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benj1981
Amen to that.. the choice and costs of spread betting/cfds/dma etc etc ... mean that in the words of MacMillan "you've never had it so good"... mind you, he lost the next election !
Amen to that.. the choice and costs of spread betting/cfds/dma etc etc ... mean that in the words of MacMillan "you've never had it so good"... mind you, he lost the next election !
It is always difficult to tell what minimum bet size is sometimes as the various Spread Bet companies operate on different basis point per stake size. IG use the full point for the S&P whereas Capital Spreads uses the decimal point. So a £20 bet with IG is the same as a £2 bet with CS. Same with Nasdaq and Gold.
IOW, IG does not want the very small fry. Finspreads uses a full point size and a minimum bet of 50p.
With inflation the way it is, I wonder how long that size will last.
kinglatfan
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You can play Wall St for one euro with a spread of 2.2 points.
If IG receive 10X 1 euro bets they can turn this into one full contract for which the spread becomes 1.8 bet leaving them an additional 0.4 to the better.
If IG receive 10X 1 euro bets they can turn this into one full contract for which the spread becomes 1.8 bet leaving them an additional 0.4 to the better.
Vasco da Banana
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Every little helps.
Here is the link to their PDF of new minimum Deal Sizes if anyone is interested.
http://www.igindex.co.uk/content/dam/publicsites/igi/files/other/130100_IGI_UK_NEW_Deal_Sizes.pdf
They are definitely on a mission, as well as this, they have recently upped the minimum trades per month to 4, otherwise you have to pay £30 a month to use the charts. They have also changed the minimum top up account amount to £25 (or somewhere around there.)
Some people reading this may think this will only affect the wish full thinkers with accounts in the £100's.
But look at this. - The last trade I had with IG the other day was a stop of 64 pips, which at 1% risk would now mean I require an account size of £6,400 instead of £3,200.
If I were to take the same set up in Brent C. (now at £2 a pip) I would need an account size of £71,400 instead of £35,700. And this is just to keep a stop each side of a 1 day trading range.
http://www.igindex.co.uk/content/dam/publicsites/igi/files/other/130100_IGI_UK_NEW_Deal_Sizes.pdf
They are definitely on a mission, as well as this, they have recently upped the minimum trades per month to 4, otherwise you have to pay £30 a month to use the charts. They have also changed the minimum top up account amount to £25 (or somewhere around there.)
Some people reading this may think this will only affect the wish full thinkers with accounts in the £100's.
But look at this. - The last trade I had with IG the other day was a stop of 64 pips, which at 1% risk would now mean I require an account size of £6,400 instead of £3,200.
If I were to take the same set up in Brent C. (now at £2 a pip) I would need an account size of £71,400 instead of £35,700. And this is just to keep a stop each side of a 1 day trading range.
@Jason101 - well, for those of us who don't like their minimum bet size changes, at least it's not quite the end of the world, insofar as there are a few other respectable s/b firms with no plans on changing their comparatively smaller minimum bet sizes, who should be delighted with the new custom heading their way.
@Jason101 - well, for those of us who don't like their minimum bet size changes, at least it's not quite the end of the world, insofar as there are a few other respectable s/b firms with no plans on changing their comparatively smaller minimum bet sizes, who should be delighted with the new custom heading their way.
Hi Peakoil,
Thanks for the post. Can you name the other respectable s/b firms please.
Thanks,.
Agree with this.
My opinion is that they are trying to make it more "lotto" than trading. When people used to start out in 'trading' they'd have to buy so many shares. I dont know numbers but I'm guessing most people bought a couple thousand pounds worth of Barclays or something like that. By upping these min sizes. You now have to start off by buying 20,000 quids worth of whatever. Makes one far more price sensitive and far more likely to just get burnt. But they know this and that's probably why they have done it.
I'm wondering why the IG rep that follows this forum hasnt posted anything?
new_trader
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My thoughts exactly, in fact, it was the first thing I thought of when I got the notice from IG Index. Well done Split
...Dumbasses and their conspiracy theories
