Thanks for the reply, limpsfield. More simply put, as long as I don't use my entire account and place a stop loss (ie such that I am risking no more than 1-2% per trade), I shouldn't get a nasty bill if things go tits up?

the only thing you have to worry about is slippage - where a market gaps and you end up getting filled at a worse price than expected. This has never been a concern for me and in my own personal experience it is rare but if you wanted to absolutely nail down the risk you can use a guaranteed stop and pay a slightly wider stop.

http://www.igindex.co.uk/spread-betting/superior-r...

Interesting. I have a limited risk account with IG so only guaranteed stops are available. As you say one is oblidged to maintain a wider gap to the stop (which is actually a pain in the arse at times) but I was also suspicious that the bid/offer spreads were bigger so that each trade costs a bit more - anybody know ?

Cheers, DD

The Contrarian

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Thursday 2nd July 2009

dibbly

just email IG index. They're really helpful. I spoke to a really help bloke called David Million - very apt name!

dibbly_dobbler

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