IGindex discussion thread

[xiphias]

Sillybilly said:

limpsfield said:

xiphias said:

You have an open position, you click close - it says the price is no longer valid. Now I could understand if I were buying on the market as you need an opposite position etc, but it's spread betting - just based on the market value. If I can't close my position then IG essentially have my arm behind my back!

both your assumptions here are wrong. If the price is moving so fast that by the time you click the price has changed, then the price is gone.

I blame the confusion on the spread betting companies actually (at least so far as they're giving markets to people who don't know anything about them)

Well explain to me what I've got wrong then. I know am asking to close at a price - but I am doing this via a ticket so the price I am presented with for closing is the market value at that instant in time. If this price isn't valid, then surely any price they present me with isn't valid?

[Sillybilly]

xiphias said:

Sillybilly said:

limpsfield said:

xiphias said:

You have an open position, you click close - it says the price is no longer valid. Now I could understand if I were buying on the market as you need an opposite position etc, but it's spread betting - just based on the market value. If I can't close my position then IG essentially have my arm behind my back!

both your assumptions here are wrong. If the price is moving so fast that by the time you click the price has changed, then the price is gone.

I blame the confusion on the spread betting companies actually (at least so far as they're giving markets to people who don't know anything about them)

Well explain to me what I've got wrong then. I know am asking to close at a price - but I am doing this via a ticket so the price I am presented with for closing is the market value at that instant in time. If this price isn't valid, then surely any price they present me with isn't valid?

If a market is moving quickly then by the time your order has got to the exchange then the prices have almost certainly changed, partly because of wrs like me staring at a reuters/bloomie salivating about an economic figure or trading rumours/momentum or panicking. And then there are other wrs who have even automated being a wr faster than us wrs can react (and we're quick). Same thing with spread betting basically - the price has changed before your screen has had time to update it.

You wouldn't expect to get the same prices from a 1995 Argos catalogue, right? Same principle, just a lot quicker...

[xiphias]

Yes, that all makes sense. I thought spreadbetting worked on a virtual market though?

[shadowninja]

Sillybilly said:

xiphias said:

Sillybilly said:

limpsfield said:

xiphias said:

You have an open position, you click close - it says the price is no longer valid. Now I could understand if I were buying on the market as you need an opposite position etc, but it's spread betting - just based on the market value. If I can't close my position then IG essentially have my arm behind my back!

both your assumptions here are wrong. If the price is moving so fast that by the time you click the price has changed, then the price is gone.

I blame the confusion on the spread betting companies actually (at least so far as they're giving markets to people who don't know anything about them)

Well explain to me what I've got wrong then. I know am asking to close at a price - but I am doing this via a ticket so the price I am presented with for closing is the market value at that instant in time. If this price isn't valid, then surely any price they present me with isn't valid?

If a market is moving quickly then by the time your order has got to the exchange then the prices have almost certainly changed, partly because of wrs like me staring at a reuters/bloomie salivating about an economic figure or trading rumours/momentum or panicking. And then there are other wrs who have even automated being a wr faster than us wrs can react (and we're quick). Same thing with spread betting basically - the price has changed before your screen has had time to update it.

You wouldn't expect to get the same prices from a 1995 Argos catalogue, right? Same principle, just a lot quicker...

And the gold is worth more.

[Sillybilly]

xiphias said:

Yes, that all makes sense. I thought spreadbetting worked on a virtual market though?

It works on a virtual market but if the spread betting companies have a brain they'll reflect the real price.

If they didn't then s like me would arb the fk out of it. If spread betting market was considerably out of line with the futures.... well, I'll have both and wait for them to converge.

If they got very much out of line then the banks would get involved. Who have more money than the spread companies and would love to fk them up the arse. If the SB company tried to get more out of line to stop them out they'd be more than raped, they'd be up the and sodding deserve the .

Spread betting company arbs don't exist much (they do in binaries occasionally though (relevant to this thread)).

[Sillybilly]

shadowninja said:

Sillybilly said:

xiphias said:

Sillybilly said:

limpsfield said:

xiphias said:

You have an open position, you click close - it says the price is no longer valid. Now I could understand if I were buying on the market as you need an opposite position etc, but it's spread betting - just based on the market value. If I can't close my position then IG essentially have my arm behind my back!

both your assumptions here are wrong. If the price is moving so fast that by the time you click the price has changed, then the price is gone.

I blame the confusion on the spread betting companies actually (at least so far as they're giving markets to people who don't know anything about them)

Well explain to me what I've got wrong then. I know am asking to close at a price - but I am doing this via a ticket so the price I am presented with for closing is the market value at that instant in time. If this price isn't valid, then surely any price they present me with isn't valid?

If a market is moving quickly then by the time your order has got to the exchange then the prices have almost certainly changed, partly because of wrs like me staring at a reuters/bloomie salivating about an economic figure or trading rumours/momentum or panicking. And then there are other wrs who have even automated being a wr faster than us wrs can react (and we're quick). Same thing with spread betting basically - the price has changed before your screen has had time to update it.

You wouldn't expect to get the same prices from a 1995 Argos catalogue, right? Same principle, just a lot quicker...

And the gold is worth more.

Good song said:

So do you think I look cool with me hands down me stri--des
Loud dance music coming from my g-t-iiiii
Oh ba-byy with your clown pendent ba-byy
Elizabeth Duke Elizabeth Duke does chav gear

(headbanging break)

Jewellery from Argos
Gear from Burberry
Trackies tucked in my socks
Trackies tucked in my socks for me-eee

[shadowninja]

A certain Welsh rap band?

[ATM]

Took another long at 8:40pm. Went to the gym and came home to find 80 points profit.

[ATM]

ATM said:

g4ry13 said:

Who do you recommend ATM?

I am not recommending anyone. But what I can say is lately I have been using Cantor exclusively and I have NEVER had a price rejected or no longer available etc.

Have you tried these Gary?

[g4ry13]

ATM said:

ATM said:

g4ry13 said:

Who do you recommend ATM?

I am not recommending anyone. But what I can say is lately I have been using Cantor exclusively and I have NEVER had a price rejected or no longer available etc.

Have you tried these Gary?

Never, i've got Capital Spreads, IG, an FX broker and a few other accounts so have no "real" need.

[ATM]

g4ry13 said:

ATM said:

ATM said:

g4ry13 said:

Who do you recommend ATM?

I am not recommending anyone. But what I can say is lately I have been using Cantor exclusively and I have NEVER had a price rejected or no longer available etc.

Have you tried these Gary?

Never, i've got Capital Spreads, IG, an FX broker and a few other accounts so have no "real" need.

Do any of yours offer rolling stops?

[shadowninja]

ATM said:

g4ry13 said:

ATM said:

ATM said:

g4ry13 said:

Who do you recommend ATM?

I am not recommending anyone. But what I can say is lately I have been using Cantor exclusively and I have NEVER had a price rejected or no longer available etc.

Have you tried these Gary?

Never, i've got Capital Spreads, IG, an FX broker and a few other accounts so have no "real" need.

Do any of yours offer rolling stops?

IG does trailing stops.

[g4ry13]

ATM said:

Do any of yours offer rolling stops?

How do you mean? Do you mean Trailing stops or stops that roll overnight so you don't have to worry about gapping the market?

Edited by g4ry13 on Sunday 20th July 14:31

[ATM]

g4ry13 said:

ATM said:

Do any of yours offer rolling stops?

How do you mean? Do you mean Trailing stops or stops that roll overnight so you don't have to worry about gapping the market?

Edited by g4ry13 on Sunday 20th July 14:31

Sorry trailing like IG. I dont really like IG so prefer to look elsewhere.

[g4ry13]

ATM said:

g4ry13 said:

ATM said:

Do any of yours offer rolling stops?

How do you mean? Do you mean Trailing stops or stops that roll overnight so you don't have to worry about gapping the market?

Edited by g4ry13 on Sunday 20th July 14:31

Sorry trailing like IG. I dont really like IG so prefer to look elsewhere.

My forex broker does - but it's not a "true" trailing stop in the sense that if the price moves up 1 point so does your stop. Only one I know of i'm afraid is IG.

[xiphias]

Just upgraded to firefox 3 and now when I open charts they open in new tabs, not new windows. Anyone else had this and know how to fix it?

[ATM]

xiphias said:

Just upgraded to firefox 3 and now when I open charts they open in new tabs, not new windows. Anyone else had this and know how to fix it?

Why bother with Firefox?

[xiphias]

Because its the browser I use...

[shadowninja]

That's almost a bonus. I hate orphan windows all over the place. That's one thing I dislike about the likes of IG and Oanda. A window for each chart = loads of Windows to alt-tab through.

[xiphias]

I have two screens so space isn't an issue Strangely enough it opens in an orphan window when selecting from the prices window, but not from my watchlist.