RE: If there is no background selling today (offbook)3 Sep 2020 11:21
IG INDEX SPREAD BETTING
Don't use the cash daily bets as you'll get hit with overnight
interest charges and commissions.
Open future Forward bets only ideally the further away the
longer you have to hold before you have to close a blue or red position.
Currently to open a buy £100 x point Expiring Forward 16th March 2021
You need deposit margin £652.60 x £100 x point bet x 16th March 2021 [future]
Make sure that you have enough equity to allow for down price movements
so that you don't get margin calls. Also don't use stop losses as all spread betting
companies go after stop losses. If you wish to set a take profit order on your bets,
remember that ig index customer services can be called directly and ask them to raise
the take profit order on your open bet to a higher level as their systems will only allowed
so many points away from the current market prices. They can override their systems settings
from their end. So, if you're trying to input let's say: You have buy £100 x point March 21 future
Capita at 33p and you want to take profit at 55, you might get an error message when you try to
change later on at 60 as the system has a flaw. So, you'll need to call them up and ask them to
increase to 60 or higher to the maximum they'll able to do from their end. NOFEAR
want to set
a take profit a