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Setup an IG account. If you were short then could have locked in...

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Owenb79

3,232 Posts.

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12/11/18

10:41

Post #: 36468171
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Originally posted by Nick78: ↑

Correct, I think thats because IG's day change when SPI opens in the noon while CMC changes it when it opens in the morning. When I talked to CMC last time they said that they are tracking index and thats why when SPI is closed they are closed as well. I learnt this when I started trading in CFD earlierr in the year when there was long holiday and CMC was closed as SPI was closed but IG traded 100 points low and I was in short position but could not book profit.

When SPI opened after the long holiday it did not drop 100 points but was only like 10-15 points (ig recovered by then). That's when I called them and that is what I was told that they track SPI.........

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Setup an IG account. If you were short then could have locked in profit by going long on IG. Even if you dont fund it putting in some money via credit card is quick and easy. The only problem is the market could have gone down 100 points and you could have cleaned up but will have to lock in a loss on the accounts thats ticking.

XJO Value at posting: 5,903.1
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