Change trade size to £1 per point with IG using PRT??

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  • 05/17/2017 at 4:09 PM #35859 quote
    Trader_1981
    Participant
    New

    Hi I’m really sorry for this basic question, however I cannot seem to find the answer anywhere.

    I have an account with IG and use PRT, I am looking to change my trade size to £1 per point.

    Would somebody please explain how I can do this please?

    Thanks in advance!

    05/17/2017 at 4:23 PM #35864 quote
    StantonR
    Participant
    Senior

    Are you talking about doing it in Automated trading or manual trading.

    05/17/2017 at 5:32 PM #35875 quote
    Trader_1981
    Participant
    New

    Thanks for the reply StantonR!

    Either way would be great, I was originally trading on the FTSE min £2 trades, however as I am a beginner trader a friend told me it is possible to only use £1 per point rather than the £2 min I was using.

     

    I have come come out of the £2min FTSE and am now on the the normal FTSE cash index however I cannot find anyway of changing my trade amount. I went to place a trade yesterday and it informed me I needed to place another £300 into my account, I didn’t understand this.

    Ideally whilst I am learning I just want to trade £1 per point, so if I set a stop loss of 10 pts the max I can lose is £10 and like wise if I have a take profit of 20 pts I would stand to win £20.

    Thanks again!

    05/17/2017 at 5:33 PM #35877 quote
    Trader_1981
    Participant
    New

    @StantonR

    05/17/2017 at 5:53 PM #35882 quote
    StantonR
    Participant
    Senior

    The minimum trade amount for FTSE cash is the 2 Pound mini.

    Thats the minimum size of the trade so you can go lower than that.

    05/17/2017 at 6:05 PM #35887 quote
    Trader_1981
    Participant
    New

    Ahh ok so my friend has mis-informed me telling me you can trade the FTSE for £1 per point? @StantonR

    05/17/2017 at 6:11 PM #35888 quote
    Eric
    Participant
    Master

    Trader_1981

    open a SB account from “myig”?

    https://www.ig.com/uk/indices-spread-bet-product-details

    05/18/2017 at 7:48 AM #35921 quote
    Nicolas
    Keymaster
    Master

    I don’t know about the spread bet account, but with PRT-CFD you have FTSE for 1€ per contract, with a minimum size of 1 contract possible.

    ftse-1€-contract.png ftse-1€-contract.png
    05/18/2017 at 8:25 AM #35934 quote
    Trader_1981
    Participant
    New

    Hi Nicolas, that is exactly what I am looking for, only in £ instead of € as I am UK based.

    However in my list of charts on PRT-CFD I can only see a few of FTSE cash and one FTSE cash £2 mini, I cannot see the £1 anywhere. Is their some settings I can change to lower the amount at all?

    Thanks in advance!

    05/18/2017 at 12:39 PM #35982 quote
    Dave
    Participant
    Senior

    Spread bet definitely £1 per point/pip on FTSE,dax, forex etc. No tax either!!!. Setting in top right of screen on mine – drop down menu.

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Change trade size to £1 per point with IG using PRT??


Platform Support: Charts, Data & Broker Setup

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Trader_1981 @trader_1981 Participant
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This topic contains 9 replies,
has 5 voices, and was last updated by Dave
8 years, 9 months ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 05/17/2017
Status: Active
Attachments: 1 files
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