Spread Betting and the Market

Say for example we want to buy if the market falls a little bit and we want to buy if the market gets to 1,400 and we want to buy 4 pounds per point. Bear in mind in spread betting in gold you're not betting like the FTSE, on this figure you're betting on this figure and for those details you need to check the market information online. We can submit that, we will buy gold at 1,400 if our buy price gets to that level and you can of course then review that in the order book. We can click on Amend, or we can remove it altogether by clicking on Cancel.

Now, of course, if the market gets to 1,400, we will now have a new buy position, an open trade in gold. So the system will then automatically allocate a stop loss accordingly. But you can if you wish determine where you want that stop loss right here, right now.

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