Anyone here use the fixed odds websites to hedge stop losses and the likes on their real trades? I believe I have come up with a way of doing this obviously it cuts your profit a bit but stops any big losses if your stop is hit. any thoughts?
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DislikedAnyone here use the fixed odds websites to hedge stop losses and the likes on their real trades? I believe I have come up with a way of doing this obviously it cuts your profit a bit but stops any big losses if your stop is hit. any thoughts?Ignored
DislikedI use IG index and usually go for £20 per point on the currencies. I put my stop say 200 points away from the live level of EURUSD. I place my trade and then I go to bets for traders. I discovered this site on monday but as yet its not taking real cash. I buy what they call a one touch bet just say 1 point before my IG stop. usually for £50 to win £1000 and buy four of these. So for £200 I am now covered my full loss hence £3800 better off if my stop is hit.
Anyone any opinion or experience with this kind of thing?Ignored
DislikedI use IG index and usually go for £20 per point on the currencies. I put my stop say 200 points away from the live level of EURUSD. I place my trade and then I go to bets for traders. I discovered this site on monday but as yet its not taking real cash. I buy what they call a one touch bet just say 1 point before my IG stop. usually for £50 to win £1000 and buy four of these. So for £200 I am now covered my full loss hence £3800 better off if my stop is hit.
Anyone any opinion or experience with this kind of thing?Ignored