I need help setting up and managing spread-bet trades on the IG Index platform

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• Managing P1 and P2 at IG Index

  To partially automate the taking of a first profit target in a spread bet at IG, it is useful to place two orders, each for half of your total bet, with the same entry level and stop-loss on each.  On one order only, enter your P1 value as the ...

• Why are the IG Index bid/ask spreads different to those quoted on other trading sites?

  The spreads are wider for spread betting because there are no commissions charged on the trade. A typical IG Index spread for a daily bet will be between 6-10 points Bid/Ask. But, in a volatile scenario, such as the market open as the pent up orders ...

• Why should I spread bet (with IG Index) rather than trade stocks using a traditional brokerage account?

  Spread betting allows you to begin with a very small budget, and you get far more leverage. However recent EU legislation now requires you to have much greater 'margin' (cash reserves) in your account. There are also no commissions for trading, it is ...

• With IG Index spread betting, what does a point refer to?

  A point refers to the second decimal place. So if a stock is trading at $15.76 the point applies to the decimal place that corresponds with the position of the “6”. In other words, a one point change refers to a one cent (US stocks) or a one penny ...

• How do I avoid getting gapped into a trade in IG Index?

  The only sure way at the moment is to place your trade during market hours: US market hours for US stocks. And then your bet should be made for ‘Day Only’.  It is a good idea to have the order killed at end of day if not filled, especially for those ...