Question to spread traders

sonandheir

I am new to spread trading. I have paper traded for months with good consistent results. Have opened a live account with Deltaindex and have traded that live for the past month with similar results. My questions are these:
-Will they close your account if you're making a consistent profit (anyone any experience of Delta)?
-Does anyone try to conceal their systems from the spread trading company they use?

Thank you.

dunkamania

While in many ways spreadtrading is casino like, Deltaindex are not the "house" in this case. They do not take the other side of your trades, they are hedging their risk against other clients, or in the market, so they dont care if you win or lose as long as you trade.

sonandheir

Thanks Dunkamania, I had read something like this before in relation to Delta, however wasn't sure about it. Do you know which other spread betting companies hedge the risk?

dunkamania

Generally speaking its something that all of them would be doing, so you should never have an issue over being too successful

Joe Schmo

While all spreadbetting, CFD and Forex providers theoretically hedge their exposure from the positions you take in the underlying market/asset, some methods of trading- in particular scalping- are harder to hedge in moving markets. Hence some providers are considered scalper-unfriendly. Consistently profitable scalpers may find their accounts unusable by their providers slowing down the speed of accepting an order and stepping up the frequency of requotes.

I came across a thread on a day traders where a non-scalper built up a position of circa 13k unrealised gain (their provider was CMC markets) but couldn't close it out in time and lost 70%of the gain. They couldn't enter a trade online or by telephone due to technical difficulties. I am racking my brain but I can't remember what board the thread was on.

Congrats on becoming profitable at the moment. Could you give some detail on your edge or style of trading or maybe a little background? It is always interesting to hear what kind of trading is working at the moment.

arrowloopboy

Joe Schmo wrote: »

While all spreadbetting, CFD and Forex providers theoretically hedge their exposure from the positions you take in the underlying market/asset, some methods of trading- in particular scalping- are harder to hedge in moving markets. Hence some providers are considered scalper-unfriendly. Consistently profitable scalpers may find their accounts unusable by their providers slowing down the speed of accepting an order and stepping up the frequency of requotes.

I came across a thread on a day traders where a non-scalper built up a position of circa 13k unrealised gain (their provider was CMC markets) but couldn't close it out in time and lost 70%of the gain. They couldn't enter a trade online or by telephone due to technical difficulties. I am racking my brain but I can't remember what board the thread was on.

Congrats on becoming profitable at the moment. Could you give some detail on your edge or style of trading or maybe a little background? It is always interesting to hear what kind of trading is working at the moment.

Looking for an edge Joe ?

LOOK IN THE MIRROR.