Jump to content
  • 1

March spread-bet contract



12 answers to this question

Recommended Posts

  • 0
6 hours ago, TrendFollower said:


Please be careful.

What is the reasoning behind the person giving you advice? Why are they not placing the trade themselves? Do you trust them? You clearly do not know what a March Spread Bet contract is yet they are asking you to place a traded for a specific time period. Do they know something is going to happen in this period?

Maybe it is nothing but I worry about 'Third Party Insider Dealing'. 

Thanks very much for your reply and concern.

The person giving the advice is an internationally respected trader as part of an advisory service. I'm using a dummy account as I want to test the advice first before committing my money!

Link to comment
  • 0
On 05/01/2019 at 18:49, Rockette said:

Thanks very much for your help. I've got it and can proceed OK.

I had the same question as R. However when I looked at rhe site for trading the share it did not have the cash /forward option at the top as indicated above. And what exactly is meant by a March forward contract.

Link to comment
  • 0
11 minutes ago, Talmid said:

I had the same question as R. However when I looked at rhe site for trading the share it did not have the cash /forward option at the top as indicated above. And what exactly is meant by a March forward contract.

rather than paying overnight charges you can hold until the expiry date without paying them. However

  • you pay a bigger spread
  • you HAVE to close them on (or before) the expiry date. You can 'roll' the contract, however this still means you close the trade, book the profit and loss, and then re buy a new position. The system / IG does this automatically but its still a close/reopen process.
Edited by cryptotrader
Link to comment
  • 0

Thank you cryptotrader but I still don't understand why I don't see the option for a forward contract at the top of the page as in the screen shot from Caseynotes

i am trading ana US equity that definitely  should  have a forward contract.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Posts

    • Sainsburys full year earnings and Unilever’s first quarter trading update both say the same thing, UK consumers are in for higher prices. The war in Ukraine, supply chain issues and the effects of ongoing Covid all to blame.      
    • US Dollar (DXY) Daily Price and Analysis US Q1 GDP may stall the greenback’s advance. A 20-year high nears for the US dollar. The multi-month US dollar rally continues with the greenback printing a fresh high today ahead of the first look at US Q1 GDP at 12.30 GMT. The US dollar basket (DXY) has been boosted by renewed weakness in the Euro and the Japanese Yen, as investors move from lower-yielding to higher-yielding currencies, while safe-haven flows continue to benefit the greenback. The US growth release later in the session is expected to show a sharp slowdown from the robust Q4 figure of 6.9%. The markets are currently pricing in growth of just 1% for the first three months of this year, with the slowdown mainly due to a reduction in inventory accrual over the quarter. This release is unlikely to move the greenback, unless there is a large miss or beat, as the Fed believe that 2022 US growth will be robust enough to let them tighten monetary policy sharply without damaging the economy. The latest US Core PCE data – the Fed’s preferred inflation reading – is released on Friday and this may have more effect on the US dollar than today’s GDP data. For all market moving economic data and events, see the DailyFX Calendar. The ongoing US dollar rally has been aided by weakness across a range of G7 currencies including the Euro, the Japanese Yen, and the British Pound. The Euro continues to battle with lowly growth expectations, exacerbated by energy concerns, the British Pound is mired by weak economic data, while the Japanese Yen is in freefall as the BoJ continues with its ultra-loose monetary policy.   The US dollar continues to press higher and looks set to break above 103.96, the March 2020 high. Above here the US dollar would be back at levels last seen nearly two decades ago. The March resistance will likely hold in the short-term, especially with month-end portfolio rebalancing at the end of the week, but US dollar strength is set to continue in the months ahead. USDOLLAR (DXY) WEEKLY PRICE CHART – APRIL 28, 2022 {{THE_FUNDAMENTALS_OF_BREAKOUT_TRADING}} What is your view on the US Dollar – bullish or bearish?   Apr 28, 2022 | DailyFX Nick Cawley, Strategist
    • While Tesla has nothing directly to do with Elon Musk buying Twitter - TSLA stock closed down 12% on news that Musk may have to sell stock and use other holdings to stand against the loan to finalise the purchase of the social media giant.        
  • Create New...