gold spot and future trading

Discussion in 'Metal Futures' started by ssss, Mar 3, 2008.

  1. ssss

    ssss

    Gentlemen

    1.Retail trading with "spot" gold was long time offered from FX broker ,which are based in Swiss as example forex.ch ,realtimeforex.ch &

    But Swiss is not regulated market for forex .

    2.Last time Oanda offered trading spot gold and silber with margin 1:50 .
    OANDA is a registered Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) and is a member of the National Futures Association (NFA ID #0325821).

    Oanda is not pure agent of principal ,but Infinity,Openecry,
    Velocity,TA,PA,Mirus,AMP and all another's ,which offer zg,zi alsov not

    3 .ZG ,ZI trading offered from SEC broker as OXPS ,SWIM
    with possibility switching funds to SIPC protected account

    OXPS ,SWIM in relation to trading stock and options are pure agents of principal's .


    Any relevant evaluation ,comparsion zg against spot gold would welcome ...


    Your respectfully ...
     
  2. zg is a futures contract on gold

    perhaps in your country there is an

    "exchange traded fund" that tracks the

    spot price of gold less fees
     
  3. ssss

    ssss

    Banality was not asked ...

    1 Prize money winner with zg by marketzar.com
     
  4. whooopeee dooo sir

    prof pm trader with real money here !

    but nice to see you might have won a paper trading contest

    :)
     
  5. sir .... if you are going to wet your feet in futures

    then may I suggest the mini contract "YG" ?

    of you are 1000 % sure you are a great trader of gold
    then it does not matter what I say does it ?

    also ... see if your broker will offer GC

    this has more volume than ZG

    also ... make sure you know what month to trade

    good luck to you sir

    :)
     
  6. ssss

    ssss

    Dear Sir

    1,Your answer are not related
    to questions of the author in first posting

    Difference between ZG and GC trading was discussed before in another thread .

    questions of the author was more
    related to spot offer of oanda
    --------------------------------------

    in comparsion to zg


    2. You wrote ...

    whooopeee dooo sir
    prof pm trader with real money here !
    but nice to see you might have won a paper trading contest
    ---------------------------------------------
    From author point of view ,better play only paper contest .

    No risk,No commission and prize money(that can be 100 k$) is not taxed
    from germany law . In another case tax until 40 %


    3. You wrote ... of you are 1000 % sure you are a great trader of gold
    then it does not matter what I say does it ?

    95 % of retail sector with years would loose .

    Doctrin of the author - not to send to any broker any cent ,with exception
    for prize money ,which won in trader contest without entry charge

    Only prize money can be loosed multiple time . But in this worst
    scenario author would better as 95%
    another operators' in retail sector .

    Can loose only great amount of the time ,but that is as in all
    another hobby...



    Best wish ...






    ########################

     
  7. perhaps you can shop around for the best "spread in spot gold"

    trading ... maybe there is another forex firm that has better spread than oanda

    if you are allowed to trade usa equities then GLD tracks spot gold quite well during 8:30 or 9:30 am until 4:00 - 5:00 pm

    EST usa hours

    good luck
     
  8. ssss

    ssss

     
  9. "Was asked without banality ..."

    UMMMMM???
     
  10. andy4444

    andy4444

    SethArb - Thanks for the info on goldfutures, just what I was looking for!

    So GC has the best liquidity?

    Would you say GC is the best one for intra-day then?

    Are the prices of GC, ZG and YM identical, or is there some difference due to specs or similar?

    Thanks for the help Seth

    Andy
     
    #10     Apr 16, 2008