Spot Gold or Futures for Spread Betting?

[vinmaster]

Any reasons why one might be better than the other, as their movement seems to follow pretty similar patterns. Any advice from the experiences pros shall be highly appreciated.

 

[Waterfield]

Spot Gold has a roll over charge. If you hold it overnight you will have to pay a certain %. Futures will have a wider spread probably, but you don't have to pay the charge.

If you are a daytrader opt for spot. If you're a swing trader opt for futures.

Hope this helps,

Phil.

[Correct me if I'm wrong!]

 

[vinmaster]

That is exceptionally helpful, thanks ever so much for the precise information.

 

[N Rothschild]

Spot Gold has a roll over charge. If you hold it overnight you will have to pay a certain %. Futures will have a wider spread probably, but you don't have to pay the charge.

If you are a daytrader opt for spot. If you're a swing trader opt for futures.

Hope this helps,

Phil.

[Correct me if I'm wrong!]

wrong.

 

[Waterfield]

Andy, instead of being a dick add something of value. As I asked...

Phil

 

[N Rothschild]

lol