if cfds and derivatives do not affect volume and supply and demand then
who s volume is shown in the graph?
thanx in advance
There’s a good chance that the volume shown is that of the broker your using - but don’t quote me on that
basically you do not know like me
Fully agreed, but from my experience of trading gold, it’s gonna take a bit of sideways action.
Nobody knows, and I’ll be the first one buying should the market tip it’s hand
sorry I sent wrong reply oops
agree but that is an other topic
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Yes I appear to be making I right old hash of my posts today lol
I know on Fxcm platform some of their indicators are based on their client volume.
But your right I don’t know if this applies in the case for you.
so actually all this buying and selling of retail traders (because they do not own the actual asset) is like “betting in horse tracks” because it does not affect volume nor supply and demand
Yes you are correct, CFDs are a synthetic market, they in no way affect the real market - if that’s what you mean
according to the volume bars on the platform i use it suppose to be based on the amount of clients who are long or short.
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so what is the market where the actual selling and buying of retail traders affect the market and supply and demand.
here is an example
let s say the over all trading sentiment of retail traders is to buy gold
so the majority will go and buy gold without actually owning the asset then how is price gonna go up if supply and demand is not affected?
and if price go down does that mean the actuel gold was put for sell by the actual owners of gold
it is supposed to be
all the retail traders of all brokers or just your broker
and because this is not a centralised market
i would assume the volume is just of your broker (or some kind of software fixing things)
this whole thing looks like a scam a very sophisticated scam
im with IG at the moment, they got adequate pool of clients to reflect the volume i guess .
if you talking about forex, retail traders are probably irrelevant anyhow
Well as far as I know the price of gold is mainly set on the Comex.
Retail buying takes place through a few ETFs also
As for being a scam, that word is sure used a lot these days. I am fully aware that CFDs are a contract between me and my broker and no way are the real market.
in forex too retail traders do own the assets
am i correct ?
you was talking about CDFs no
basically it is like binary trading
Yes probably, better not even get started on financial spredbetting
But if you want to know the real scam in gold it’s that 100 ounces of paper contracts are traded for every ounce physical billion for delivery