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Low Volume and big gap between bid and ask for ZG


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Low Volume and big gap between bid and ask for ZG

  #1 (permalink)
 veeyem 
Singapore Singapore
 
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I am trying to trade ZG (ZGJ12) but noticed the volume is very very low and there is a huge gap between the bid and ask. I checked all the other available Futures contracts related to ZG to realise all has a very very low volume.
Would like to understand how I could trade ZG. I am sure I am missing something obvious and thought of turning to the experts. Pls share your thoughts on this. Thx in advance.

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  #3 (permalink)
 rani 
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Most people trade gold on Comex (GC).

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  #4 (permalink)
 veeyem 
Singapore Singapore
 
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rani View Post
Most people trade gold on Comex (GC).

Do you mean that not much people trade ZG and hence not advisable to trade ZG? Thx.

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 Big Mike 
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veeyem View Post
Do you mean that not much people trade ZG and hence not advisable to trade ZG? Thx.

I am not a gold trader, but I agree - GC is where the bulk of the volume is. You can also consider trading QO which is mini-gold, I think it is 1/10th the tick value. Use a GC chart for signals, and execute on a QO DOM.

Mike

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  #6 (permalink)
JuneBug
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I have found that the GC is much better and lately has been giving some really good trades. Take a look at it.

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Last Updated on March 14, 2012


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