Spread betting without volume oscillators?

[artful_dodger]

Hi

I recently started trading gold/silver and a few other futures with IG Index.

However none of their charts show volume. Volume type oscillators I thought were pretty important for short term trading?

IG told me that displaying volume was not possible as the prices at IG were based on futures...or something.

What gives...should I use independent charting software?

Thanks

Richard

 

[fibbinstarchi]

Ye.

 

[millsy500]

IG wont give you vol as they're a bucket shop quoting their own prices, short term trading with them is too expensive, go with a broker is my advice.

 

[£10kLoser]

Just download Metatrader and run the gold (and silver) chart with the volume indicator on. It's free and you can run all the indicators you want...

IG are fine for trading gold. Their prices match 'real prices' very closely. They are slightly dampened out to iron out wild fluctuations but this works OK.

 

[artful_dodger]

Thanks for the tip 10k...I'll check Meta out tonight!

 

[kev1n1983]

hi,

does metatrader give you volume on the indices, ie ftse n dow.

thanks

 

[pasqy2005]

Hi

I recently started trading gold/silver and a few other futures with IG Index.

However none of their charts show volume. Volume type oscillators I thought were pretty important for short term trading?

IG told me that displaying volume was not possible as the prices at IG were based on futures...or something.

What gives...should I use independent charting software?

Thanks

Richard

I've got just one thing to say to that......they are lying to you!!
They could provide volume for the underlying futures if they wanted to, but they won't because they know very well that volume will tell you everything you need to know about what is occurring in the market! If you can use that info it would be at their expense! They use volume to gain an edge so they won't provide it to you or me! Very devious!

 

[socomrider]

Whilst on the subject of volume can somebody please tell me where I can view the volume on the Euro Bobl Bond? Ive been searching for days but no luck cheers.

 

[ibex666]

volume

sb,s dont offer volume indicators. as was said earlier it would give you an edge as to whats going on, so its not in their interest to supply them. Get it from an outside supplier. its worth having.

 

[trader_dante]

I honestly don't think that not providing volume is anything to do with giving you an "edge".

If they didn't want to give people an edge, they wouldn't provide a chart!!

It's probably an additional expense to them to get volume data and this is, no doubt, why they don't use it.

Most people wouldn't know how to read volume even if it was provided.

P.S If you want volume on MT, just right click on the chart and select "Volumes".

 

[£10kLoser]

Yeah, right. All we need is a volume indicator and our trades will be profitable...

Really, the excuses people come up with for losing money spread betting.

 

[ibex666]

volume

I honestly don't think that not providing volume is anything to do with giving you an "edge".

If they didn't want to give people an edge, they wouldn't provide a chart!!

It's probably an additional expense to them to get volume data and this is, no doubt, why they don't use it.

Most people wouldn't know how to read volume even if it was provided.

P.S If you want volume on MT, just right click on the chart and select "Volumes".

yes volume and realime would cost them, so they dont provide it. But it does give you an edge, its market "chatter" and interpreted properly is a usefull tool.
If you dont see as worth using what the hell are you looking at? DELAYED DATA !!!!

 

[£10kLoser]

Surely the volume is 'delayed data' the same as the price? Volume doesn't tell you if it's buyers or sellers, just transactions. By the time you see a volume spike, the price has moved...

 

[timanfaya]

volume

volume is usefull as a trend indicator. its one of those things, it needs using alongside other indicators etc to give you a picture of whats going on. it would be nice for sb to provide it, but it would cost them, and it might give a small ish edge if interpreted properly. Dont know any sb that provides it though.

 

[trader_dante]

I have been trading or almost eight years and didn't do too well for the first three years, but thanks to the help of ex professional trader Tom Williams, I learned how professional traders analyse the market and how they trade. He is now chairman of a company called Tradeguider. Here is their website TradeGuider | Trading Software | Investment Software | Volume Indicators

I cannot recommend this site enough, it is a god send for the likes of us and it will tell you how to read volume. When you read what they have to say, just trust what you see because they really are talking fact, yet a lot of people seem to refuse to believe it.

I hope this was of help. I hope that as many readers as possible will look at the site and get the same benefit from their method of chart reading as I have

Thank you for the link. I hope to gain some huge benefit from this link, especially as it offers a 30 Day Money Back Guarantee when I subscribe. I must find my credit card so I can unlock the secrets immediately...be right back...

 

[Lee Shepherd]

I can understand you saying that they're just transactions but believe me, you couldn't be more wrong. The vast majority of people who trade don't know how to read volume, therefore they don't know what to make of it. But Specialists at the NYSE, or Marketmakers or any other of the top professional traders can and do read volume to tell them what's occurring in the market. They don't use indicators of any kind.

Volume can be used to tell you when there is accumulation or distribution occurring, or when a move is genuine or false, and many other things in fact.
I have been trading or almost eight years and didn't do too well for the first three years, but thanks to the help of ex professional trader Tom Williams, I learned how professional traders analyse the market and how they trade. He is now chairman of a company called Tradeguider. Here is their website TradeGuider | Trading Software | Investment Software | Volume Indicators

I cannot recommend this site enough, it is a god send for the likes of us and it will tell you how to read volume. When you read what they have to say, just trust what you see because they really are talking fact, yet a lot of people seem to refuse to believe it.

I hope this was of help. I hope that as many readers as possible will look at the site and get the same benefit from their method of chart reading as I have

Thanks for the link, I've been searching for the 'Holy Grail', and now I have found it.
Now I'll never have to lose again.

Thanks.

Very useful.

 

[£10kLoser]

Do I detect some sarcasm on this thread? Too subtle for non Brits, maybe....

 

[Hoggums]

Do I detect some sarcasm on this thread? Too subtle for non Brits, maybe....

I think you are right 10k - so I'll make it a bit more obvious..

 

[£10kLoser]

Well, I guess we'll have to do without the 90% success rate from multi-millionaire pasqy.

 

[ibex666]

££££££

I want to be a multi millionare TELL ME HOW YOU DO IT pasqy HA HA HA HA