Hi,
i'm new to gold futures. Where can I get a list of announcements that influence gold market?
I.e. for oil there are inventory reports every week, for equities there are econ reports @ 8:30, 10:00, FOMC and so on
by the time you order is executed, ask can be higher, so your buy order will be executed at a higher price.
you can also place a limit buy order at ask price to prevent bad fill
Then why do people still pay millions of dollars buying a seat, screaming and pushing one another each day?
Wouldn't they feel more comfortale in a home office drinking a coffee and pushing buy/sell buttons?
I think if a person trades 50-100 times a day and consistently making money then he is a floor trader and owns a seat on an exchange.
I doubt you can do this electronically in a liquid market.