Jump to content

Gold Futures Rollover


Recommended Posts

Could anyone please advise of the nuances of running a rollover for Gold futures.

I have note traded for over 10 years however took out a Gold position 3 weeks ago on an August contract. My understanding is that this expires on the 28th of July (4 days). I have issued rollover instructions in setting and had e-mail conformation.

Despite this I am unsure how this manifests itself.

Does the rollover move to the December contract or just another month (Sept)?

Are the profits realised or do they just continue to run?

Do you effectively 'pay' the spread to IG again?

Is this a better / more efficient way of running a position for longer if you are still bullish on the outcome or should you close and open a new Dec contract?

Many Thanks for your time.

Ed

 

 

Link to comment
  • 2 weeks later...

you will get rolled onto the december contract

profits get realised

yes you pay the spread again

in theory it doesnt make a difference what you do - rollover or close now and reopen a new contract, but personally i prefer to close a position manually so i can see exactly what price i'm getting

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      20,144
    • Total Posts
      88,264
    • Total Members
      69,129
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Khushboo
    Joined 07/10/22 03:54
  • Posts

    • US Stocks: AAPL, AMZN, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM. Elliott Wave  SP500 US Stock Bear Market: AMZN, AAPL, NVDA, TSLA, GOOGL, BRK.B, SQ, META, NFLX, ENPH, MSFT, BAC, JPM, GS. Elliott Wave Technical Analysis  Stock Market News: The nonfarm payrolls on Friday, but more importantly would be the CPI on the 13th Oct as the Feds are firmly focused on Inflation. Stock Market Summary Elliott Wave Count: Tracking two different Elliott Wave counts. Analysis US Stocks: Tesla TSLA, Amazon AMZN, Nvidia (NVDA), Apple AAPL, Microsoft MSFT, Berkshire Hathaway (BRK/B), Block, Inc (SQ), Meta Platforms, Netflix (NFLX), Enphase (ENPH), Alphabet GOOGL. XFL Finance Sector ETF, JPMorgan JPM & Bank of America BAC, Goldman Sachs Group Inc (GS) Stock Market Trading strategies: The risk reward is not there, so no trading strategy Video Chapters 00:00 SP500 09:06 Apple (AAPL) 12:58 NVIDIA (NVDA) 14:12 Amazon (AMZN) 16:07 Meta Platforms (META) 18;20 Netflix (NFLX)  19:12 Enphase (ENPH) 21:34 Tesla (TSLA) 28:09 Alphabet (GOOGL)  29:09 Microsoft (MSFT) 30:03 Berkshire Hathaway (BRK.B) 31:56 Block Inc. (SQ)  34:01 Banks JPM, GS 37:58 End. Thanks for supporting! Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com      
    • Why is this stock unavailable to open for non-Pro clients? Surely a fund is less risky than an individual stock.
    • Hi @Kgrp74 Thank you for reaching out.  HMRC rules don't allow you to hold foreign currency in an ISA, but you can still buy international shares. The gains on currency conversions are only seen and credited in the account once you sell the shares if the currency rate is favorable to you. We also have to consider the 0.5% spread added to the exchange rate and commission charges which would normally offset your profits.  Thanks, OfentseIG
×
×
  • Create New...