EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #30 (permalink)

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Manta, Ecuador
 
Trading Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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serac View Post
Big Mike and All:

I know in the past you have primarilly traded CL, and now I see you've switched your favorite instrument to EURUSD. How has the switch been?

You are also using MB Trading, right? I am trying to quantify the actual cost of transaction with MBT. Their commisions are low, but how is the slippage? Do you have any numbers from your experience? I'm guessing $20 / per 100k lot? That's $6 round trip + slippage.

Any success with using their limit order discount?

Anyone else chime in here, too!

I originally switched to the Euro during the time of extreme volatility on oil, with all the stuff overseas, and we were seeing spreads of 20-30 ticks and 400 tick moves. I had intended to switch back to oil, but never did - I like the Euro And it is less controversial than trading oil for whatever society-type reasons.

I do have an MBT account where I play around. But my primarily vehicle is futures. I never experienced any slippage that I can recall at MBT, that would be because they pay you to use limit orders - which I did, limit @ the offer.

I think for the newer trader, trading spot forex EUR/USD vs trading the CME secondary 6E market is a wise thing. You can dramatically lower your risk per trade.

Mike

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