M6B is it worth it? | Currency Futures

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M6B is it worth it?

  #3 (permalink)

New York, NY
Posts: 47 since Oct 2011
Thanks: 49 given, 70 received

I think you'll find all the questions relating to this contract answered by the M6E/E7 threads (of which there are several), except that the spread on M6B is usually a little wider (~4 ticks). All other characteristics are pretty much the same.

M6A is also a good one, if you're interested in the Aussie.

The other currencies (Canadian, Japanese, & Swiss) can get a little more tricky, and are significantly less liquid than the M6E, M6B, & M6A.

While we're on the topic, if you want to trade the other currencies (Micro-Canadian, -Japanese, or -Swiss), make sure you select MCD, MJY, & MSF respectively (NOT the M6C, M6J, & M6S). Reason: MCD, MJY, and MSF are settled in US $$, and will not trigger a currency-conversion, which will usually cost a conversion fee and some headache.

M6C, M6J, & M6S are all settled in the opposing currency.

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