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Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
CME FX futures are the way to go as far as I'm concerned if attempting to trade forex. Centralized exchange says it all IMHO. Spot FX is also referred to as gambling by some because there is really zero way to know what or how much volume is being traded since nothing is centralized. Volume profiling is a waste of time on these markets IMHO. I'm sure many make money trading spot. I look for high probability events and the whole volume issue, for me, lowers these probabilities reduces the edge and thus approaches the gambling side. No longer a business.....entertainment.
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
The Futures market is derivative of an underlying cash market. In this case, FX cash(spot) is the underlying market that affects the Futures. Remember, there are no future deliveries on cash, and that could only be reflected in Futures or Forward contracts. So if the cash moves, the Futures will most likely move in the same direction.
I suggest to learn a little how Futures are priced and why. This is the basics before you decided what is more reliable.
Matt Z
Optimus Futures
There is a risk of loss in future trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
This does not explain the relation between Futures and cash initially.
The discrepancies that exist and are picked by algos, are not ones that are highly visible or detectable by retail..let alone allow them to capitalize on it.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
I don't think this is true. Some FX firms have very deep liquidity providers and have the ability to disclose it. Some have very poor liquidity providers, and their volume is not significant, so they may choose not too.
However, The OTC market, has oppose to a centralized exchange will always have a lot more of "it depends" when it comes to many trading variables.
Matt Z
Optimus Futures
There is a substantial risk of loss in futures trading. Past performance is not indicative of future results.
Trading futures and options involves substantial risk of loss and is not suitable for all investors. Past performance is not necessarily indicative of future results. You may lose more than your initial investment. All posts are opinions and do not claim to be facts. Please conduct your own due diligence. Use only Risk capital when trading Futures.
1 800 771 6748 local 561 367 8686 email [email protected]
please tell me how trading in general doesn't have a bad rep. The only difference is that most people are actually familiar with stocks so it may seem more feasible.
R.I.P. Joseph Bach (Itchymoku), 1987-2018.
Please visit this thread for more information.
Trading: The one I'm creating in the present....Index Futures mini/micro, ZF
Posts: 2,311 since Nov 2011
Thanks Given: 7,341
Thanks Received: 4,518
I guess I'm confused.
The statement is.... "Some" refer to it as gambling .... I refer to it as such. Four years ago I was at a trading seminar in a university lecturer hall were the educator up front held this belief as well so there are two people right there and I know others think the same way. Some were right next to me possibly.
If poor liquidity providers have volume that's not significant, which is relative, insignificant to one person and significant to another, for example, I want to see all of it, so they may choose not disclosed it. It's again back to gambling for me more so than other trading instruments. Not complete gambling just not the type of edges I would invest time in.
I should of perhaps said "zero way to completely know for sure exactly how much volume is being traded...."
Ron
...My calamity is My providence, outwardly it is fire and vengeance, but inwardly it is light and mercy...
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
If you know how to trade then forex isn't a bad market.
If you don't know how to trade some forex brokers can take the opposite side of your trade as a business model decision, pocketing your loss.
If your profitable they will pass your order through to their liquidity providers.
Most major forex brokers( think FXCM, Gain Capital and others) have had complaints that are discoverable via Google and have to to with cheating customers with widening spreads numerous requotes. (it's the traders job to know when spreads may widen and to decide if trading during those times is advantageous) and asymmetrical slippage( you pay slippage and if you would have received positive slippage they didn't credit you with that and keep some of all of the profit the profit.) that setting is as simple as setting the spread paid by one trader versus another trader.
Then there are the poorly run, capital anemic brokers who fail to honor withdrawals and go bankrupt taking the traders account with them(trading accounts are essentially unsecured loans/deposits to the broker(who can use the funds for operational expenses etc) and do not have any favorable priority in the case of broker insolvency-theUK has a $50,000 limit and insurance on accounts and the USA has no such protection, since most forex broker do not have segregated accounts traders are unlikely to get funds back. I think that the NFA and CFTC has done a good job of requiring brokers to have a significant amount of net capital in order to do business and conditions for trading forex have left generally stronger players opporating as forex brokers.
That depends in which country, how and by whom they're regulated. Few traders with a choice would deposit funds where they're not legally obliged to be segregated from the broker's other funds.
Trading: Primarily Energy but also a little Equities, Fixed Income, Metals and Crypto.
Frequency: Many times daily
Duration: Never
Posts: 5,049 since Dec 2013
Thanks Given: 4,386
Thanks Received: 10,206
Unfortunately there's only 8 liquid CME futures, and they are all USD crosses, which is very limiting when compared to FX brokers that offer dozens of different pairs.
