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CURRENCIES ON FX OR CME
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CURRENCIES ON FX OR CME

  #1 (permalink)
Elite Member
New York City, NY/USA
 
Futures Experience: Intermediate
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Favorite Futures: 6E, ZN, CL
 
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CURRENCIES ON FX OR CME

Pros and cons for trading EURUSD via FX or trading the CME version of the market.

I bring this up for a specific reason. Velocityfutures does not do forex but they do trade the CME currency. Looking to really understand the difference.

thanks
gp

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  #2 (permalink)
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  #3 (permalink)
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Do a search, this subject covered from a to z around here....

If you are in a posistion to trade full size lots go with the 6E....you don't have to deal with those stupid spreads.

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  #4 (permalink)
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Compounding

A plus for the forex argument would be that you can easily apply the compounding principle....

Ex. You trade the EUR/USD with a 10K account and choose to risk 1% max on each trade.
First trade you would be able to risk $100 and max lot size would be 100,000. Lets say
you make 20 pips or a little under $200 dollars counting commissions. Now you have $10,200 and you can trade
a lot size of 102,000, risking $102.

With futures you would need to accumulate quite a bit of profits before increasing your lot size.
This principle applies when you are losing as well. You can easily reduce your trade size as your account goes in the wrong direction.

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  #5 (permalink)
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gparkis View Post
Pros and cons for trading EURUSD via FX or trading the CME version of the market.

I bring this up for a specific reason. Velocityfutures does not do forex but they do trade the CME currency. Looking to really understand the difference.

thanks
gp

This was also covered in my last webinar:

Webinar: Where to start as a trader? (Part I: Instruments and Brokers)

Short version: Spot forex is the primary retail market for foreign exchange, and futures (CME) is the secondary market. Which is best for you depends. You can watch the webinar for some general info to get you started.

Mike

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