currency future vs spot currency? - Currency Futures | futures io social day trading
futures io futures trading


currency future vs spot currency?
Updated: Views / Replies:3,064 / 19
Created: by strike333 Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

currency future vs spot currency?

  #11 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
Platform: corded black telephone
Favorite Futures: ticker tape
 
Itchymoku's Avatar
 
Posts: 2,892 since Apr 2012
Thanks: 1,681 given, 3,621 received

I do however like to swing trading forex but I do it differently than how I scalp breakouts on futures. It's almost impossible to scalp forex the way I'd do it on lets say crude oil because sometimes it takes hours for me to even break even considering spread when the currency is in a range.
On another note, spot forex doesn't have the same amount of over night risk you see with stocks if you avoid the weekend which is why I enjoy trading it for long periods of time. In addition to above spot forex is attractive to swing trade because you can trade such small size and you don't have to pay a standard flat 5+ dollars in commissions like you would with a stock.

Reply With Quote
 
  #12 (permalink)
Trading Apprentice
Vienna Austria
 
Futures Experience: Advanced
Platform: NinjaTrader
Favorite Futures: Forex
 
Posts: 8 since Jul 2013
Thanks: 2 given, 6 received

The minimum tick size on the CME is 1 pip - and then you pay commissions. You can do a lot better than that in spot, as far as transaction costs are concerned. Also, since the 6B future(gbp/usd) is half size, you are paying 2x the comms effectively on that one.

CME Europe will start with fx contracts in September - this should be a lot better. Tick size is half-pip, and contract size 100K on all pairs, and cheaper fees than in Chicago as well. I hope that they can attract enough liquidity providers, then this will be a good alternative to spot.

Reply With Quote
The following 4 users say Thank You to Pippi for this post:
 
  #13 (permalink)
 Vendor: tradingcode.net 
The Netherlands
 
Futures Experience: None
Platform: MultiCharts, TradingView
Favorite Futures: ...
 
Jura's Avatar
 
Posts: 774 since Apr 2010
Thanks: 2,347 given, 661 received



Pippi View Post
(..)
CME Europe will start with fx contracts in September - this should be a lot better. Tick size is half-pip, and contract size 100K on all pairs, and cheaper fees than in Chicago as well. I hope that they can attract enough liquidity providers, then this will be a good alternative to spot.

That's interesting. Do you have a source or link for that? The information on the CME Europe website is quite limited.

Edit:
Just saw that Eurex starts with 6 FX futures in October with the same contract specification (100k underlying, 0.5 pip price movement). See their tweet here. And the Eurex circular here.


Last edited by Jura; August 29th, 2013 at 10:46 AM. Reason: Added info
Reply With Quote
The following user says Thank You to Jura for this post:
 
  #14 (permalink)
Elite Member
somewhere, brazil
 
Futures Experience: Intermediate
Platform: metatrader
Favorite Futures: forex
 
Posts: 60 since Jul 2011
Thanks: 0 given, 23 received


Itchymoku View Post
I do however like to swing trading forex but I do it differently than how I scalp breakouts on futures. It's almost impossible to scalp forex the way I'd do it on lets say crude oil because sometimes it takes hours for me to even break even considering spread when the currency is in a range.
On another note, spot forex doesn't have the same amount of over night risk you see with stocks if you avoid the weekend which is why I enjoy trading it for long periods of time. In addition to above spot forex is attractive to swing trade because you can trade such small size and you don't have to pay a standard flat 5+ dollars in commissions like you would with a stock.

yup, and most non-US forex accounts let you trade gold, oil, the eminis. About the only thing I can't find with a non-US forex account is the Russell 2000.

Reply With Quote
 
  #15 (permalink)
Elite Member
Duisburg, Germany
 
Futures Experience: Intermediate
Platform: TWS, NinjaTrader, MT4
Broker/Data: FXCM, Interactive Brokers, Oanda
Favorite Futures: Forex
 
Posts: 129 since Aug 2013
Thanks: 55 given, 44 received

I have never looked into doing currency futures with my strats. Once I landed on forex however many years ago, I just stuck with that without putting much more thought into it. It is in my list of to one day look into currency futures to see how it would work with what I do - but that is some day...

Reply With Quote
 
  #16 (permalink)
Trading Apprentice
Northern California
 
Futures Experience: Intermediate
Platform: IB
Favorite Futures: Futures
 
arrowTrader's Avatar
 
Posts: 12 since Feb 2014
Thanks: 2 given, 2 received

In addition to what's already been said, another advantage to trading futures is that your account funds are consolidated with one broker so you have more product choices to trade with your capital. You also have the opportunity to trade intermarket spreads between currencies and related markets (e.g., bonds, precious metals).

Reply With Quote
 
  #17 (permalink)
Trading Apprentice
kuwait city
 
Futures Experience: Beginner
Platform: ninjatrader mt4
Favorite Futures: fx
 
Posts: 16 since Oct 2011
Thanks: 274 given, 7 received

in futures there's the major pairs that only have the big volume
but in spot you have the volume you need in all majors and crosses 24 hrs !!
also the leverage issue .. use ecn regulated (ctrader) brokers that have good reputation ..

Reply With Quote
The following user says Thank You to eagle75 for this post:
 
  #18 (permalink)
Elite Member
australia
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: -
 
Posts: 300 since Sep 2010
Thanks: 123 given, 137 received


josh View Post
I can only assume he means that there are more cross pairs to trade than are offered in most futures markets, not that there are more opportunities in EURUSD spot than 6E, for example.

To me the biggest advantage in spot are pairs which are not available in the futures.

if all the pair are available in the futures as the spot, i would only day trade the futures.

even for pairs like EUR/GBP, you cannot get the same trade by just trading 6E and doing the opposite in 6B

Reply With Quote
 
  #19 (permalink)
Elite Member
Salt Lake City Utah/United States
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: Gold
 
Posts: 15 since Jun 2014
Thanks: 2 given, 9 received

I found this thread very interesting. I have trading futures currencies before, but never Forex, so I had very similar questions. Thanks to everyone that both started the thread and responded to it.

Reply With Quote
 
  #20 (permalink)
Trading Apprentice
sumbawa+indonesia
 
Futures Experience: Beginner
Platform: metatrader
Broker/Data: bunch forex broker
Favorite Futures: gold
 
praptopro's Avatar
 
Posts: 11 since Nov 2013
Thanks: 0 given, 1 received


I think that trading in spot currency is more interesting than in futures. In spot currency, we are able to trade in anytime and in any hours because the volatile of spot currency really tight.

Reply With Quote

Reply



futures io > > > > currency future vs spot currency?

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Price relation between spot forex and currency futures Righteous7 Traders Hideout 6 September 11th, 2013 07:36 PM
Account currency keymoo Reviews of Brokers and Data Feeds 4 May 12th, 2013 01:58 AM
Currency Futures patbateman Currency Futures 6 October 26th, 2012 01:59 PM
Account Currency not equal to Base or Counter Currency caliph Currency Futures 4 February 13th, 2012 02:15 PM
Trading Currency Futures vs. Spot suchen Traders Hideout 3 December 9th, 2009 12:39 PM


All times are GMT -4. The time now is 10:31 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-10 in 0.13 seconds with 39 queries on phoenix via your IP 54.221.73.186