Spot FX better than Futures? - Currency Futures | futures io social day trading
futures io futures trading


Spot FX better than Futures?
Updated: Views / Replies:2,028 / 44
Created: by some1one1 Attachments:1

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 100,000 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 Ė 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 donít 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

 
 1  
 
Thread Tools
 

Spot FX better than Futures?

 
Elite Member
whitestone, new york
 
Trading Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,973 since Oct 2010
Thanks: 5,201 given, 3,064 received


Rrrracer View Post
This is why I would like to find a decent forex broker in the US... haven't had much luck outside of Forex.com and Oanda, both of which are market makers as far as I know. Who are you using Bob? Have you had any trouble with the spread opening up and grabbing your trades?

also, Oanda has a decent platform.I use forex.com with NT8.If you are used to Sierra, i doubt you would like NT8

 
 
Elite Member
Dublin
 
Trading Experience: Beginner
Platform: Tradestation, Ninjatrader
Favorite Futures: YM, ES
 
KillerJukeBox's Avatar
 
Posts: 53 since Oct 2018
Thanks: 10 given, 53 received

hey guys, thinking about dipping my toes in forex, I'm in Europe, who should I be considering? thinking about forextime or FXCM at present.


Last edited by KillerJukeBox; December 22nd, 2018 at 06:36 PM.
 
 
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 141 since Apr 2018
Thanks: 158 given, 73 received



bobarian View Post
I switched to forex so i could trade live for low risk amounts.I couldnt afford to trade cl.For me , Forex enables me to trade with real $and stay in a trade plan without the anxiety of big$ getting flushed.As my plan shows consistency, i just raise the amount per trade.....Now, on to the spreads.You can have a time and sales up that will show the current spread.EURUSD has the tightest spread...about 1.2 and is plenty liquid.Going forward, as i progress, i will raise the amount i trade incrementally.Forex gives me the capability to do this, with low risk,while dialing in my method, and my mental approach...............However.......when i get to the point that i am comfortable with this as a whole, and there is a foundation in place, i want to get back to trading the open with YM,NQ, and dare i say it....CL...And by the way, you can get some nasty slippage on the minis too(not es!).One more thing....I have no problem with the charts on forex.They work and behave like anything else...Sure, GBPUSD can get bumrushed because of Brexit, but weve all sen CL get pushed around as well.I think its important to be aware of spreads in general, but there comes a point when its out of our control.So choose what instrument youre comfortable with, and accept the spread, and focus on the process
Hope this helps, Bob

With spot forex the spread is only an issue if you are scalping or day trading forex.

If you are swing trading or holding positions for days / weeks then the spread is not really an issue as your stops should be wide enough to cope with slippage, news events etc.

Sent using the futures.io mobile app

The following user says Thank You to kazz for this post:
 
 
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 141 since Apr 2018
Thanks: 158 given, 73 received


bobarian View Post
IMHO, risk control is the most important factor here.As an aspiring trader, my job is to stay alive, while dialing in a method and executing without hesitation.This requires zoning in on a few setups that i recognize, and always participating when these setups exist.Aslo, a big work in progress, is determing a realistic target for each setup, and being patient to let the trade play out.Forex gives me the chance to forget about the $, and focus on the process and me.

That is a big advantage of spot forex. You can trade live with a small account.

However some argue that micro currency futures offer the same opportunity as margins for them are under $300.

Thing is, do micro currency futures have the liquidity?

Sent using the futures.io mobile app

The following user says Thank You to kazz for this post:
 
 
Elite Member
whitestone, new york
 
Trading Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,973 since Oct 2010
Thanks: 5,201 given, 3,064 received


kazz View Post
That is a big advantage of spot forex. You can trade live with a small account.

However some argue that micro currency futures offer the same opportunity as margins for them are under $300.

Thing is, do micro currency futures have the liquidity?

Sent using the futures.io mobile app

some of the micro currencies are liquid enough.I used to watch the british pound, and the euro is good.The spreads with fxcm are so much better.Also, you can trade oil and gold in Europe.

The following 2 users say Thank You to bobarian for this post:
 
 
Professional Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,524 since Oct 2016
Thanks: 2,089 given, 3,838 received
Forum Reputation: Legendary


kazz View Post
With spot forex the spread is only an issue if you are scalping or day trading forex.

If you are swing trading or holding positions for days / weeks then the spread is not really an issue as your stops should be wide enough to cope with slippage, news events etc.

Sent using the futures.io mobile app

What about the swap? To hold, you are either getting payed or you are paying, and this needs to be factored when swing trading.
And how is spread a problem for day traders? EURUSD offers less than a pip majority of the time and if a trader cant handle that then their are issues that need to be addressed. If youre trading an instrument that frequently suffers slippage and large spreads and the trader is unhappy with that, simply find a more suitable instrument. There is something for everyone.

The following 2 users say Thank You to Grantx for this post:
 
 
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 141 since Apr 2018
Thanks: 158 given, 73 received


Grantx View Post
What about the swap? To hold, you are either getting payed or you are paying, and this needs to be factored when swing trading.
And how is spread a problem for day traders? EURUSD offers less than a pip majority of the time and if a trader cant handle that then their are issues that need to be addressed. If youre trading an instrument that frequently suffers slippage and large spreads and the trader is unhappy with that, simply find a more suitable instrument. There is something for everyone.

Not sure if swap is such a big deal with interest rates being so low everywhere.

Regarding spread, yes it's tiny for EURUSD but not everyone day trades that pair.

You can't deny that spread is an issue for scalping.

Sent using the futures.io mobile app

 
 
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 141 since Apr 2018
Thanks: 158 given, 73 received


bobarian View Post
some of the micro currencies are liquid enough.I used to watch the british pound, and the euro is good.The spreads with fxcm are so much better.Also, you can trade oil and gold in Europe.

Thanks, which micro currency futures have decent liquidity?

Sent using the futures.io mobile app

 
 
Elite Member
whitestone, new york
 
Trading Experience: Intermediate
Platform: ninja trader
 
bobarian's Avatar
 
Posts: 1,973 since Oct 2010
Thanks: 5,201 given, 3,064 received


kazz View Post
Thanks, which micro currency futures have decent liquidity?

Sent using the futures.io mobile app

m6e is the best.qm for oil is ok too.

 
 
Professional Guesser
Reading UK
 
Trading Experience: None
Platform: Sierra
Broker/Data: Interactive Brokers
Favorite Futures: My 3 boys
 
Grantx's Avatar
 
Posts: 1,524 since Oct 2016
Thanks: 2,089 given, 3,838 received
Forum Reputation: Legendary



kazz View Post
Not sure if swap is such a big deal with interest rates being so low everywhere.

Regarding spread, yes it's tiny for EURUSD but not everyone day trades that pair.

You can't deny that spread is an issue for scalping.

Sent using the futures.io mobile app

I agree with you on the swaps. Even though they might not look like much but lets consider an example. You hold an EU short for 7 days using a standard lot size. For whatever reason you decide to exit for 50 pips. You net $500, and according to the dukascopy rates your rollover will be approx $50.
Not significant but still represents 10% of your total gain on that trade. If you were holding a long you would be paying approx $60 and thats all before the cost of spread or commission is factored in.

Spread for a scalper is an issue no matter what market you trade. FX or futures. On EU I only need to overcome 0.75 of a pip before Im in profit... all in. Liquidity has never been a problem for me. I stand by what I say, if a trader cant handle a 1 or 2 pip spread then they need to reconsider what they are doing.
On futures I need to pay the commission but also need price to advance and clear the next price level before I could close for profit using a market order. And depending on the instrument, you could still be underwater because of the commission so yeah, people need to learn to hold trades and let them run for a bit.

The following user says Thank You to Grantx for this post:

 



futures io > > > > Spot FX better than Futures?
Thread Tools



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

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

60 Minutes to Better Decisions & Better Trades w/Agustin Lebron

Elite only
 

Live Day Trading the E-MICROS w/Ilan @ Cannon (special time: 12PM ET)

May 30
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Spot FX feed for NT other than Kinetick? maxr Reviews of Brokers and Data Feeds 10 July 29th, 2015 02:37 PM
GM Sales Up 7.1 Percent in October, Better Than Expected Quick Summary News and Current Events 0 November 3rd, 2010 11:10 AM
Why Stocks May Be Better Bet Right Now Than Gold, Bonds Quick Summary News and Current Events 0 October 25th, 2010 02:00 PM
Economic Growth at 1.6%; Bad, But Better Than Thought Quick Summary News and Current Events 2 August 28th, 2010 03:29 AM
Using DAX to trade the ES - better than volume trendisyourfriend The Elite Circle 40 July 13th, 2010 11:31 AM


Tags
bid/ask, broker, brokers, cl, commission, currency futures, data, day trading, divergence, dukascopy, est, europe, eurusd, forex, forex broker, futures, futures broker, fxcm, gbpusd, indicator, indicators, information, instrument, jpy, lmax, market data, market order, micro, mt4, new york, news, nq, nt8, oanda, pairs, people, platform, retracements, risk control, rollover, scalper, scalping, short, sierra, size, slippage, spot forex, spot fx, spread, spreads, strategy, swing, swing trading, tapatalk, time and sales, trade live, trade plan, traded, trading, trend, volatility

All times are GMT -4. The time now is 08:38 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432 WhatsApp Business, 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 2019-05-25 in 0.15 seconds with 14 queries on phoenix