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Spot FX better than Futures?
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Spot FX better than Futures?

  #31 (permalink)
Trading for Fun
London
 
Trading Experience: Beginner
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Posts: 116 since Apr 2018
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Grantx View Post
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.

Thanks, interesting reply and good points. What you say ast the end is right, people need to be able to let trades run. This can be hard when you see that green and grab it.

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  #32 (permalink)
Elite Member
orlando
 
Trading Experience: Beginner
Platform: esignal
Favorite Futures: forex emini oil gas
 
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i left forex cash after fxcm close . loved them fxcm . Moved to futures because of lower taxes . Just forex cash moves are bigger when you hit a good trend . Futures dont have the crosses but you can trade oil/gold .futures Day trading margins low . IG forex just opened in usa . Might open an account with them when they get settled .

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  #33 (permalink)
Trading for Fun
London
 
Trading Experience: Beginner
Platform: MT4
Favorite Futures: Forex
 
Posts: 116 since Apr 2018
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hoppy123 View Post
i left forex cash after fxcm close . loved them fxcm . Moved to futures because of lower taxes . Just forex cash moves are bigger when you hit a good trend . Futures dont have the crosses but you can trade oil/gold .futures Day trading margins low . IG forex just opened in usa . Might open an account with them when they get settled .

Thanks good info. Sorry, what do you mean when you say "Futures dont have the crosses"?

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  #34 (permalink)
Elite Member
orlando
 
Trading Experience: Beginner
Platform: esignal
Favorite Futures: forex emini oil gas
 
Posts: 13 since Jan 2017
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like eur/jpy aud/cad etc . they only have usd pairs .

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  #35 (permalink)
Trading for Fun
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Trading Experience: Beginner
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Favorite Futures: Forex
 
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hoppy123 View Post
like eur/jpy aud/cad etc . they only have usd pairs .

Ah, OK thanks.

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