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

  #31 (permalink)
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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)
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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)
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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)
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like eur/jpy aud/cad etc . they only have usd pairs .

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  #35 (permalink)
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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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  #36 (permalink)
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Cross Rate Futures

Actually the CME does have cross rate futures but there is no volume. I suspect it's the old chicken or the egg syndrome.
Is no one trading them because there is no volume or is there no volume because no one is trading them. I would suspect that the issue is with the CME itstelf. It does a horrible job of promoting pretty much any instruments they offer. Weather and Real Estate. Why are those instruments even on there website at all? CME is truly a strange bird. You know the old saying..."The squeaky wheel gets the grease"? Perhaps prodding them into actually getting the word out on these crosses would gain some traction regarding volume and liquidity. There is some volume so there are market makers in place. Now the
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  #37 (permalink)
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jeffalan View Post
Actually the CME does have cross rate futures but there is no volume. I suspect it's the old chicken or the egg syndrome.
Is no one trading them because there is no volume or is there no volume because no one is trading them. I would suspect that the issue is with the CME itstelf. It does a horrible job of promoting pretty much any instruments they offer. Weather and Real Estate. Why are those instruments even on there website at all? CME is truly a strange bird. You know the old saying..."The squeaky wheel gets the grease"? Perhaps prodding them into actually getting the word out on these crosses would gain some traction regarding volume and liquidity. There is some volume so there are market makers in place. Now the
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You know you'd be surprised, the CME sends their sales guys to my office every few months to promote these things that no one trades. Once I thought there was actually an interesting opportunity, finally took the bait and asked 1 researcher to spend a month developing a strategy to trade one of these weird things with <100 contracts per day. Then we realized from the analysis that whoever's the other person doing 40%+ of that volume is already using dedicated microwave (about $30k per month) to price it. I'm sure they use the same microwave line for other things, but it's still a lot more hardcore than I was willing to go for 100 contracts per day.

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  #38 (permalink)
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Look for volume

if you are not in the US look for volume for example at
https://www.myfxbook.com/forex-broker-volume
volume in Europe/Japan is dropping due to Leverage cut .
The highest Volume you will find in Australia . Don't worry about the distance (down under) when you are in Europe
because the Server are usually in New York (for example of FP Markets or IC Markets)

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  #39 (permalink)
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carofa View Post
if you are not in the US look for volume for example at
https://www.myfxbook.com/forex-broker-volume
volume in Europe/Japan is dropping due to Leverage cut .
The highest Volume you will find in Australia . Don't worry about the distance (down under) when you are in Europe
because the Server are usually in New York (for example of FP Markets or IC Markets)

The ESMA rules have changed the game for many brokers, but the volume is not decreasing in FX. It is actually growing, but it will be concentrated in the hands of bigger brokers.

Matt Z
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PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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  #40 (permalink)
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Australia Forex



mattz View Post
..., but the volume is not decreasing in FX. It is actually growing, but it will be concentrated in the hands of bigger brokers.

The Land Down Under? Australian FX Volumes Are Skyrocketing :
https://www.financemagnates.com/forex/brokers/the-land-down-under-australian-fx-volumes-are-skyrocketing/

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