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

  #1 (permalink)
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Spot FX better than Futures?

Hello!
So i trade news releases on spot, but on big releases like NFP, spreads will go crazy for a while and it can often ends up costing me an arm an a leg to trade.
My question is simple, will moving to futures be beneficial on my trade costs during releases?

info:
1/i have traded futures quite a lot, but not on news, never seen big spreads during semi-stable prices
2/My current broker (ic markets ecn) will not show lower spreads even 1-2 minutes after the release so i don't even have a trade opportunity, so there is also an opportunity I account for.

Thank you for reading this

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  #2 (permalink)
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  #3 (permalink)
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Forex- not centralised- spread widening is nature of market, banks do not accept any trades during news or have a liquidity cap
Futures- centralised- all trades go through a single exchange, liquidity does not dry up easily

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  #4 (permalink)
Market Wizard
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some1one1 View Post
Hello!
So i trade news releases on spot, but on big releases like NFP, spreads will go crazy for a while and it can often ends up costing me an arm an a leg to trade.
My question is simple, will moving to futures be beneficial on my trade costs during releases?

info:
1/i have traded futures quite a lot, but not on news, never seen big spreads during semi-stable prices
2/My current broker (ic markets ecn) will not show lower spreads even 1-2 minutes after the release so i don't even have a trade opportunity, so there is also an opportunity I account for.

Thank you for reading this

Let the data tell you...

Create a simple indicator to plot the forex spread or the futures bid/ask spread every second before and after new releases. You might find that futures are best during new releases, and maybe forex is better other times. Or vice versa. And different markets might behave differently, too.

So, my short answer is to test it and see.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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The following user says Thank You to kevinkdog for this post:
 
  #5 (permalink)
Market Wizard
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trade the first few mins of the NY open if you want volatility, trading the news is a guess at best and 90% of the time if you wait until the retrace after the first few minute's in the news you can get a much much better fill.

0.02

-P

"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
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  #6 (permalink)
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MiniP View Post
trade the first few mins of the NY open if you want volatility, trading the news is a guess at best and 90% of the time if you wait until the retrace after the first few minute's in the news you can get a much much better fill.

0.02

-P

Ofcource i am trading after* the news on retracements, generally, didnt have spread problems until i started trading the NFP, and i saw a continuation on spread divergence. Thanks for your reply though

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  #7 (permalink)
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Lawrencejude View Post
Forex- not centralised- spread widening is nature of market, banks do not accept any trades during news or have a liquidity cap
Futures- centralized- all trades go through a single exchange, liquidity does not dry up easily

Right i haven't thought about that, thanks for reminding me

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  #8 (permalink)
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kevinkdog View Post
Let the data tell you...

Create a simple indicator to plot the forex spread or the futures bid/ask spread every second before and after new releases. You might find that futures are best during new releases, and maybe forex is better other times. Or vice versa. And different markets might behave differently, too.

So, my short answer is to test it and see.

Thanks for the idea, i am currently forward monitoring spreads on the forex platform mt4 through an indicator and researching online data i found on OANDA, but can seem to find an easy way to do this on futures. Do you have any recomendation about where i should search or what platform should i use?

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  #9 (permalink)
Market Wizard
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some1one1 View Post
Thanks for the idea, i am currently forward monitoring spreads on the forex platform mt4 through an indicator and researching online data i found on OANDA, but can seem to find an easy way to do this on futures. Do you have any recomendation about where i should search or what platform should i use?

Any futures broker, and any platform with delayed data should work. You just have to create an indicator of ask-bid and record it every second or so.

If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
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  #10 (permalink)
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some1one1 View Post
Thanks for the idea, i am currently forward monitoring spreads on the forex platform mt4 through an indicator and researching online data i found on OANDA, but can seem to find an easy way to do this on futures. Do you have any recomendation about where i should search or what platform should i use?

for monitoring FX spot spreads
https://www.lmax.com/global

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