Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
This applys to the popular pairs; EURUSD, GBPUSD, AUDUSD and assumes normal market conditions
liquidity is probably the big one. Unless your trading lots of 1 million+ in size your order will get a good fill even on a market order.
adjustable lot size range from 1000 to 1,000,000 plus with increments of 1000, 10,000, 100,000. Depending on the broker you can adjust size from 1000 to whatever by increments of 1000. This allows live trading with limited risk: 1000 = .10 a tick 10,000 = 1.00 a tick and so on.
Lower commissions. Most brokers do not have commission. They make their money off the spread which on the euro for example, is a couple of ticks. The better brokers charge commissions and have lower spreads. MB trading has a spread of 1 to 1.5 ticks on the euro where FXCM has a spread of 3 ticks. You get what you pay for.
24 hour trading with better liquidity. Even after 5 pm the pairs are liquid enough to get out even with a large size position.
Those are the big ones from my perspective.
SD
nosce te ipsum
You make your own opportunities in life.
The following 4 users say Thank You to Silver Dragon for this post:
The big difference and the reason I will never scalp again with FOREX is because you typically are not all sharing a central order book. It is all dependent upon what the Market Maker (your broker) will do for you and/or how quickly they can hedge your trade.
It all depends on your broker and they vary greatly! I like Dukascopy, IBFX, OANDA to name a few...
The following 2 users say Thank You to bluemele for this post:
Correct. Add 10 cents for every 1000 traded. 10,000 = 1 USD. 6e is worth 12.50 a tick. In FX that would be 125,000
Yes.. I dont want to say identical, but they trade very similar.
Depends on the broker. Interactive Brokers for example has futures / options / forex / etc all under one account. MB Trading has seperate accounts. Alot of brokers are Forex only.
SD
nosce te ipsum
You make your own opportunities in life.
The following user says Thank You to Silver Dragon for this post:
Hmmm, I would say the costs of placing a trade (commission) are less in futures. A spread of 1 to 1.5 pips in forex equates to $10.00 to $15.00 "commission" for a standard lot in Forex. I pay about $5.00 commission for a round turn in the 6E . And each tick on the 6E is worth $12.50.
The following user says Thank You to BeachTrader for this post: