Trading Currency Futures vs. Spot

December 8th, 2009, 07:11 AM

Hi all,

Well I have been trading the currency futures for a while now and just recently started to dip my little fingers in to trading currency spot...seems like i am having a hard time entering into trades with my preferred limit orders b/c of the spread...sometimes it will get hit sometimes not...

I was wondering if people who have been trading currency spot indexes for a while might shed some light on how they go about entering trades b/c of the spread issue.

Thanks,
Suchen

December 8th, 2009, 08:11 AM

What sort of spreads are you dealing with and which instrument (also which broker). Here is a view of some real time spreads you can compare with what you are seeing.

TrueFX — Tick-By-Tick Real-Time And Historical Market Rates, Clean, Aggregated, Dealer Prices

December 8th, 2009, 08:43 AM

thanks for your reply websouth!

well i am trading thru...NT using Gaincapital...for forex...

might have to change...looking @ the info on that link!

any recommendations on the legit broker to use...

mainly trading eur/usd, gbp/usd, usd/jpy

December 9th, 2009, 11:39 AM

suchen
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also

Forex newbie questions

A Forex newbie question:
- your broker account is, I suppose, in USD
- you go Long EURJPY 132.75, covered at 133.19, +44 pips
- do you have to manage yourself the currency risk USD vs EUR, or is it made by your broker ?
In this case, if you go Long EURJPY …

Trading Currency Futures vs. Spot

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Trading Currency Futures vs. Spot