Recent content by fxtrader

RSPhoenix: Your right, what I mean is I never have to think about what contract month offers the most open interest/liquidity.

Just21: I use CMS cause I like their charts, GAIN cause its one key stroke to get in & out(particularly when I'm in a hurry), & Refco cause my FX account also funds my futures account & they offer options. All 3 are better then most as far as "requotes" go. Commerce Bank is good but...

Andrasnm: Here's a few thoughts for your research which is geared towards retail & institional clients: Why trade foreign exchange vs futures: 1. FX: spot, fowards, swaps, options making up over 80% of all foreign exchange transaction vs. less than 20% futures. 2. This market share...

marketsurfer: Here are a few thoughts on were the FCM's are making their money and bear with me because I've never worked for a fx dealer or bank so this is pure speculation: 1. I'm going to go with the stat that 85% of traders lose so if the FCM is holding onto their clients trades...

York: It depends on what currency pair your going to trade. For me, the CME is cheaper & as liquid for the E/$. But if your looking to trade exotics, trade the hedge on simular currency pairs, need max. leverage, or want to play the 5pm interest payment then spot is the obvious choice...

Marketsurfer: The spot guys are always quick to talk about the $1.5 trillion daily volume. However, what they fail to tell you is $1.5 trillion is the total for all foreign exchange transactions. The spot market represent about 30% for the total. Lets not forget forwards & swaps, thats...

Sashe: I left currency futures 3 years ago to trade exclusively in the spot market. Loved it, good intra-day trends, could trade overnight, plenty of liquidity, no commission, free platform, ridiculous leverage, filled at the price requested, ect. Keep in mind I was paying $25.00 RT & the...

atorchio: GAIN, Refco, CMS & Commerce are all good. Funds segragated, good platform(although CMS has had issues in the recent past i.e. getting disconnected at the worse possible time; they tell me they're working on some upgrades). I very rarely get requoted with GAIN, maybe a few times a...

MFtr: Have only worked with retail spot FCMs & Commerce Bank platforms. I've found GAIN Capital to have the fastest real time platform by about a second or two. I use them, CMS & Refco and typically can pick up a PIP w/ CMS & Refco on entry & exit from the price change on GAIN's platform...

Setharb: My charting software closes the trading day at 5pm EST so for me its the H/L of the last 24 hours ending at 5pm. But my hangup was in a 24 hr market is there ever a close? Pull up a 1 hr chart on say the E/$, you'll see trading ranges which last for 1-3 days and are about a 100...

5o: Last thing, I hope your not paying for the delayed feed cause you can demo a platform with any spot dealer for free. Try Commerce Bank, Refco, CMS, or Global Forex. All platforms are good and the feed is real time.

50: When I first started trading spot I did it exclusively intraday. Here are a few signals which work well and should help. 1. Trade the breakout of yesterday's high/low or better yet the breakout of congestion just prior to Y H/L 2. A typical week will see the mkt trade in congestion...

Frogy: I don't believe GCI is accepting accounts for US residences. You will find better market makers like GAIN, CMS, or REFCO is you do the volume. Good luck.

Nico: I looked at their site but I didn't demo their system. Their web site doesn't publish spread or leverage info and I didn't contact so I really can't give you an opinion. Their Swiss so an attraction would be a USD/CHF spread less than 3-4 PIPs. You don't usually find tighter spreads...

I've traded with GAIN, MG, & FXCM and CMS. By far CMS has been the best for spread, leverage, paying interest, and no re-quoting. MG & FXCM are classic re-quoters. Try to enter in fast market conditions and I guarantee you will be re-quoted at a price other than what their system is...