CME vs Forex

I can see Forex for intraday trading when you will not hold your position overnight.

However, For longer trend trading you also need to consider the overnight interest fees on Forex, which can take away any cost advantage.
 
Quote from TallTrader:

I can see Forex for intraday trading when you will not hold your position overnight.

However, For longer trend trading you also need to consider the overnight interest fees on Forex, which can take away any cost advantage.
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Those are one-sided costs...you get paid for them going the other way with a pair.
 
Quote from AAAintheBeltway:

I have one major problem with these fx shops. They strongly imply you are trading the actual interbank FX market, but that is simply not true. You are trading a submarket they are making. It's kind of like betting on games, only you are dependent on the bookie to learn the scores. I have no idea how much they are off the actual interbank market, but how could you trade with them without this data? Of course they are happy to give you "free" quotes, because they are not market data at all but rather their dealing price. Is there even one of them who provides an actual interbank feed?
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You couldn't be more right, AAAintheBeltway.

GAIN Capital is the worst of the bunch regarding this who you're trading with.

Check this quote right off their site:
"GAIN Capital offers forex traders direct access to the global currency markets."

WHAT A LIE!

But on another page they say:
"When you trade with GAIN, you're trading directly with the market maker."

Go figure.

Though they are still listed on my site for broker recommendations. :D

As far as actual direct interbank feed, GAIN Cap MAY come the closest because hey use e-signal and alpine charts so they may have to honor priced seen on them.

UBS or UBS/Realtick probably offers the closest to trading interbank quotes but you have to be a big cap trader to pull off trading with them. Let me know if you want a link to test their demo - it's bitchin.

Regards,
 
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