marketsurfer trys forex--part 2

M

marketsurfer

i traded globex currency futures for the first time today on a simulator.

there is no comparision between futures and spot as far as i can tell. globex blows the dealers away. will advise as to progress in the futures market.

best,

surfer :)
 
Quote from marketsurfer:

i traded globex currency futures for the first time today on a simulator.

there is no comparision between futures and spot as far as i can tell. globex blows the dealers away. will advise as to progress in the futures market.

best,

surfer :)
More...

"globex blows the dealers away" ?

Meaning you would rather trade currency Futures via the likes of IB as opposed to spot via the likes of Refco etc?
:)
 
Quote from toby400:



"globex blows the dealers away" ?

Meaning you would rather trade currency Futures via the likes of IB as opposed to spot via the likes of Refco etc?
:)
More...


so far, with my limited experience, yes, i prefer globex trading over spot. it is so much easier entering orders on a depth of market screen, tight tight spreads, and overall more like trading than placing bets. i would compare currency futures to trading equity futures and spot dealer currency trading to spread betting in the UK.

best,

surfer
 
Quote from toby400:



"globex blows the dealers away" ?

Meaning you would rather trade currency Futures via the likes of IB as opposed to spot via the likes of Refco etc?
:)
More...
I think he's referring to currency future contracts which are traded on Globex; not IB's forex system.

-Fast
 
Quote from Fast_Trader:


I think he's referring to currency future contracts which are traded on Globex; not IB's forex system.

-Fast
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yes, thank you , fast. i thought that was obvious. didn't know IB had a forex system.

surfer :)
 
Quote from marketsurfer:

i wondered why the big currency guys rarely if ever trade the spot markets--- now i know !

best,

surfer
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What do you consider "big currency guys"? Someone that trades 100 or 1000 contracts a day? Heck, I know I'm not a big currency guy, but I do move 50 to 100 dollars a day in the spot market. Where can you trade almost any currency pairs you want? I trade up to 30 pairs, not just a handful of the majors.
 
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