On another thread there is a pretty good discussion about traders moving to the futures & forex mkts. I know they are going to futures, but forex? I thought the issue here was no central system, globex, ace, eurex, liffee, plus clearinghouse. Am I wrong in thinking this? Everyone on ET seems to trade stocks, futures, or options, maybe some bonds, but I do not recall reading about active forex traders, trading everyday, making a living at it.
If there are forex traders out there who do trade actively, what brokers do you use? How are accounts settled? I know the leverage is 100:1, but how good are the intraday ranges? Can you compare it to the e50 or the nq, es? Who makes the market, and what are some of the platforms you use to trade foreign exchange....pats, TT, IB?....Any info appreciated tia. I noticed on the above link, which is a good link thanks for it, but I noticed it said somewhere......no commissions......thats usually one of the first shady signs.