Poll: What's the Best Way to Trade FX - Futures, IB's ECN Model, or Corrupt Brokers?

What's the Best Way to Trade FX - Futures, IB's ECN Model, or Corrupt Brokers?

  • Futures

    Votes: 14 42.4%

  • IB's ECN Model

    Votes: 9 27.3%

  • Thru Shady and Corrupt Brokers

    Votes: 4 12.1%

  • Other, please explain

    Votes: 6 18.2%
  • Total voters
    33
A

aeliodon

I'm trading E7 futures right now, and I'm fine with it since I'm doing swing trading. However, the volume is really thin which makes me hesitant to trade it more actively.
I hear that IB has an ECN model. Explain that to me, how does that work?
And I've heard so many stories of underfunded, shady, and corrupt brokers that I'm not even going to consider that route.
 
I didn't know about 6e. I looked it up, I see its a Euro futures contract that trades on CME. I can pull it up on IB for some reason. But why is it better than e7? Its probably a larger contract than e7.
 
The best way to trade currencies?

get a prime with a tier 1 bank and trade directly with the interbank market (bank to bank, broker to broker) Need about 10MM lying around.

But if you can't do that, than an ECN, like IB or FxAll, or Hotspot, or MBT or just about any Currenex vendor. You'll need alot less than 10MM (min's starting at 400 US)
 
Quote from aeliodon:

I didn't know about 6e. I looked it up, I see its a Euro futures contract that trades on CME. I can pull it up on IB for some reason. But why is it better than e7? Its probably a larger contract than e7.
More...
it's the big futures contract on euro, where the real volume is.
 
Quote from cvds16:

it's the big futures contract on euro, where the real volume is.
More...

The big futures contract has plenty of liquidity for virtually any retail trader, plus you have the security of exchange clearing and a transparent globex platform.
 
trade spot with oanda. this way you can take advantage of the carry trade (interest positive) if you wish.

I've never traded FX with futures, but don't you have to pay the spread anyways if you're going to hit the bid or take the offer plus pay the commission? If it is like equities and you can limit join the bid or offer, you're essentially waiting for the momentum to run over you to get your fill. Being on the wrong side of the trade to save the spread is going to hurt you more in the long run. Guaranteed.
 
I can't seem to pull up 6E on IB for some reason. Do I need a special market data subsription? Just wanted to ask before I call up IB.
 
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