question for experienced 6E traders

Quote from hank1933:

anyone else ??????????????

For "real time" coverage of Spot FX, check out http://www.forexlive.com/ . Former currency desk dealers commenting free of charge almost "live" on FX related news events. Very useful.

The other useful coverage is 2000 USD more expensive...
 
Fxintruder had a nice journal "Neither Tech or Macro". He was a currencey trader primarly.
I learned some things from him. He was very thorough and i think one can learn some
from his process , knowledge and work ethic.
I have a feeling he was a Market Profile user, but, he never said. He focused a lot on major levels. But then again, who doesnt.
 
Could someone explain why you would trade spot fx vs 6E futures? All I hear is regurgitated explanations from dealers and exchange officials.


From what I see with closely sized contracts,

Avg USD/EUR spread is 1.3 and you pay $13 or $26 rt.

Avg Futures commish is $ 5 or $10 Rt.


That's is an incredibly big difference in cost if you trade intraday.
 
Quote from xandman:

Could someone explain why you would trade spot fx vs 6E futures? All I hear is regurgitated explanations from dealers and exchange officials.


From what I see with closely sized contracts,

Avg USD/EUR spread is 1.3 and you pay $13 or $26 rt.

Avg Futures commish is $ 5 or $10 Rt.


That's is an incredibly big difference in cost if you trade intraday.

Say you are a piker, and 6E is too much for you.
 
Quote from xandman:

Could someone explain why you would trade spot fx vs 6E futures? All I hear is regurgitated explanations from dealers and exchange officials.


From what I see with closely sized contracts,

Avg USD/EUR spread is 1.3 and you pay $13 or $26 rt.

Avg Futures commish is $ 5 or $10 Rt.


That's is an incredibly big difference in cost if you trade intraday.

Not really, spreads in spot for 1 million(= 8 6E contracts) are usually below 1 pip(point) and commissions are $20 per million USD per side or less (depending on trading activity level).
 
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