Then maybe you should read up on some news rather than participating in guessing games. Google is your best friend.
Trading Forex in the US after new Dodd-frank rule
- Thread starter panganp
- Start date
oanda is your best bet
they are just starting to get their act together after the last CEO took a step back and copied what other brokers were doing instead of keeping their innovative style
they are just starting to get their act together after the last CEO took a step back and copied what other brokers were doing instead of keeping their innovative style
Has anyone any experience in trading in both futures and spot fx trading?
@panganp
While i'm not a US resident, i have the same concern, i have to find some instruments (Interactive Brokers) if someday fx is prohibited, because i trade for living with FX.
So here are my backup plan :
Trade with GOLD (XAUUSD commodity), but since US residents are not allowed, you will trade GLD (chart is identical with XAUUSD commodity)
Trade FXA (chart is identical with AUD/USD)
Trade FXB (chart is identical with GBP/USD)
Trade FXC (chart is identical inverse with USD/CAD)
Trade FXE (chart is identical with EUR/USD)
then FXY (inverse USD/Yen) and FXF (inverse USD/CHF) as well.
i haven't found any substitute for cross-pairs.
While i'm not a US resident, i have the same concern, i have to find some instruments (Interactive Brokers) if someday fx is prohibited, because i trade for living with FX.
So here are my backup plan :
Trade with GOLD (XAUUSD commodity), but since US residents are not allowed, you will trade GLD (chart is identical with XAUUSD commodity)
Trade FXA (chart is identical with AUD/USD)
Trade FXB (chart is identical with GBP/USD)
Trade FXC (chart is identical inverse with USD/CAD)
Trade FXE (chart is identical with EUR/USD)
then FXY (inverse USD/Yen) and FXF (inverse USD/CHF) as well.
i haven't found any substitute for cross-pairs.
IMO you're much better off trading with currency futures than these things. FX moves all the time and those instruments are US ETF type instruments which mean you cannot do a damn thing during the Asian and London sessions for the most part.