Trading FX futures

Quote from gusmarone:

After doing much research I have decided that trading Forex with market makers is like flushing your money down the toliet. How can they be trusted when they are on the other sides on your bets? Even some of the "ECN's" are bogus. I am not too keen on sending over 50k to ducascopy either in a foreign country. It is bad enough trading is hard but to trade the forex is really a death wish with all these things stacked against us.

I feel you are just safest sticking with IB as at least you can be 98% confident your money will not evaporate and that they wont stop hunt and re quote. How can these forex brokers be allowed to do this?

In any event. Many of you experienced successful traders have mentioned trading fx futures. Can someone lead me in the right direction on how I can go about finding a place to possibly do that and who is recommended?

The unregulated forex market is really just crack cocaine for those who want to just gamble and trade, and these brokers are really worse than casinos where at least you know the exact house odds before playing.

Any tips on where to trade fx futures would be appreciated.

Top Notch Gus
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You are on the right track.
Google about bucketing.

Any reputable broker, registered with the NFA (they must) will do.

Be aware that currencies are best for long term trends, after a torough macroeconomic analysis.

Be aware that in most currencies (for example the Euro), you are not trading the Euro, nor Europe economics matter.
You are trading the dollar, and US economy moves all markets.
 
Quote from gusmarone:


But thankfully I saw the light and will start trading fx futures via tradestation.
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LOL Good luck with that. Have you read any of the Tradestation broker reviews on this forum?

I wouldn't complain about a bucketshop if you're going to use Tradestation as your futs broker.

Software is fine from what I hear, but not their brokerage service.
 
Quote from cabletrader:

lol, and that comment (together with all your other drivel) should tell everyone exactly where you are on the learning curve!

I expect you'll be back in another few weeks/months when you've lost your money again, this time you'll be complaining about futures, lol, blame anyone but yourself.

Have fun, good trading, and watch out for those obvious extra zero 'slips'.

Tooooo funny......:D

By the way, while I was posting I was also trading with my 'unregulated bs death-wish toilet casino manipulative bucketshop marketmaker', some of us can actually manage multi-tasking :p

3 trades, 3 wins, 99 pips......guess I was just one lucky 'crack-cocaine-using gambler', huh?

:D

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:p
 
Quote from cabletrader:

lol, trading is my day job you doofus :D

Can't make money trading cash with a forex bucketshop huh? Like flushing money down the 'toliet' (whatever that is, I'm assuming toliets aren't the best place for flushing money down!)

Yeah, ok.....

12 trades, 12 wins, 124 pips (that's 223 pips while you've been playing with your putz!)

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What a shill!
 
I agree with Reaver and Cable,

I made the switch from FX futures and minis, to trading fx with the so called bucketshops! If you know how to trade it will be no problem. Reaver is right I have an account still at tradestation, becuase I do like there charting software. But trading futures with them is worse than any bucket shop. I now found my niche trading off the 15 min charts and just trade intra day and have no problems, for the record I use GFT as my currency broker. I also have a currency account with tradestation who use gain, and I do not like gain but even so I can now make a little money. I am not making huge amounts but I have turned the corner now. I was playing the victim role when I first started trading fx and blamed the shops, but it was me.I dont believe the firms are stop hunting for my measly 5-10 mini lots at a time. My bad trades were all mine not the firms trying to take my money. I am still learning and make the transition from futures to fx. And sometimes I trade the fx futures and let me tell you sometimes those things get spread pretty wide and jump around for no reason when the acutal fx market is being stable. Just my 2 cents
 
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