Trading spot fx isn't compulsory, you always have a choice! The carry trade is alive and kicking, it's just a bit subdued at the moment due to risk aversion and low'ish yield, it'll be back....who wouldn't want a return on money they don't actually have!
"Why trade an unregulated market filled with crooks, when you can trade a regulated market and the crooks (for the most part) have to follow the rules with everyone else." Tell that to the Jap punters who got f^&ked this week on the regulated TFX because the exchange set a wrong closing rate in ZARJPY and triggered a load of stops and margin calls on Monday. The beauty of FX is that it is a big eenough pie for various models to exist. It's horses for courses.If you want to trade on CME - fine. If you don't - fine.
you guys think I make this shit up!?!?! but yeah, that article is retarded. How do I know? Im retarded.