I like more to trade in the 6E than the EUR/USD, I have volume, only one market price to buy and sell and no extra fees like nocturne financing. Interactive Brokers have a good brokerage services for futures. I use Ninjatrader brokerage but I want to change it because it's little expensive in trading fees. Si mi inglés no es bueno perdona, hablo Español ajajaj
There are two major factors that currency futures are not as good as spot forex: 1. Futures leverage is lower than spot forex. On euro, overnight leverage is roughly equal to 75 times. While spot is 500 times. 2. GBP/JAP is the only pair I daytrading. You don't have this option in futures. My broker's spread on GBP/JAP is 0.6 pip. If I trade with US allowed broker, I got 3.1 pip,plus 20 times leverage. Yes, there is risk with offshare brokers.But that risk is less than 1/1000.In a 500 times leverage account I only need to put 1/10 money compared with US allowed broker account.So the risk is less than 1/10000. If I trade with US allowed brokers, I will 100% go broke. If you trade euro/usd, the spread comparision is 0.02 pip at offshare broker vs 1.3 pip at US allowed broker.
You have reason in this, but I don't look it like a problem, with two lots of 6E I'm fine. They are your preferences, this pair is more exotic, soo yes you can't trade in the futures markets of USA. I hate this spreads, for this I changed to the futures markets. But well if you are making good returns, follow trading how you have been doing bro
I am doing good. Most people trade equity but they don't know forex is much easier to profit. If you have been able to (consistently)make marginal profit at equity futures, then you will be able to (consistently)make big profit at forex.
But I will have a problem, and it's the volume. I trade with volume and for this I need to trade in centralized markets
Spot forex is the most liquid market, daily volume is 5 trillion. euro/usd daily volume 1 trillion. GBP/JPY daily volume about 280 billions. It is much much higher than currency futures. (I made a rough calculation based on euro/usd daily volume on spot forex and currency futures,that spot forex is 100 times more liquid than currency futures,assuming forex trading with 500 times leverage, and currency futures trading with $1000/contract.) https://fxssi.com/most-liquid-currency-pairs
No bro, when I said volume I mean the volume indicator, the register of all activity that happened in the market in a period of time. I don't trade with RSI and anothers technicals indicators, I trade looking at volume and price action and in the spot Forex I will never have all the volume registration because it's an uncentralized market. For this I need a CME group or a NYSE/NASDAQ when all the trades are recorded.
I know a guy on a forum who trades forex with volume indicator. This is his post: "In the distant past, I worked with futures, especially with calculating Order Flow from the Time and Sales. But most of my clients blew their accounts, as they were over-committed. So I morphed everything into Forex, synthesized Time and Sales and calculated Order Flow, direction, etc… in Forex. Then I realized that most Forex traders are failed flunkees from Futures, so most of 'em have no money. Nevertheless, I then moved into Currency Analytics, but merged that stuff with the Order Flow and Market Depth prediction stuff. So the only thing I’d say is that for Futures contracts where the underlying is Forex, I can help; but sorry I don’t know anything about Ninja 8." https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612/7334 I another post he said he can predict market by his method. "When Trading News at any broker, do not be “chasing”. Rather, be in your position either before, or after the volatility settles down. For me, I’m in early with an offer, since I believe I can predict the direction from analytics… otherwise, I’d be guessing which is not recommended !" https://forums.babypips.com/t/going-offshore-to-escape-the-cftc/35612/7281