marketsurfer trys forex--part 2

i traded globex currency futures for the first time today on a simulator.

there is no comparision between futures and spot as far as i can tell. globex blows the dealers away. will advise as to progress in the futures market.

best,

surfer

 

"globex blows the dealers away" ?

Meaning you would rather trade currency Futures via the likes of IB as opposed to spot via the likes of Refco etc?

 

so far, with my limited experience, yes, i prefer globex trading over spot. it is so much easier entering orders on a depth of market screen, tight tight spreads, and overall more like trading than placing bets. i would compare currency futures to trading equity futures and spot dealer currency trading to spread betting in the UK.

best,

surfer

 

I think he's referring to currency future contracts which are traded on Globex; not IB's forex system.

-Fast

 

yes, thank you , fast. i thought that was obvious. didn't know IB had a forex system.

surfer

 

Thankyou both for the clarification. Look forward to more of your posts on the subject.

 

i wondered why the big currency guys rarely if ever trade the spot markets--- now i know !

best,

surfer

 

surf-

what simulator are you using?

Thnaks
uptik

 

What do you consider "big currency guys"? Someone that trades 100 or 1000 contracts a day? Heck, I know I'm not a big currency guy, but I do move 50 to 100 dollars a day in the spot market. Where can you trade almost any currency pairs you want? I trade up to 30 pairs, not just a handful of the majors.

 

open e cry and it rocks !!!

best,

surfer