Benihana said: I just don't see the point of trading forex when you can just do it through futures and know 100% it is legit and almost always have lower costs too. The trading costs are nearly identical - if you hold longer term than Fx costs less since you don't have the roll costs of futures. With Fx you can size your trade as you wish, and have access to more currency markets. As far as being legit - you stay with the best regulated Fx brokers. A number of FCM's have gone under in the past. Viewing futures as the only trading instrument limits your flexibility with trading . With Fx I can scale in with smaller size - taking on less risk - sometimes I prefer this over using a futures contract. I know plenty of old timer futures traders that also trade Fx for the reasons I explained.
There are many advantage of Forex Trading but the main advantage is the money involved in Forex Trading.