Trade Asia Forex from US

Discussion in 'Forex' started by Iceburrg, Nov 14, 2007.

  1. Iceburrg

    Iceburrg

    I'm looking to start trading my own account during evening hours (in California - PST) after work. I have been doing research and it seems that holding my account at IB gives me the most options for this.
    I'm just curious to see what others are currently using for trading Asian Markets (exchanges) from the states and what you like/dislike.

    Broker: (IB seems to be the best option for us here in the US..or is it?)

    Data feed: (IB?.. any other recommendations.)

    Contracts/currency: (HSI, SgxNK, N225m.. ?)
    ..and why?

    Charting ( ... might as well include this.)


    ** not looking for this to be a strategy post.

    I'm hoping this post will be a good source of info for those(newbies) with the same interest. Countless hours of research has allowed me to piece only this much info together...lol.. I'm a bond guy during the day. Thanks guys
     
  2. I would recommend using the futures market to trade currencies, rather than spot FX with a bucket shop.

    Currencies are the hardest market to trade in the world because they are the most liquid. In general, the greater the liquidity, the harder the market is to trade.

    I think equities or equity indexes are easier to trade and more gameable. Currencies seems like pure gambling to me, at least for short term trading.
     
  3. Iceburrg

    Iceburrg

    Thanks.. for the advise as that is what I was thinking. I did want to hear overall advise.