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If somebody wants to trade currencies and likes fair trading
conditions, he may trade futures for
currencies ratios. In this case the issue of a big spread
disappeares.
For Example ratio "Euro per Dollar" (symbol EC on Globex) is an
attractive instrument for currencies fans.
I do not understand why people trade on Forex market if futures for
currencies exist.
You wrote:
NH> Similarly, FOREX does not seem attractive.. Perhaps I'm mistaken?
NH> A 4-pip spread on FOREX amounts to perhaps 30 to 50 dollars?
NH> If you are trading multiple contracts you could find yourself in the
NH> hole
NH> to the degree of $100-$200 per trade??
NH> Am I confused?
NH> I had another FOREX broker try to pressure me into trading that stuff
NH> this
NH> week.. He said the cost (spread) is high, but the liquidity is great
NH> and you
NH> can trade 24 hours a day..
NH> Heck I don't have a liquidity issue in S P and I don't want to
NH> trade 24
NH> hours a day. Not at that cost, for sure.
NH> Any comment on the high cost of FOREX? How much is 5 contracts X 4 pips?
NH> Is that a smart way to trade?
NH> -Neal.
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