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Why not trade the globex currency futures 24 hours a day? The Euro has more
electronic volume than pit and the spread is 1 tick which is $12.50 for 125,000
Euros. I also trade the Yen which is 1 ($12.50) tick for 12,500,000 Yen,
however it is a bit more volatile than the Euro. Canadian also generally 1 tick
($10.00) for 100,000 CD ... generally pretty tame.
Earl
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Neal
Hughes
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, May 24, 2004 1:06 PM
Subject: [RT] FOREX vs S&P Trading:
not interesting ?
Similarly, FOREX does not seem attractive.. Perhaps I'm
mistaken?A 4-pip spread on FOREX amounts to perhaps 30 to 50
dollars?If you are trading multiple contracts you could find yourself in
the holeto the degree of $100-$200 per trade??Am I confused?
I had another FOREX broker try to pressure me into trading that stuff
thisweek.. He said the cost (spread) is high, but the liquidity is great
and youcan trade 24 hours a day.. Heck I don't have a liquidity
issue in S&P and I don't want to trade 24hours a day. Not at that
cost, for sure.Any comment on the high cost of FOREX? How much is 5
contracts X 4 pips?Is that a smart way to trade?-Neal.
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