[torero]

It's true the commissions are a bit stiff. But I prefer fx just on the fact that there is liquidity is 24 hrs, globex if you're lucky (or unlucky) to get enough volume out there to get out at your price, usually slippage is large, 3-6 ticks (but I'm sure it was much much more last Tuesday). When I say 24 hrs it's 24 hrs even volume day or night. I trade eminis and forex and globex is still virtual 24 hrs. Last Tuesday when there was panic in the markets, forex was just another day, moving up more than usual but I didn't see panic like what I saw in the markets. The market is one of the steadiest I've seen when it comes to crisis events.

It's true there is no tight regulation like US-based exchanges, but so far I haven't had trouble with the brokers, software, or anything ifor the last 2 years now. Although there is no strict regulation, things are changing. More and more brokers are offering real service, just stick to Non-dealing desk and you'll see what I mean. And there is no limit up limit down like we saw the other day. When I want to get out, I get out, simple as that. Days like that I wish eminis are more flexible. I see positive things that could be improved on emini rules.

I also have to say that forex trends like the mother.... no doubt about it, less erratic than eminis. If you want to play S/Rs, this is your game, more so than eminis. It's very technical. I use stops on both and I tend to get less stops on FX than eminis (maybe it's just strategy). I don't see any head games just because the market is so big, no one can really influence anyone else there. I like trends, not sure about anyone else so this is what I see often. Swing trade forex won't get surprises like Tuesday.

Just my observation.