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Old 01-25-2007, 08:41 PM
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Re: The Euro FX (EC) Contract
I hear that FXMarketSpace is not going to be available at all to retail traders. There are a couple of good options for trading spot FX. I use IdealPro from Interactive Brokers. Orders go straight to interbank liquidity providers like Deutsche Bank and Bear Stearns. Whatever you do don't use a retail FX bucketshop. Cable (GBP/USD) is more tradeable than EUR/USD. It's great for swing trades - one position every week or two. Look at Tuesday's inverted hammer candlestick on the daily chart and tell me you couldn't have spotted that as a reversal.

CME has a $5 a point GBP/USD contract but liquidity is not great. I don't see any benefit to using it over IdealPro.

Last edited by notouch; 01-25-2007 at 08:43 PM.
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