Stick to spot forex or go with micro futures?

Hello people,
for some time i've been trading forex using volume price analysis (or volume spread analysis, depends on how you like to call it ). So the past year i was able to end majority of the months on at least a positive return.

Now as for a VSA guy, tick volume on spot fx isn't the best solution, so i was thinking on moving to trade micro fx futures and found some opinions saying that micro's or mini's aren't liquid enough and it's better to stick with spot fx till you get enough capital to trade full contracts.

So here is the questions I would like to ask:

Are the micros' and mini's really not liquid enough, so that i will end up paying higher spread than in spot fx?

No. Those are very liquid I used to trade minis before FX....

Thank you for clarification.

May I ask, why u "used" to trade? Did you find them inferior to spot fx?

Thanks.

No one trades micro futures. If you don't have enough money to trade the full contract futures, trade spot.

Thanks for the reply. Now I'm not sure whom to follow, as you both gave opposite answers

globex has enough liquidity.

I simply lost money. I wanted to return but will not have enough to trade futures so I'll gamble at forex.

Didn't have enough money? Maybe you are referring to full sized contracts? As those truly are very liquid as much as i know. But the issue is with mini and micro ones.

Minis futures can be tradable during the euro us overlap session, but even then sometimes liquidity is low (there arent enough candle formations). On the other hand you can trade the normal british futures which is very liquid and each tick is 6.25$.

I think you should continue working on your Spot FX system, forgetting the volume analysis part. The liquidity in FX is insane. Why bother with futures? You will figure it out without volume analysis. Not sure if it's true but it seems that more future traders move to FX than vice versa. Your funeral, I mean your call. Good Luck....

Sorry I just checked volume at thinkorswim (ameritrade) futures and for 6E vs M6E it's like 75.000 vs 4.000 volume spike on 1H chart....

but does that really mean that FX is superior to futures? something tells me it's not because there's a huge leverage today in FX but no so much in futures. so there's more money in futures market I think!

at the end of day it's where you buy and where you sell....and for that do you really think volume will help? if yes go for futures!

volume can be good predictor. for instance there's a big green candle but what the volume behind it? very high volume doji vs low volume doji....it tells us a lot and you mate just reminded me that I do miss futures trading and volume.

anyway back to your question - Xhale was right.

Just found that old thread, but liquidity grown up since last post, especially on M6E(E-micro Euro future) , so I've decided to refresh it

M6E is tradeable since 7am until 9pm UK time last days. Maximum slippage, which I've experienced is 2 ticks, which is acceptable.

I strongly advocate day trades to dump FX and move on M6E as there is a lot of advantages of it:

 

1. price is the same for everyone
2. levels more accurate than FX(every broker quoting differently)
3. having advantage of volume, which is not available on FX, you can see inside a bar by using Volume Profile and Footprint
4. M6E allows to enter into futures market world without exposing too much risk - tick value is worth $1.25

There is few more contracts available on CME but liquidity is not high enough to trade. Hopefully that will help