E-micro: The spot forex killer?

Looks like the emicro broke all records for a CME product with a " unprecedented " close to 1.3M in 3 days.

Hard to tell if it is real volume or the "professionals" smoothing things up behind the curtains.

I doubt the CME will just let it float freely before enough people feel safe to trade it.

Anyways, next week I will probably try this thing with a few lots just for fun !!

After trading the micro for a few days I think I got to a conclusion regarding the title of this thread.

First thing is that it does not compare to the E-mini.

It is indeed( as I suspected) a lot more expensive to trade the micro and your fills are not as good for market orders.

It has something to do with spreads and maybe some lingering "lack of liquidity" because the product is so new. It just does not feel the same as the minies IMHO.

Now compared to Forex. At least the way Forex is behaving over the last years it is a good option based mainly on the bigger volatility.

I need some volatility in order to make money so this "advantage" may be very personal to my style.

Also the advantage of trading with a broker which " technically" does not win when you lose and vice versa is a plus. Again IMHO.

If I was still depending of Forex to earn my money I would DEFINITELY migrate to equities at this point.

But I will never leave the minies for it.

On Friday, June 28, 2019, MES traded 167,523 contracts and the MNQ traded 128,530 contracts. Without looking, I would venture to guess that those numbers are greater than the numbers for Live Cattle, Natural Gas, and Palladium. None of which are on their way out. Additionally, I would guess that those numbers are close to the numbers for the Mini Dow and Mini Russell. In short, I think the Micros are here to stay and represent a game changer for the US resident forex trader.

Trading with Amp Global Europe via MT5 …………….no problems to relate with the Index Futures. Great way to get one's feet wet when dipping into the Futures world.