I think spot Fx is cheaper but you don't really get passive fills like on futures and price action is more readable on futures i think - or am I wrong?
I think spot Fx is cheaper but you don't really get passive fills like on futures and price action is more readable on futures i think - or am I wrong?
Ignored
Its cheaper initially, but you get what you pay for. You also have the issue of orders being executed on liquidity pools that the public cant see... thats a big issue when it comes to microstructure analysis, which should be the lifeblood of any scalping sysem.
I remember reading this guys journal a few years back and what struck me was the .03 cents avg profit. Obviously this isn't Fx but the principle is still the same.
"2010 Recap.
For the year I grossed $825,141. I traded a total of 27,258,000 shares, 241 futures contracts and 204 options contracts. I don't have my net total to the penny yet, but it is very close to $750k".
165 profitable days, 87 losing days
45 profitable weeks, 7 losing weeks
Longest weekly win streak: 14 (Jan 1-Apr 9) Continuation of streak going back to Oct 26, 2009, total 24 weeks.
Average $/day 3,274
Average cents per share traded .030"
