Futures vs Spot Currency Trading

Smaller contract size and proportionally reduced margins aimed to attract retail participation

CHICAGO, Feb 18, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- CME Group, the world's largest and most diverse derivatives exchange, today announced that it will launch a series of innovative smaller-sized Foreign Exchange (FX) contracts, called Forex E-Micros

http://investor.cmegroup.com/investo...leaseID=365724

Yes -fees are reduced proportionately for Mini's

Bye bye Bucket Shops - Hello Futures Contracts at the CME

It is roughly 5 years on since this thread was opened.

What are people's thoughts now.

Futures has gotten cheaper again, more liquid again, and it seems like a natural draw. I've gotten fed up with retail brokers who act as dealers for several reasons.

My plan is to move over to the futures market very soon, not only is it cheaper, but it is pretty much a 24 hour market now. I just don't feel like there is any real need to be laboring with the spot market.

I have a basic question for futures as I never dealed with them.

My plan is to go short USDRUB and cash-in 19$ Swap per standard lot. Based on the recent political developments is pretty clear that the RUB will continue to fall, means my short will go into losses pretty quick.

Now I heard one can buy a forex future-contract to hedge against exactly this scenario. On average what are the costs for such a contract per month/year and which broker allows to buy such a contract easy and simple ?

Thx.

The volume of the micro futures is pretty small

Best start with the e mini at least