Jakob

Rydex's CurrencyShares ETFs: The Expensive Truth

Hey sbenard,

How is that. I have tried to acess your blog but it seems like I need an invite. Can you please elaborate?


On Feb 09 05:57 PM sbenard wrote:

> There is still another alternative. One can trade currency futures.
> With futures, you are using an exchange, so the spread is much tighter
> -- usually only 1 tick (same as a pip). Most online futures brokers
> only charge you about $5 per trade. Thus, you can break even after
> the market gives you only 1 tick!
> If a Forex broker charges an average of 3-5 ticks on the majors,
> trading the futures will save you $20-$40 for each transaction. The
> dirty little secret of Forex brokers is that they increase the spread
> to line their pockets.
> The futures are extremely liquid, and during times of market turmoil
> following a news event (like the NFP jobs report), you will also
> get much better executions. I stopped trading Forex long ago, because
> the currency futures are much easier to make money with. There is
> no comparison!
> I have written more about this on my own blog. Look at the second
> section that discusses how to save money on Forex.
> globalcapital.blogspot...