Forex VS Futures, which one do you prefer

Forex is the largest financial market in the world, with the daily trading volume being 5.3 trillion US dollars. It covers transactions of all currencies in the world. There is no central exchange in the forex market, all transactions are conducted independently by traders on the MT4 system. And round-the-clock services are provided within 7 days in the forex market. When trading in the time zone of a country ends, the market may only open on the other side of the world. For example, Sydney opens at 5:00 pm (EST); Tokyo opens at 7:00 pm (EST); London opens at 3:00 am (EST); and NewYork opens at 8:00 am (EST). The closing time of the NewYork market coincides with the opening time of Sydney. Therefore, transactions can be made at anytime.

Forex transactions require a high execution speed, because transactions need to be done immediately. Traders can adjust their transactions with the change of the market. The quotations traders get are always based on the real-time market. In addition, traders only need to pay spread fee, due to the fierce competition in the market, which causes most brokers to offer fairly low spread.

Futures:

A Futures contract is a kind of financial agreement between a buyer and a seller for delivering a commodity at a certain time in the future. And the buyer buys a futures contract, which means that he agrees to buy a commodity at a fixed price in the future, and the seller must sell it at the agreed price. The delivery date can be a week, a month, a quarter or even a year. Traders in the futures market can also trade in both directions.

Compared with the forex market, the futures market is much smaller, with an average daily trading volume of about $50 billion. Therefore, the liquidity of futures is much smaller than that of the forex market. Unlike forex, futures transactions must be conducted in trading centers. CME, the Chicago Mercantile Exchange, has the most traded futures contracts. In addition, Intercontinental Exchange (ICE) and European Futures Exchange (Eurex) are also exchanged with a large trading volume.

The delivery price of futures trading is uncertain. Futures trading usually does not take place immediately, so it is difficult for traders to know exactly how many goods they can buy or sell.

In the futures market, investors need to pay spread fees, commission fees, settlement and exchange fees. These fees can accumulate quickly and will consume traders profits eventually.

WikiFX suggestions: If you are preferring simple trading, it is more appropriate to choose forex than futures. The forex market has high liquidity and its openness to retail traders can provide a fairly good investment environment. The retail traders of futures account for relatively few, and its high risk makes the futures market more suitable for investors with certain trading experience. Whether you decide to trade forex or futures in the end, the most important thing is to make a trading plan, strictly follow the principles, and stick to it.

Good luck!

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