The Best Currencies to Trade are…….
E6 EURO FX
B6 BRITISH POUND
A6 AUSTRALIAN DOLLAR
DX U.S. DOLLAR INDEX
S6 SWISS FRANK
J6 JAPANESE YEN
This list will pretty much cover the world in terms of any global macro trading opportunities
When ever you trade, you want to trade the largest most liquid markets
The reason being so you can get in and out easily because its liquid
Plus you can scale up your size so you can start trading say 1 contract on the Euro futures and then trade a 1000 contracts and still be less than 1% of the market.
E6 Euro Futures 1 point = $.0001 per Euro = $12.50 per 1 contract
The E6 moves about 130 points a day
Below what to look at is the Volume of contracts traded each day to show liquidity
Sometimes your see a huge opportunity in the markets to make money this year that opportunity was to Short the Mexican Peso.
(e.g. Make money on the currency falling in price)
7th Best currency is a global currency trade opportunity like the M6
The M6 is the futures contract for the Mexican peso
As you can see when Mr Trump won the election the peso collapsed a lot in value
$.00001 per Mexican peso increments ($5.00/ per 1 contract)
9th November enter trade
14th November exit trade = 636 points x 100 contracts = $63,600 potential profit.
Now people will say, you could of traded the Forex etc
In general its very scammy unless you have a large account and my friend does trade Forex with a large account and he could not trade it because it had a 200 pip spread just to enter the trade!
Currency Futures are all regulated at the CME and all above board no dodgy tricks can be played on you like they can in the forex markets!