Difference between future option and spot option brokers
This is not always the case! Reprints allowed for private reading only, for all else, please obtain permission. When the markets do line up, check the red arrows again, I will take the trade. Future results can be dramatically different from the opinions expressed herein.
Another thing to note is that these two charts are nearly identical because the British Pound is the base and the US Dollar is the quote. Your votes are much appreciated, and winning again only motivates us more to do even better this year! Personally, I trade both asset classes as I like the benefits that they both have to offer!
So what does this mean? So the big take away here is that different symbols will have different margin requirements, and they will also have different dollar values on the minimum moves pips or ticks. Future results can be dramatically different from the opinions expressed herein. Another thing to note is that these two charts are nearly identical because the British Pound is the base and the US Dollar is the quote. But access to all of the currency pairs will be limited.
If you choose to open a forex account only, you will have access to many different currency pairs to choose from. Noticing that the USDJPY had a small supply zone while at the same time the Yen futures chart was in demand could have led you to take a trade on either symbol because they both lined up. It is commonly said that the larger market difference between future option and spot option brokers more important than the smaller one, and since the spot forex market trades more dollar value per day than the futures market more weight should be given to it. A few expanded differences on spot forex vs.
As always, please do your own research on your chosen broker to determine what is right for you and your circumstances; even ask your Online Trading Academy Education Counselor for their recommendation. Keeping it simple is my preference! The main reason is the lack of volume, or even possibly the lack of the pair even trading in the futures market!