Need help: the difference between Forex CFD & Spot Forex

This is a discussion on Need help: the difference between Forex CFD & Spot Forex within the General Trading Chat forums, part of the Reception category; Hello, I don't quite understand the difference between Forex CFD & Spot Forex, I think FX CFD is better, CFD ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Feb 20, 2011, 5:15am   #1
 
4 Posts
Joined Nov 2010
Smile Need help: the difference between Forex CFD & Spot Forex

Hello, I don't quite understand the difference between Forex CFD & Spot Forex,

I think FX CFD is better, CFD is usually based on forex future price (COMEX) and this price can't be controled by market maker.

Spot FX price is offered by single Market Maker if your platform is not ECN~ and the MM can totally control this~

Am I right? (sorry for my poor english)~
ilovehoo is offline   Reply With Quote
Old Feb 20, 2011, 11:03am   #2
Joined Jan 2011
Re: Need help: the difference between Forex CFD & Spot Forex

Quote:
Originally Posted by ilovehoo View Post
Hello, I don't quite understand the difference between Forex CFD & Spot Forex,

I think FX CFD is better, CFD is usually based on forex future price (COMEX) and this price can't be controled by market maker.

Spot FX price is offered by single Market Maker if your platform is not ECN~ and the MM can totally control this~

Am I right? (sorry for my poor english)~
You are confusing totally different things.

The spot price is the price payable now - for immediate delivery if you like, as opposed to the forward price.

So you have spot forex and forex futures, spot gold and gold futures etc.

A CFD is just one of many means of speculating. You can do this via CFDs, spread betting, futures contracts, currency lots etc.
Pazienza is offline   Reply With Quote
Old Feb 20, 2011, 11:08am   #3
Joined Jan 2011
Re: Need help: the difference between Forex CFD & Spot Forex

For example:

With IG Index, you can spread bet on something called "Wall Street" which is their version of YM (emini Dow).

With IG markets, you can do the same but via a CFD.

With IB, you can trade the actual underlying contract -ie, you will be trading actual futures contracts instead of bets or CFDs based on them.
Pazienza is offline   Reply With Quote
Old Feb 20, 2011, 11:39am   #4
 
4 Posts
Joined Nov 2010
Smile Re: Need help: the difference between Forex CFD & Spot Forex

ilovehoo started this thread thanks you~Pazienza
ilovehoo is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
FXCM Australia Launches CFDs in Forex, Stock Indices & Commodities jsales Direct Access 0 Jul 7, 2010 2:03pm
spot forex volume & sierra TPO whenitsgone Trading Software 2 Sep 29, 2009 10:25pm
CFD forex vs spot forex?? goose4 Spread Betting & CFDs 1 Sep 24, 2009 11:26am
Forex Futures vs. Spot Forex Accounts ...GREAT READ goose4 Forex 4 Aug 25, 2009 2:26pm
Spot forex vs CFD forex WallStreetHero General Trading Chat 5 Jan 9, 2009 1:59am

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)