Why kind of commissions/fees are we talking about - specifically comparing a one lot round turn to what we get at Coinexx/Turnkey/FXBrew?
I was paying close to $7.00 per contract for E-Mini round turns. To have any kind of intelligent stop loss distance from the price you enter a single trade requires hundreds of dollars of risk (and that is for day trading time frames). Swing trading? Fuggedaboutit.
The genius of Forex spot trading is the ability to tailor your trade size based on your risk and what your trading plan or the market structure tells you. With futures you are always negotiating between what you know you should do and the risk required to do what you know you should do. That is where the market makers want you.
In Forex you can take 10 mini-lot trades instead of one normal lot trade. Imagine you are at a carnival and the Carny gives you two choices on the basketball shoot (on a non-regulation basket of course); you can either take one shot for 10 pts. or 10 shots for 1 point each. I know which shot I’m taking. The whole activity of dividing your risk into multiple smaller amounts of risk is almost an edge in itself. Then take into consideration the fact that Forex commissions scale down with the trade size and it’s a no-brainer.
P.S. Nearly all of my Forex trading is automated and I wouldn’t even want to begin to imagine how I would make that happen on the CBOE.