I would like to bet on the Hungarian forint to weaken against the Euro. (a) What’s the best exchange and contract for me (I’m a U.S. citizen) to do this with, taking into account volume/liquidity concerns? and (b) what would be a good spread trade — in terms of size and expiry-months — to start with? More generally, am I better doing this with futures than with a forex bank account?
Hi – i would suggest you look at http://www.oanda.com – who offer the euro/huf pair and very low leverage – as low as 1:1. They also have a very good forum and support for their traders.
Whether you trade this pair in the forex or futures market is something only you can decide as so much depends on your capital and appetite for risk.
Hope the above helps.
Kind regards.
Anna