Why trade 4X?

[ken_all]

Why trade 4X?
I don't get it.
Trade 4x and you pay bid/ask diffrerential plus 2 to 3 pips.
Trade on the CME a similar product and you can BE the bid or the ask. Plus the commissions are $4.50 per R/T.
Won't the CME trading against/with their Computer eventually wipe out 4X dealers as it has almost wiped out outcry trading in Chicago?
Best,
ken_all
Clearwater Fl

 

[Claudia123]

Why trade 4X?
I don't get it.
Trade 4x and you pay bid/ask diffrerential plus 2 to 3 pips.
Trade on the CME a similar product and you can BE the bid or the ask. Plus the commissions are $4.50 per R/T.
Won't the CME trading against/with their Computer eventually wipe out 4X dealers as it has almost wiped out outcry trading in Chicago?
Best,
ken_all
Clearwater Fl

Trade fx coz its a highly liquid market and most major pairs trend well. I trade EUR/USD daily with a spread betting company and gains are tax free (UK). 2 pip spread no commissions.