[tommogriff]

Hi,

Please can you give your advice on whether i should trade currency spot or futures? I like futures because i feel i have a better knowledge of them and the fact you trade in "lots" you know what you are getting in terms of "pounds per pip".

However i would consider myself a novice and i have heard it suggested that novice traders should familiarise themselfs with the market by trading the spot price. And also you can start trading in smaller amounts.

However trading the spot confuses me because you dont trade in "lots" it seems like exchanging money at the travel agents on a larger scale. I am not sure how much of a currency i would have to buy for one pip to equal £1 credit/debit per movement, I'd appreciate your comments.

Also if you could suggest any comapnies to trade through that handles UK accounts i would appreciate it,

thanks for your time