Thread: Oanda platform driving me nuts!

If I were in your shoes I'd remain with Oanda. With other brokers you're going to be forced to risk at least 4%-5% per trade that's much too much. You won't get a chance to use the most essential ability whatsoever, risk management. At least with Oanda you can exchange micros and give yourself a chance to learn something. In terms of leverage, you shouldn't be considering more than 20:1 in my frank opinion.


Steve

Originally Posted by ;

Originally Posted by SterlingTDR

If I Had Been in your shoes I'd stay with Oanda. With different brokers you're going to be forced to risk a minimum of 4%-5% per transaction which is much too much. You won't have a opportunity to utilize the most essential skill whatsoever, risk management. At least with Oanda you can trade micros and give yourself a opportunity to find out something. In terms of leverage, you should not be contemplating more than 20:1 in my frank opinion.

I don't understand about a live account, but my demo with InterbankFX lets me trade microlots with MT4. Although, I think I remember reading someone else's post that microlots functioned on a live account too. Their website boasts 2 pip euro spreads and automated observation stops.

Http://www.interbankfx.com/

I don't understand how they're as broker because I don't have a live account, and that I don't view them on FF's favorite brokers webpage, but maybe someone else can answer this.

Good Luck,
Jimy

We've got two patrons in the chat room that are unhappy with interbank. At least one of these is moving. I can not speak of these other than that. I've used Oanda, forex.com, and refco.

Oanda's charts do precisely what I need them to. I really don't liket to get too complied. And I enjoy the pip spread that's undoubtedly the best in the industry.

Here is the link to Oanda's trading benefits page:

http://fxtrade.oanda.com/about/about_fxtrade.shtml

I will have to look around more for the carrying to 100:1.

Just drain the demonion down to 0% margin and see teh available continue to grow though the margin available is 0%.

I used that choice to pull in a major commerce on the EUR climb. I knew I wouldn't get called, so I opened with the amount.

I do not do it generally. It would be dumb and dangerous. But the EUR was in a certain push and it netted.

Originally Posted by ;

Originally Posted by MuddBuddha

We have two patrons in the chat room that are extremely unhappy with interbank. At least one of these is shing. I can not speak of these besides that. I've utilized Oanda, forex.com, and refco.

Due MuddBuddha, I'll keep that in mind Once I open a live account!

I really do like the MT4 charts, they simply seem user friendly to me. I guess I could use a demo account chart through Metaquotes, and then trade with Oanda, or another broker. I've utilized vttrader, which I believed was okay, but see a lot of negative opinions about them too.

From what I've discovered here, I wish Tradestation supplied a demo, but to my knowledge they don't. (And to you guys using tradesatation (I think it's because you may trade futures off it and FX ) when in your career did it become worth the money. Or, maybe you had to possess it, or another platform to trade in the first place?)

And I read about feeds on MT4 showing totaly various charts. So if I base a off trade charts in MT4, it might not be accurate on Oanda?

When you guys talk about feeds are you referring to distinct brokerages? And just how can you install different feeds if not with a demo? And Is the demo feed exactly the same as if you had a live account?

I know, lots of questions. The further I read this forum that the more questions I have.

As always, thanks in advance,
Jimmy

Originally Posted by ;

Additionally on a true account is 50:1 leverage everything you get? Despite my demo I can't get 50:1 I attempt to put that choice in and all it allows me is 20:1

I can't assist you with the platform as I do not do Oanda.

Is 50:1 leverage everything you GET???? Man, that is like 10 or 15 times greater than you need!

This 50:1 is the maximum leverage readily available to you. But, you place your own leverage with every trade by the formulation Position Size / Account Balance

Example: you buy 20,000 units at Oanda. Your account is at $10,000 this offer a true leverage of 2:1 and that is plenty. You could push to 5:1 if you are feeling lucky, however I would not recommend it until you've got any expertise.

Only trying to help shield you. I hope you do not mind.

Dial

I have been trading with Oanda and previously their charts in which dreadful. They amazed a lot of folks when they released Ichimoku cloud recently. I like them because I can exchange from a secure operating system, Mac OSX. I also like the capability to move my stop by clicking on the chart and just moving it. Very visual. If you think of this give them kudos for the Cloud and then ask them to finish the procedure with Pivot Points.

50:1 is defense for YOU. Leverage is a two edged sword. You understand that you have become a fantastic trader when you go from being worried about just how much money you make or loose into the satisfaction of an excellently executed trade. The game becomes a craft. The money will come if your excitement is in the execution.


Andromeda

Originally Posted by ;

Well since refcos going outta buissness I am forced to find another platform I choose Oanda because I am opting to start with $300.00 First off I cannot discover any noise, I can't here pip motion or my auto closes Refco had a fantastic cash register sound when I put my limit order and it had been fulfilled, if I had been on the sofa I could here it was great, oanda, I can't find a solid option. Where do you find the option to have a stop???? I can't find anywhere on my demo platform. Additionally on a real account is 50:1 leverage all you get? Even with my demo I cannot get 50:1 I attempt to put that option in and it permits me is 20:1 pushing me nuts wanting to use a new platform... I do like the 1.5 pip spread therefore I'll attempt to understand this platform. Unless theres a different platform out there with this tight of disperse and does not care when I open up an account with $300.00 Any help out there guys?


Thanks,

Mike.