Oanda vs Forex.com 2020 - Which Is Right For You?

Insuring margin account

Hi there,

My husband and I have been working on forex trading for a few years, and we are getting rather close to using trading to "retire" from traditional 9-5 jobs. Our concern, though, is that it looks like just about every US broker is uninsured and state that if the company becomes insolvent, they may liquidate all margin accounts. Oanda, for instance, states "In the event OANDA should become insolvent or file for protection under the bankruptcy laws, it is possible that you would lose the entire amount in your Margin Account. "
My question is if anybody here has found a way to "insure" the account to avoid this problem. The last thing we want is to pour our lives into it and rely on it, only to fall victim to a companies failure. I know, I know, its unlikely. But so was Lehman Brothers, and call me paranoid, but I am not one to want to rely on a corporation to put its customers first.
Thoughts?
submitted by FireflyFreak to Forex [link] [comments]

What are the best platforms for both Forex and Futures trading?

Hey guys, hope everyone is doing well! I have searched on this sub to help find this answer, however every post is in regards to only Futures or only Forex platforms.
Seeing if you could please offer some feedback in regards to the best platform to use that includes both Forex and Futures trading? I understand that I would probably need to have different brokers for each, but I would like the simplicity of having both in one.
For instance, is trading-view a platform that you can trade both Forex & Futures? If so, do you personally use it for both, or do you have separate platforms for each?
I have been paper trading Futures on Ninja Trader 8, and do enjoy it, however I never read any info/reviews about using Ninja Trader 8 with Forex trading so I am skeptical.. although they say they can with; Oanda and Forex.com.
FYI - I have my TDAmeritrade/TOS account for Equities and Options. (I wouldn't use TOS for Futures at this moment due to the high margins, and looking for low margins as I will be using small capital to start <$2,000.)
Any help will be greatly appreciated, and I look forward to hearing from you. Thank you in advance!
submitted by cooliomattio to Daytrading [link] [comments]

USA - TD Ameritrade vs OANDA?

Hello, I am located in the US and have opened a demo account on both Oanda and TD for the past 2 years. I have found both platforms suitable to my needs (fxTrade and ToS), but am confused by all the fine print and am looking for pros and cons of each brokerage?
I use TD for my IRA and at one point another investment account, I like the fact they have physical locations in my area, customer service reps, established company, etc. On the other hand I know Forex trading is just one service they offer (not a primary focus I am sure) and dislike the $2,000 minimum requirement.
I understand Oanda to be a reputable broker with great service, but my primary concern is getting my money out, associated fees, finance charges, etc. I would ideally like to keep withdraw money as I make it (i.e. I make $100, I would like to be able to easily transfer that $100 to my bank account with NO FEEs at anytime).
My plan is to fund an account with $2,000, but I do not want to re-buy in if I lose it all, and in the case with TD if I lose $500, I can no longer trade on margin (I believe). I also do not want to be on the hook for additional money if I lose it all as well. I plan to scalp/swing/day trade (in my demo accounts I think the longest I have held an open position is like 3 hours), and when I trade I do not plan on leaving my computer screen and monitoring my trade in addition to setting limits, so I will hopefully catch myself before I fall too far.
I guess I am looking for anyone's experience (located in the USA), positive and negative, with either or both brokerages.
Thank you.
submitted by SuccessfulCable0 to Forex [link] [comments]

I have a one-off question about trade losses and ending up in debt

So Im thinking about learning the Forex trading, using Oanda most likely. Anyway, this is what I was wondering...
Ive done very little reading on this so bear with me. My basic question is, say I throw 250$ into my account. Can I loose more money than that and then be in debt to the broker? This is assuming that I use stop loss.
If it IS true, that would be only if the market crashes hard?
I know this is a noob question, but If its possible that I can end up in say 1000$ debt over $250 then to me its not worth me dipping into. It seems rare though.
Thanks guys!
submitted by MOEB74 to Forex [link] [comments]

What are the best brokers for building a small account? If I use a lot of leverage, will short-term price swings wipe out my account if I'm swing trading?

submitted by StockChartist to Forex [link] [comments]

Crypto Trader Turned Forex, Need Help I have 100k

Hello im a crypto trader, ive made many trades from october to now, from 400$ to 4.2 million, i now want to start trading the forex with 100k
My method of trading involves using 50:1 margin with all 100k on leverage, (ive tried this on the demo) this how i did in crypto, i was extremely successful with demo accounts
My question is will i able to duplicate the same results using platforms like OANDA or should I look somewhere since i need my orders to be filled semi instantly and i usually sell at 10k profits usually so 3-10 pips,( is this feasible with my margin on a platform?)
Ive tried searching online but most people dont seem to follow this strat
EDIT: i dont really reddit much and just made this account when i was young and a troll so i dont know if im doing this reddit thing right i receive a ton of usefull information and help and even some job offers, some people actually recognize who i was from the crypto community , im going to continue my research and probably enter the forex market; the latest in june, so expect an update from me mid/late summer
Thank you all for the help and information you provided! i hope it helps others who had a hard time finding stuff like this online like me!
submitted by LyteuRinTrouble to Forex [link] [comments]

Backtrader + IB

I have spent over a week learning and implementing Backtrader to backtest and then trade forex with IB. At least once during that process I read IB's leverage/margin policy and concluded I can trade major forex currencies with leverage of 20-50:1.
Today I discovered they don't allow leverage for forex with U.S. clients. I am really upset.
I see backtrader supports Oanda but their spreads are lousy and my algorithm will involve lots of short trades -- I need tight spreads.
Any suggestions? Do I need to go offshore?
submitted by leecallen to algotrading [link] [comments]

Currency exposure offsetting for margin positions

Hi All,
I unfortunately have zero experience in the forex markets, and I am unsure if something like this has already been asked and answered a dozen times, but I have a question I am hoping you can help me with.
I would like to know if there are forex brokers out there that provide margin based on net currency exposure and not just currency pair position exposure. For example, say I have the following positions:

Pair Price Position (+ for long; - for short)
EURUSD $1.1552 +€100,000
GBPUSD $1.2914 -£89453.3
EURGBP £0.8937 -€100,0093

I apologize if I screwed up the quoting conventions, but the idea is that I have entered into three leveraged positions with effectively net zero exposure to any of these currencies. If these positions could be settled as is, I would be left with close to a zero net change in my brokerage account. I am wondering if there are forex brokers that will give a trader back some margin to be used to open other positions when existing positions like these are open. I understand that there is still some risk that one of these pairs can become dislocated from the market, but I would assume that to be swiftly corrected by arbitrageurs. If this is a stupid question because many brokers do this (I only briefly looked at OANDA's margin requirements), please point out to me a link or document that goes over the mechanics of this. If no brokers do this, I am curious to know why you think they don't.
submitted by funkinaround to Forex [link] [comments]

TD Ameritrade and Forex (Gain)

So the general idea is that TD is an introducing broker to Gain (Forex.com) and it even says on the sticky info thread here. Thing is, I pulled up both live accounts and Forex.com and TD do NOT have same spreads. TD also has floating margin requirement that is not present on Forex.com.
Right now there is 3% margin requirement on EUUSD while Forex.com has usual 2%.
Forex.com usually has 1.2 - 1.5 pip spread on EU while TD majority of time is 09 to 1.0 pip spread.
USDCAD spread is 0.2 - 0.4 pips worse on TD than Forex.
So clearly there is some differences here.
Meanwhile ATC is completely identical in everything to Oanda.
So what is TD ameritrade??
submitted by Mozdar to Forex [link] [comments]

Trading overseas? Volume/Time related.

So I've been interested in trading for awhile. Dabbled in stocks, fx, and crypto in the past, but want to take it more seriously. I'm trying to decide on which market or product to focus on first. But, I'm currently living in Japan which severely limits what markets I can trade due to market open/close and time differences.
Stocks are off the table. I've narrowed it down to: futures, forex, or crypto. I'm using http://forex.timezoneconverter.com/ as a reference
Futures - Seems appealing given the basically 24/5 markets. But volume looks really low during off hours. NYSE open is around 9pm-5am local time, which does work well since I do have a day-job, but worry I may get stuck in a position for hours and lose a bunch of sleep. I like being able to focus on a single future, like the ES. Commissions are relatively low as well, with good leverage. Currently the most appealing option.
Forex - Real 24 hour markets. Volumes are high almost all-around, and similar to futures can focus on a single pair such as USD/JPY or USD/EUR at the beginning. Unfortunately as a US person I'm not allowed to open accounts with many ECN brokers. Oanda seems like the only real option, but they are a MM. Anyway spreads/commissions are big here and dependent on the broker, and I can't seem to find any other good brokers for FX which allow US clients. Maybe I'm searching for the wrong things?
Crypto - The dark horse. I would 100% be day trading crypto if: exchanges weren't crappy compared to real trading platforms, nor was I worried about hacking. Margin rates for shorting crypto also sucks, and given the current bear market it seems stupid to get into this only being able to trade long.
Given my situation, what would you trade?
submitted by Zerve to Daytrading [link] [comments]

Great new exchange is available now and it won't have the banking problems current ones are facing now

With the banking problems and hacking scandals plaguing crypto exchanges still to this day, a new semi-decentralized exchange is here just in time. I really believe this is the exchange of the future.
I know that not many of you are familiar with Lykke yet but it's an amazing startup exchange from Richard Olsen, Forex Person of the year in 2016 and the co-founder of Oanda, the fourth largest Forex trading platform in the world today. If that's not enough to get you excited, the company is based in Switzerland and will hold no assets of their own. They simply provide a matching engine for exchange between buyers and sellers. This type of zero-fee trading service is similar to the Robinhood app for stock traders which recently received a $1.3B valuation.
Lykke has been in development since 2013 and is now getting started to deliver big on its promise. It's still in app form but the desktop client and margin trading will be available soon. Sorry, not available in U.S. and AU yet pending regulatory approval but that's coming soon too. Any questions, I can help answer or they have a great team on Slack.
https://lykkecommunity.herokuapp.com/
edit: to remove double negative and to say no, I don't work for Lykke. but I do love it
submitted by sy5error to BitcoinMarkets [link] [comments]

Forex in Canada. Some advises.

Hi good people,
I am returning to Canada from my abroad job and planing to settle there for a while. If someone who is trading Forex from Canada could give me his/her opinion on the following concerns I will be very thankful:
  1. Is it worth organizing corporation to claim my profits? I have friend with different type of business there and he stated him and his wife have corporation and they just take dividends, this way they don't pay that much taxes. Plus any business is insured if you are corporation. Taxes are somewhere around 16%. My plan is to build my account to certain level so next 5 I wont withdraw money from there. However, still have to claim it as income and pay taxes.
  2. With the current regulations about the Forex market in Canada I am a little bit concerned how my strategy is going to work. These beautiful rates make me shiver. I trade silver and 22% margin is just killing any enthusiasm. Already opened training Canadian account and not very excited from the rates.
That's it! Thanks in advance and everything you share will be greatly appreciated.
submitted by panaka09 to Forex [link] [comments]

[Newbie] Please comment on my trading strategy. Thanks

Hi guys, I've recently taken up intrest in the forex trading market. I have created a 800USD demo account with OANDA to try out a few trading strategies. I've been doing something that gives me quite good returns and I thought that I must be doing something wrong. The only indicator I use is the RSI. So my strategy goes something like this.
  1. Find a Pair, be it metals or currency, that has a RSI around 70 or around 30.
  2. Place a buy order with a volume of 0.3 if it's near the 30's range and set a take profit of 4 pips.
  3. Place a sell order with a volume of 0.3 if it's near the 70's range and set a take profit of 4 pips.
  4. Rinse and repeat
Because of this, I do not have a preferred currency pair that I trade often. I just go with the RSI readings. I've been consistently seeing that the RSI values bounce back to normal ranges shortly after touching the 30 or 70 mark. My question here is that, what are the potential by problems of using this strategy long term and what is the risk of me losing my margin. Im sorry if anything I say is wrong or irrelevant, I'm new to this, your expert guidance would be much appreciated.
Edit : Changed an incorrect value
submitted by bluevacummpump to Forex [link] [comments]

Can you trade forex without using margins?

I'm American and specifically asking about using FXCM or Oanda as an individual investor. Since a lot of people here use them, do you know if I can trade pairs without using margins, or at least with minimal leverage?
My reason for getting into forex is that I want to take a position against China and short the yuan, but I am not looking at this as a short term position, I am thinking I might hold it for 2-3 years. I don't want to rack up a bunch of interest/fees. I would rather just buy outright shares of USDCNY or USDCNH as if it were a stock, and if the yuan drops vs the dollar, the price goes up and I make money, or vice versa.
So am I crazy or is this possible?
submitted by pewpsprinkler to Forex [link] [comments]

Two important dates

Normally, I would not post this as we should all be adults and know how to use a forex calendar and read the news. However, a rash of posts both here and abroad on the net that essentially are asking how to get megapips off of the Brexit vote have me concerned, so here we are. Also, people seem to be overlooking the big elephant in the room, the June FOMC.
Short version:
WED JUNE 15 1400 EST FOMC STATEMENT Whether you like it or not, the USD touches everything you do, like those bad decisions you made in University.
THURSDAY JUNE 23 UK BREXIT VOTE This really could be underwhelming.... or it could be horrific.
If you are a n00b, stop trying to get rich off of the Brexit vote. You need to concentrate on successful, positive trades, not big wins. Go gamble if you want that rush. The Brexit vote is one of those events that can cause such precipitous damage to accounts that Brokers are limiting retail leverage and raising margin rates: (from Oanda)
Dear Huachi
During events such as the upcoming Brexit referendum, market movements can be significant leading to the potential for large profits, but also large losses. To help ensure our customers are more insulated from such movements, we will be temporarily lowering the maximum leverage available on GBP pairs to 20:1 after the market close on June 17, 2016. The affected pairs will return to prior leverage levels after the market close on June 24, 2016.
As a result of this change, you may need to close trades or add funds to your account or risk a possible margin closeout if you currently have an open GBP positions with higher levels of leverage and do not have enough funds in your account to cover the increased margin requirements. To determine the impact this change may have to your margin, you can use OANDA’s margin calculator.
Margin rates on pairs not containing GBP will not be affected.
If you have any questions, you can contact our Client Experience Team whenever markets are open.
Regards, The OANDA Team
And FOMC? The June FOMC is not just any FOMC, it will really be a bellwether for 2016 for the Fed's direction with interest rates until election and Christmas. Will they stick to their word and raise rates? Or change course and have a flat rate, showing their weak hand? There are estimates in both directions (some showing preciptious cliffs, some showing seismic movements back and forth), but again, unless you are confident in your analysis, market intel, and skill set, pay attention because the June FOMC has a potential for a radical whipsaw.
I'll take this down in a few days, it is not a soapbox, but there is some real shit in the market right now that has capacity to wipe out accounts. Noobs watch out, you pros too!
~Huachi
submitted by El_Huachinango to Forex [link] [comments]

Help me to choose a broker -- Oanda, FXCM, forex.com, FXDD

Hi all,
I posted this thread on a Forex forum, I re-post it here hoping to get more advice.
I live in China, and I'm a newbie to Forex trading. I plan to deposit 5,000 USD to experiment Forex trading after I get used to the demo account. After I'm OK with 5K USD, I may invest not less than 10K.
I'm struggling to choose a broker, here are my criteria,
1, Allow hedging. I'm 100% wanting this. Indeed I'm not going to hedge the same amount of money at the same time to earn quick money (which is often used in big news event). What I want to do is, I have a long term position which will be there for several weeks, then I do some short term positions (intraday or several days). That's possible that I have two positions in two directions at the same time.
2, Money safety. During my Googling, I found that some brokers close a trader's account just because he/she earns too much money.
3, 100:1 leverage. 50:1 is not too bad but 100:1 gives me more flexibility.
4, Prefer to NDD (ECN or STP), but DD and MM is acceptable if money safety is guaranteed.
5, Regulates with NFA or FCA.
6, Support depositing using credit card. This is cheapest way for me, at least cheaper than wire transfer.
7, Easy to open an account. I prefer to open an account via internet only so I don't need post a lot of certifications to the broker.
The other points except 1 are tolerant, but I really want point 1 and I think it will be important to me.
Now comes to the brokers I've done some research on. I've checked a little with Oanda, FXCM, forex.com, and FXDD.
Oanda, the most money safety one. 50 leverage. However, it doesn't allow hedging.
All other brokers in my list are not as same money safety as Oanda.
FXCM, the one that's really annoying me is the margin. Why margin for a lot of EURUSD is $750? That's really weird and is not connected to the real price. Can any one explain to me?
Forex.com, as big as FXCM, but in the event that ECB put down the interest to 0.25% at Nov.7 this year, a lot of Chinese traders get network error and lost money. That scared me.
FXDD, not as old as Oanda, and not as big as FXCM and Forex.com, and registered in Malta...
So, what's your advice of a proper broker for me? The one not on my list is OK too.
Thanks
EDIT: another disadvantage of Oanda is that they have 6 candles a week, but it's a trivial problem since I can use other broker's MT4 for technical analysis.
submitted by wqking to Forex [link] [comments]

How to transition from Demo - > Real

Hey All,
TLDR: I have been trading w/ Stop-Losses and Take Profits, and have been successful in a Demo environment. How can I transition properly into a real-money account ($1000, 1:10 margin)?
I've been reading into Forex for the past 2 months, listening to some podcasts (traderspodcast for one), watching some Tech Analy videos on youtube, babypips.com, and recently trading on MT4 + Oanda's demo.
I started with a $5000 demo account on a 1:100 margin, about a month ago, and am now sitting at $25000. I realize this is with a 1:100 margin which increases potential for growth/loss and a demo account doesn't have the same psychological implications as a real money account.
Does anyone have any suggestions/recommendations/experiences in this transition?
Thanks!
Edit: Thanks for the overflow of responses! Lots of great reading and advice from all of you. To help myself (and others) I plan to set up a blog for myself documenting this transition talking about the "mental battle" and issue's that pop up. It would be sort of a "diary/reflection" on myself and my trading attitude as of right now and where I am in the future to help me see how I've matured as a trader... to help me become a better trader :)
submitted by VJain8905 to Forex [link] [comments]

New to learning forex. Some questions. Thank you.

Hi All!
I am currently learning about Forex at Babypips.com. There are a couple of questions on my mind that I would like to ask. There are some things I am still not sure about. I am currently learning about the technical aspect of it. I signed up for a Practice Account at Oanda.
I am still very new to learning Forex so some of these questions are very basic, do bear with me. Thank you.
1) Margin: I understand that margin is the money you deposit to the broker to control a larger funds. My question is, I use a 10:1 margin. I deposited $1000, so I get to control $10,000. What if I lose all the "$10,000". Do I owe the broker (in my case Oanda), $9000? Since I am technically, "borrowing" the other amount.
2) Amount paid to broker: If I am understanding this correctly, Oanda earns from spread.
For example, EUUSD 1.2920/1.2924 The spread is the difference, which is 0.0004. 4 Pips. Am I right?
Supposed I buy 10,000 units of EUR.
10,000 x 1.2924 = $12,924
In this case, how do I find out how much am I going to pay the broker?
3) Is there an hidden fees incurred, if I hold on to one trade for a few days/weeks?
submitted by Zesi to Forex [link] [comments]

How to calculate the margin and pip value of CFDs (such as Stock Index), specially, Oanda CFD?

Hi all,
To extend my vision, I start studying CFDs, such as Stock Index, Oil, Commodity, etc. Unlike Forex, I don't understand how margin and pip value is calculated for Stock Index and other CFDs.
I tested with Oanda CFD, seems the margin for 1 unit UK 100 is about $10000, and 1 unit Brent Crude Oil is about $50. Seems the margin for BCO is just the price of the oil, but how about the Stock Index, what's the price?
Thanks
EDIT: the margin I talked above is the total money required, not leveraged. And the leverage provided by Oanda is 50. So the leveraged margin for 1 unit BCO is only $1.
EDIT2: Though on Oanda forum nobody answered my question about what the multipliers are, eventually I realized for fxTrade the multipliers are just 1, but different conttacts are quoted in different currency. FTSE is quoted in GBP, so 1 contract value is 7000 GBP, which is about 10000 USD, which is exactly how I observed. And the pip value is always 1 quote currentcy. For FTSE, the pip value is 1 GBP, which is about 1.5 USD.
submitted by wqking to Forex [link] [comments]

How Should I Model a Spread for Commissions in Simulations?

I'm still doing a lot of backtesting of some software I have been writing to try to trade forex. I got to the point where I realized that I don't understand commissions with forex brokerages. I'm kind of hoping I'm being unnecessarily cruel with myself in the commissions I'm charging to myself.
I have some EURUSD data I downloaded off of dukascopy that I've been using in the simulations. I saw on Oanda their average spread for EURUSD these days is 1.2 pips. It can go down to 0.8 and it sometimes spikes above that. So what I have been doing in the simulation is using the next bar's closing price, plus 0.00012 for my long entrance price. For exiting a position, I use the next bar's closing price, minus 0.00012. I was looking at that and was wondering if I'm actually using a spread of 2.4. Am I being too hard on myself?
I assume that brokerages that charge a spread don't really change anything based on amount of margin used, because it's reflected in the price used in the transactions. Is that true?
I also wondered if brokerages that charge a spread just bake it into the prices in their data feed.
I've seen a lot of advice to just open an account and start trying it out there. I'd like to forward test, but I really don't want to go through all the motions if I've proven my strategy is already too risky for my tastes without all that.
submitted by rockobonaparte to Forex [link] [comments]

Getting Started

Hey guys! I found a super cool list of everything a new forex trader would need to get started! Originally made by to nate1357. Link to original thread http://redd.it/328cjr
Free Resources
Education:
www.babypips.com/school
www.informedtrades.com/f7
www.forex4noobs.com/forex-education
www.en.tradimo.com/learn/forex-trading
www.youtube.com/useTheTradeitsimple
www.traderscalm.com
www.orderflowtrading.com/LearnOrderFlow.aspx
www.profitube.com
Calendars:
www.forexfactory.com/calendar.php
www.dailyfx.com/calendar
www.fxstreet.com/economic-calendar
www.forexlive.com/EconomicCalendar
www.myfxbook.com/forex-economic-calendar
www.investing.com/economic-calendar
Free News Websites:
www.forexlive.com - Daily live news, analysis and resources
www.financemagnates.com - FX industry news and updates
www.fxstreet.com - Daily news, analysis and resources
www.forextell.com
www.forexcup.com/news
www.bloomberg.com/markets
Forums:
www.reddit.com/forex
www.forums.babypips.com/
www.forexfactory.com/forum.php
www.elitetrader.com/et/index.php
www.forex-tsd.com/
www.fxgears.com/forum/index.php
www.trade2win.com/boards
Margin / pip / position size calculators
www.myfxbook.com/forex-calculators
Brokerages:
There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice. After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels. Once you’ve narrowed that down you can compared spreads and execution. ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market. Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy.
www.forexpeacearmy.com - Aggregates broker reviews. Be warned though that people only seem to make bad reviews.
www.myfxbook.com/forex-broker-spreads - Live comparison of executable spreads
United States & International-
-Interactive Brokers
International Only-
-LMAX (whitelabel DarwinEx)
*DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified
-Dukascopy
*ECN based in Switzerland, but available elsewhere depending on local regulations.
*Tight spreads *Minimum deposit $100 *Fairly well diversified
-IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified
-Pepperstone
*ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified
Software / Apps:
Desktop/mobile
Terminology/Acronyms:
www.forexlive.com/ForexJargon - Common terms and acronyms
FAQ:
I need to exchange money, how do I do it?
This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee.
I have money in one currency and need to exchange it into another sometime in the future, should I wait?
Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it.
I have an FX account, should I start trading demo or live?
This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance.
What’s money management?
Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered.
More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp[35]
www.swing-trade-stocks.com/money-management.html[36]
What about automated trading?
Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams.
What indicators are best?
That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc.
What timeframe should I trade?
Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades.
Should I trade using fundamental analysis (FA) of technical analysis (TA)?
This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint.
I’ve heard trading Binary Options is an easy way to make money?
The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX.
Am I actually exchanging currencies?
Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another.
Why didn't my order fill?
Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
submitted by ClassicalAnt6 to TeamOceanSky [link] [comments]

Beginner Margin Question

I've recently begun studying forex trading. I opened a practice account with oanda and was funded $100,000, which with their 2% margin rate would require a $2,000 deposit from the investor? I sold a large amount units of EUUSD (I realize this was a very unrealistic/foolish investment for my amount of capital, but I just wanted to see how it would move) Well I got lucky and it dropped about 50 pips for a $5,000 profit. My balance now shows about $105,000usd. My question is, do I hold a 2% share of the 105,000, leaving me with an actual profit of $100 or is the profit solely mine and I now possess $7,000. Thanks
submitted by skye14 to Forex [link] [comments]

Oanda - Changing Funds or Leverage - Forex Trading Tutorials & Strategy Let's Talk About: Oanda - Are They A Good Broker? - YouTube My Oanda Forex Broker Honest Review !! - YouTube How To Link TradingView To Your Oanda Forex Broker Oanda - Changing Funds or Leverage - YouTube Oanda Platform - Beginner Tutorial 101 in less than 10 ...

See OANDA's margin rules for information on margin, margin closeouts, and how they can affect you. Warning: These figures are subject to change when NFA requirements are updated. To avoid margin closeouts, ensure you have sufficient additional margin in your account at all times to address updated margin requirements. The Commodity Futures Trading Commission (CFTC) limits leverage available to ... Access real-time rates for all the major FX pairs, plus up to 25 years' historical exchange rates across 38,000 forex pairs. See converter. FX Data Services. Discover OANDA Treasury, Exchange Rates API, Historical Currency Converter and Corporate Payments solutions. See our services . See all partners. Currency Converter. OANDA Rate ® data currency calculator. Touchstone foreign exchange ... OANDA hosts one of the longest-standing forex forums on the web. Since June 2000, our forum has given forex traders a vehicle for sharing views, airing grievances, and learning from each other. Membership in the OANDA Forex Forum comes with searchable access to diverse topic threads dating back to the very first forex forum posts. Join in on the discussion with fellow OANDA traders by signing ... Founded in 1996, OANDA is regulated in six tier-1 jurisdictions, making it a safe broker (low-risk) for forex and CFDs trading. OANDA's offering of research tools, news, and market analysis is excellent. With pricing, we found OANDA offers slightly better than average rates but still trails discount leaders CMC Markets and IG by a wide margin. Abusive margin, slippage and liquidation practices. The charge was settled out of court, with NFA mediating. In 2019, Gain Capital Group, Forex.com’s parent company, was cited. This time, the charge resulted in a $50,000 fine – so low as to be nearly free. The charge was related to a malfunction in the forex giant’s electronic trading platform. While it is never a small deal to be cited ... The Margin Calculator will help you calculate easily the required margin for your position, based on your account currency, the currency pair you wish to trade, your leverage and trade size. "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this website are the property of their respective owners. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise ... Margin call alert emails are sent at 3:45 p.m. (EDT) daily. Margin call emails will only be sent out if your account falls below the regulatory value. You can avoid margin closeouts by reducing the amount of margin you are using. This can be done by closing some trades or by adding more funds to your trading account. Find out more about our margin closeout rules. Note: In a fast moving market ... I'm unable to create a new thread, thus seeking help in this thread for margin call. I have the same issue, but it was due to an absurd spread. I have attached images for reference, my trades was closed off due to this. My trade was Sell NZDCHF @ 0.69265 spread was at 1611 and my trades got forced closed with negative value. Is there anything that I can do? I have attached an image showing the ... "OANDA", "fxTrade" and OANDA's "fx" family of trademarks are owned by OANDA Corporation. All other trademarks appearing on this Website are the property of their respective owners. Leveraged trading in foreign currency contracts or other off-exchange products on margin carries a high level of risk and may not be suitable for everyone. We advise ...

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Oanda - Changing Funds or Leverage - Forex Trading Tutorials & Strategy

This shows you how to login to your Oanda account and quickly change the leverage or the amount of funds you are trading. by Vance www.forexartofwar.com Hey everybody, please read the legal disclaimer below. I decided to do a quick video on how to use Oanda's platform to trade Forex. Feel free to message me w... 📈 Learn more about Oanda and get rebates on every trade: https://d2t.link/oanda In this new series "Lets Talk Brokers" I'll be reviewing different Forex brok... Recorded with https://screencast-o-matic.com OANDA Forex Education How to Avoid a Margin Closeout? - Duration: 4:12. OANDA 4,413 views. 4:12. How to Place Buy and Sell Orders on OANDA Web Forex Trading Platform - Duration: 10:11. 30-50% profit as a US forex trader at OANDA. My US hedge forex trading strategy shows the way. My US hedge forex trading strategy shows the way. - Duration: 32:00.

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