Is Oanda a safe broker?
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Thread: Is Oanda a safe broker?

  1. #1
    Hi guys,

    I've a bit of cash that I want to trade with. I've been using OANDA for a couple of decades and have found them to be an superb broker. I know they're a market maker/retail broker, and that I know about the the rumors of stop searching and what not. However, I have not found them to be faulty in any way.

    However, now that I've 10000, that is a bit of cash for me, I would like to invest, I am concerned about security of my cash. If I change to can I just stay with oanda or ECN. Thank you

  2. #2
    Interactive brokers ask $10000 as minimum, best Security of all Foreign Exchange brokers

  3. #3
    Among the valuable things that an online forex trading course can show you is how valuable 20 pips a day is. .

    1 typical lot at 20 pips/day = $200/day = $50k/year
    2 regular lots 20 pips/day = $400/day =$100k/year
    3 typical lots 20 pips/day = $600/day = $150k/year
    5 typical lots 20 pips/day = $1000/day =$250k/year
    10 standard lots 20 pips/day = $2000/day = $500k/year

    If you had been obeying 2 percent risk management, then it is possible to multiply your account about 5 times a year. . At 4% risk management, it is possible to multiply your account about 10 times. To demone. .

    If you have a $10k trading account and you are trading at a 2 percent risk, then you are able to risk $200 per trade (2 percent of 10k = 200). This means you can trade 1 lot using a 20 pip stop and 20 pip goal (1:1 risk reward, least acceptable).
    If you're able to make 20 pips/day on avg with that 1 lot you will make 200/day=1000/wk=50k/year. .

    So, you just made a $50k/year income using just a $10k account!! Only risking 2%. Most traders dont appreciate the leverage we get, and risk manner too much blowing their accounts until they understand what went wrong!

    At a less conservative 4% risk management degree, you could risk $400 percent10k. Using the same 20 pip model, we'd exchange 2 lots with 20 pip stop and target. 20 pips/day would equal $400/day=$2000/week=$100k/year. So, a100k income was attained using a $10k account, with the same 20 pips/day egy.

    What's important is that we never need to try for more pips/day, thats overly difficult and beginner forex traders have a tough time realizing this. It is beneficial to be consistent at a few daily pips and then increase your lot size as your account grows.

    Btw, this is NOT compounding, this will be taking your profits outside every week. If you were to leave the money on your account and boost your lot size in accore with your account balance you would see profits.

    Ideas?

  4. #4
    that I do not understand how my 2 TPs of 6 pips each were both by-passed. The candle past my Targets by 14 Pips. Can anybody assist me? See chart below:


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