OandA or Interbank FX for 1st live acct - Page 2
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Thread: OandA or Interbank FX for 1st live acct

  1. #11
    As I dont seem to be getting thru ok my last post. Everybody is basing thier opinion on ibfx based on information. Ibfx or oanda , I could care less but I want people to get the appropriate info. In ibfx a standard account allows you to

    1. TRADE ANY LOT SIZE YOU WISH

    2. IT DOES PAY INTREST

    3. THERE IS NO DEALING DESK

    4. IT USES MET4 AND IS NOT HAVING ANY PROBLEMS.

    5. I TRADE THE STANDARD AND I CAN VOUCH FOR THE ACCURACY OF THE ABOVE STATEMENTS.

  2. #12
    Quote Originally Posted by ;
    ok my last post as I seem to be getting thru. Everybody is currently basing thier opinion on ibfx based on information. Ibfx or oanda could care less but I want people to get the info that is correct. In ibfx a standard account allows you to

    1. TRADE ANY LOT SIZE YOU WISH

    2. IT DOES PAY INTREST

    3. THERE IS NO DEALING DESK

    4. IT USES MET4 AND IS NOT HAVING ANY PROBLEMS.

    5. I TRADE THE STANDARD AND I CAN VOUCH FOR THE ACCURACY OF THE ABOVE STATEMENTS.
    I agree. Ive been with them for a year. The best broker I ever dealt with this for.

  3. #13
    Move with InterbankFX... Good fit for folks who trade using a mini-lot...
    Oanda is fantastic for big boys with a lot of funds... So 1:50 leverage is great enough...

  4. #14
    Quote Originally Posted by ;
    as I said before ibfx has not done an excellent job marketing the flexibility they now offer. You're able to trade ANY lot size which you can trade at oanda. More. 100, 1000, 10,000, 100,000.
    Hello Jim, my mistake then, I should read more. Thank you

  5. #15
    I Concur with James16. InterbankFX is great (so far). I have been with them about a month today. AND I AM SCALPING (real money). And doing very well at it. As far as leverage, yes of course it is used by me. Not scared to use leverage when scalping 100:1 on each trade I do. So IBFX is not BS-ing when they say interbank direct coping. I could care less about MT4. I don't need it. I've my own charting software. I like the speed and simplicity of their regular platform. I hate browser based platforms such as Oanda or Forex.com.

    Thanks. My 2 cents worth.

  6. #16
    Quote Originally Posted by ;
    oh..so small boy needs to gamble with 400:1?

    Really there's a valid point for this. . I need to find out if you know?
    Oh! Can you read just half the sentance? Small boys with small capital have no other option to generate money (if they're smart, 1:200 leverage will enable them to raise the account balance)... using a small capital and 1:50 -- uphill battle...

    Even if they burn off that small funding; it could function as ForEx trading course commission -- They better loose 500 than 10000... and they will become a far better traders...

    I like to determine if you know???

  7. #17
    Quote Originally Posted by ;
    Well since you clearly, do not know let me inform you...

    Lets Say you exchange a method, day-in and day-out. You have defined your winrate, stoploss, risk to benefit ratio and drawdown.

    THE ONLY REASON TO INCREASE LEVERAGE IS:

    If you keep on trading the identical way with the same stops and the same Uncle stage DrawDown in DOLLARS and simply want totie less money and to free it up to diversfy out to additional trading systems/instruments or markets, because you can lower your margin requirement at the dealer/marketmaker. YOU DO NOT CHANGE ANYTHING UP. . .THERE IS NO ACCELERATION OTHER THAN THAT. This is a Mechanical Dealer requirement that you are minimizing. It doesn't have anything to do with the way you trade or how quickly you are going to get there!

    This isn't an opinion, unless you believe trading is gambling, then you will not believe me, and it doesn't matter when this is an iopinion or not. I will tell you right now, any powerful, consistent trader will confirm this simple fact that I am telling you. .


    Why do you think that most retail place Forex traders fail. . .Some state it's 95% of them. What's wrong with this picture you are painting?

    That is a public Forum, and how many men and women are you hurting, without explaining yourself?

    Michael B.

    P.S. Please excuse my directness, It is only that I treat gambling as a company, not a game. Trading is my life's work and I am 46 years old and have traded since I was 18 years old (My parents cosigned my Merril Lynch account). Traders and New Traders please do not use an excessive amount of leverage unless you have that reason above. PLEASE. If I could admonish you to lower your expectations....take your own time, you have the remainder of your life.
    Pure old BS wisdom -- and that is not the only motive to raise leverage... This guide will generate more of your so called 95% retail traders... and where did you get that 95% place ForEx collapse statistics...
    LoL

  8. #18
    For people who enjoy margin and leverage...
    http://www.investopedia.com/universi...in/margin3.asp

    Nothing is wrong with InterbankFX (their PAMM is a good option for cash managers to control and trade all of accounts with one click)... I've accounts at both Oanda and InterbankFX...

  9. #19
    Quote Originally Posted by ;
    For people who enjoy margin and leverage...
    http://www.investopedia.com/universi...in/margin3.asp

    Nothing goes wrong with InterbankFX (their PAMM is a great option for cash managers to control and trade all of accounts with one click)... I have accounts in both Oanda and InterbankFX...
    little boys with little capital are usually* inexperienced traders, hence the last line Margin trading is very risky. On the summary page to find the link you've provided is the very reason they need to trade on reduced margin.

    eg. Margin 10:1 on $1000 account trading 50% of account ( not recommending that, only enabling for newbie cluelessness) means that (AUD$):

    $500 = 4000 EURUSD units Every pip = $0.54 If they shed 30 pips on a trade it costs them $16 or 1 percent of their capital. They could make 31 transactions before their capital has dropped by 50%.

    Trading @ 50:1 thay can purchase 17000 units with pip value of $2.27. 30 pip loss = 7% of their capital or $68. 13 losing transactions can be made by them before reducing capital.

    Now extrapolate that to 100:1 or worse 200:1 and see how long it takes an unexperienced trader to shed their dosh.

    High margin is *not* your friend...

  10. #20
    Quote Originally Posted by ;
    High margin is *not* your friend....
    For smart little guys and trolls, Higher margin is definitely a buddy...
    http://www.forex.com/contest_interview.html

    Cheers,

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