Hey Oc6oph, The answer depends on what your country your from. This link will help: Oanda Withdraws Generally speaking, you can withdraw by the means you deposit. If you deposit 10K via debit card, you can withdraw 10k via debit card. You can always ...

OANDA Discussion

Hey Nivad, Thanks for the reply. Now I understand where you are coming from. As long it works for you, great. There is no wrong way to trade as long as you are happy with the results. Keep learning and perfecting a working strategy with sound money ...

Trend Trading

Hey Nivad, I think maybe the statement "setup" may be viewed differently by different people. What is your definition? However, I would like to understand how you decide what makes a bad, good or great setup in your mind? Does it differ much than my ...

Trend Trading

I call all trading S.W.A.G. (Scientific Wild A$$ Guess) - Ric

Trend Trading

Hey Forexkongs, I think its more like that is one rule more than it is the number one rule. I have some colleagues that only trade counter trend and make a good return doing so. I myself am a swing trader on the daily charts. I do not always trade ...

Trend Trading

Hello Graviton and all, I have to say there is some interesting conversation going on here. My current portfolio is what is colloquially called "The Majors". In truth, I believe that no matter what pairs or sets you trade, the way the FX market ...

Trend Trading

Well to be fair, I am logged into Oanda all day every work day between 1 pm and 6 am EST but my trades take place between 4 and 5 PM EST although I do adjust trades at any time. However, I stand by that I have not had an issue with Oanda the way I ...

OANDA Discussion

Hey All, I feel compelled to say something. As A few have mentioned, what 'works' is very much subjective. What is your definition of 'works'? What is your trading model and money management scheme which is absolutely more important than trading ...

What works, and what doesn't

Really? I find the units make for tighter control over money management as well as calculating exact risk. Maybe it's just me. - Ric

OANDA Discussion

I am courious. What country are you guys trading from that keep having these disconnect problems? My Oanda (USA) is online all day and I never have those issue. I am talking about LIVE only not Demo. -Ric

OANDA Discussion

Hello All, While it is true that 95% of Forex traders fail, it is also true that about 95% of small businesses fail within the first 5 years. Well, Forex is a business. When just starting out, you are running a small business. The issue I find is ...

I plan to quit forex!

Hey cuchuflito, No, I am no agent lol. I guess we just had a miscommunication. No harm no foul. I have been a client of Oanda since 2006 and have never had an issue with anything. So I do try and help others on how brokers work, especially Oanda who ...

OANDA Discussion

Hey There, If you plan on hold positions for a long period of time, you need to take into account wide spreads for low liquidity time and weekends. If you tighten your stops so much, you may need to adjust your money management rules. You seem to be ...

OANDA Discussion

Hey there, All pairs charge & pay interest. Use this link to help you. Currency Interest Rate Calculator - Ric

OANDA Discussion

Hey there, You can start with $1.00. -Ric

OANDA Discussion

Not sure where they get the data they use but this is a live shot of my spreads. - Ric

OANDA Discussion

Hey Sorry for the late reply. FXchoice is based in Belize. So I myself would not use them. In the USA there are only 3 FX brokers. Anyone else is either offshore or a IB for one of the other 3. - Ric

OANDA Discussion

I find it funny how people try to puff themselves up by pretending to have knowledge on something. Why does anyone care who uses what broker? Personally I use Oanda, have so for 12 years. My spreads are always between 1 -1.5 when I make my trades. I ...

OANDA Discussion

My point was to keep things in perspective. Take it how you like. You trade the way want but do not think your smarter or better or have more knowledge than the worlds top traders. If you did you would be working with them. - Ric

Realistic Monthly Trading Profit?

Yes you should always use stop loss. I am not going to argue with anyone who says they do not. It is a question of style. If you feel comfortable and are successful without stop loss, great. Try this JsnSolomon. Since you are new, look at using a ...

Trading without stop-losses