Friday, June 13, 2008

Oanda

Next week, I'll start trading on Oanda. We've look through a few brokers and chose that one to start with. The reasons are:
  • Tight spread. Among the non-ECN brokers, which needs higher capital to start account, Oanda actually gives very good spread.
  • Trade any volume/unit you want. I need to start a mini account and Oanda allows you to trade on any volume, or unit as it's called.
  • Reviews in online for them are consistently good and I when I have questions, their online help chat is also really helpful.
  • The online help chat is REALLY awesome.
  • Charts are all online, web based (using JAVA).
The only bad thing I don't like about them is that the charts are kinda hard to manuever. Plus I was used to MT which allows me to 'scroll back' to past data easily, add a TON of (useless) indicators. Now all I have is stochastic and price action. :)

Lets see how I fare on a real account. Been really stressed out this week just to think about that. Hahaha. I guess it's a growing stage I have to get to.

Result this week has been down a bit.

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