MoneyTec Traders Community Forum - View Single Post - Decemebr 20th Trade Recommendations--European Session

sourcerer · 21-12-2002, 18:36

Hi,

It's oanda
hope that's allowed...I'd think so...noone else offers this?)

If you trade one unit there...you actually trade one unit in the base currency, so one pip can actually be $0.01.

It's ideal to play around with because if you trade a bit more (1000 units gives you around a dime a pip), you'll experience something you'll never experience papertrading...wins and losses.

They also allow PayPal funding if and don't need paperwork...nice way to find out if it's your thing without having to go all the way.

As a nice bonus they have a 2 pip spread on EURUSD and 3 on GBP and JPY.

Their platform takes a while to get used to if you traded most other platforms, but it ain't bad at all...just a tad 'spiffy' in my opinion.

What could be considered a negative is that, in order to allow this kind of trading, they do a lot of internal hedging...their charts can, in my opinion, be a fair bit off compared to other signal providers.

Hope that helps,
source :o)

21-12-2002, 18:36	#10
sourcerer level 1 Join Date: Nov 2002 Posts: 42 Downloads: 0 Uploads: 0 Rep Power: 0	Dime a pip Hi, It's oanda hope that's allowed...I'd think so...noone else offers this?) If you trade one unit there...you actually trade one unit in the base currency, so one pip can actually be $0.01. It's ideal to play around with because if you trade a bit more (1000 units gives you around a dime a pip), you'll experience something you'll never experience papertrading...wins and losses. They also allow PayPal funding if and don't need paperwork...nice way to find out if it's your thing without having to go all the way. As a nice bonus they have a 2 pip spread on EURUSD and 3 on GBP and JPY. Their platform takes a while to get used to if you traded most other platforms, but it ain't bad at all...just a tad 'spiffy' in my opinion. What could be considered a negative is that, in order to allow this kind of trading, they do a lot of internal hedging...their charts can, in my opinion, be a fair bit off compared to other signal providers. Hope that helps, source :o)