It is an average widening due to low liquidity. I have seen it has high as 25 on Yen pairs. All I can say is I have been with Oanda for over 10 years and have never had any kind of issues other than platform disconnection every so often. I do trade ...

Hey Wizzlebizzle, What happened was you were a victim of Oandas end of day spread widening. Every day Monday through Friday, Oandas spreads widen between about 10 pm GMT and 11 pm GMT which is end of day New York. The Eur/Jpy widens by up to 15 ...

Tell me exactly which candle, what day and time, entry and close. lets take a look. - Ric

Did you deposit with debit card? Just withdrew a chunk of cash from Oanda as well. The deposits I did with Debit Cards are returned as refunds back to my bank account next business day, after that it is done as a ACH transfer which took several ...

Hello ercioalendre, Thanks for posting. I agree, good risk/money management is essential in any business. Forex is no exception. The whole point of this thread is to help people with good risk/money management . I was hoping it would be a place ...

Hello tancratchit, Thanks for posting. I 100% agree with you. If folks would take it seriously, Spot Forex can generate wealth. The issue is not everyone can do it. Just like not everyone can be a doctor. I tried, until I realized I can not separate ...

Hey TradeSmarter, Been with Oanda for many years. So, with Debit Card, they say free. So does this appear as a normal DEBIT from a nonnetwork machine on your bank statement? Also, I have never gotten a credit on a debit card before. Is Oanda simply ...

0.5% to 1.5% per trade. Depending on what pair im trading. - Ric

Hello Drakman, Thanks for posting. Thank you for sharing your experience. Trading without stops is very dangerous. Maybe folks with a few hundred dollars in their accounts can live with losing it, but once you have a sizable account, good luck to ...

Hey RedWingFan, Thanks for posting. Thank you for your words. I truly believe that money management is the missing part for many traders. It is loosely based on DCA (Dollar Cost Averaging). I have been using DCA for my Stocks/Bond/Mutual Fund ...

Hello ryuryu, Thanks for posting. Every business on the planet has to manage money. If not, you are all but guaranteed to fail. The topics you mentioned that are fairy tails: "always use stop losses" - There is a misunderstanding in general with ...

Hello Inadame, Thanks for posting. Money management can be complicated or easy. It just depends on the person trading and what makes them feel comfortable. I am not complication anything. I created a MM scheme that makes me comfortable and confident ...

Hello Drakman, Thanks for posting. Again, just like the previous post and what I have been saying all along, I am a firm believer that money management/risk management should be built in/part of the edge/strategy/style of trade you have decided on. ...

Hello tiborf71, I would argue that instead of money management needing to adapt, that a money management scheme should be integrated with the strategy being used. It should be developed as part of your overall strategy. - Ric

Hello joeerickson, I am glad to hear it. I wish more people would take it seriously. Most people who get into this business have no idea about how much it costs to trade, how to properly size trades based on account size or any of the important ...

Hey TimeTells, Thanks for posting. Most people I came across did use it in the past but not now and most also used it for gambling over trading and investing. I did not much care for it either. After testing, it does not work for me and my trading ...

Hello Akwin, It means the same thing. It is the most important aspect of trading and should always be worked in to your trading style. - Ric

Hello steavenrover. Than you for the copy paste of for the definition of Modern Money Theory. However, can I ask you what is the point of that? Can you explain what you meant by posting that? Thanks, - Ric

Hey All, I do not have a favorite. I can tell you over the last 10 years, my best overall best performing was/is GBP/USD. At least while trading USD pairs. Trading JPY pairs over the last 5 years, GBP/JPY is easily the best performing. All that ...

Hey mades, Thanks for the reply. I understand how Kelly works. The whole point of the exercise was to follow the rules set forth and see how it turns out for Forex trading. The rules stated to use the last 50-60 trades. I took the larger sample ...