Would Oanda Cancel My Account if I Doubled it Every Month? | Page 2 | Forex Factory

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Would Oanda Cancel My Account if I Doubled it Every Month?

  • #21
  • Mar 15, 2015 12:20am Mar 15, 2015 12:20am
bravo my friend . if your so confident that you CAN make it run your account for 3 months and speak to the broker you want to get a corporate account . spending 5%-10% of your income for corporate expenses will not make a change in your income. but will take you to the next level.
Mastering the Pair
  • #22
  • Mar 15, 2015 12:33am Mar 15, 2015 12:33am
Quoting Janfx
bravo my friend . if your so confident that you CAN make it run your account for 3 months and speak to the broker you want to get a corporate account . spending 5%-10% of your income for corporate expenses will not make a change in your income. but will take you to the next level.
What would be the advantages of a corporate account?
  • #23
  • Edited 6:20am Mar 16, 2015 5:56am | Edited 6:20am
If I were the broker, I'd make sure that you continue trading with us by sending you champagne and hookers then I'd copy your trades on one of our account with another broker funded with 10 000 000$.
  • #24
  • Mar 16, 2015 3:28pm Mar 16, 2015 3:28pm
Why would they? Just like a bank, if you have your money with them, they are making money off of it as well. Mo money=mo to play with for them.
  • #25
  • Mar 17, 2015 1:43pm Mar 17, 2015 1:43pm
Quoting FerruFx
{quote} Stop hunting myth !
myth? not sure, this happened to me yesterday.....This trade was open for 5 seconds, other quote providers didnt show this 182pip move, its been a day and still no response from the broker since i contacted them...i was up 1200% since the start of the year....... this is not onanda
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Believe your right, till proven wrong. Doubt is the greatest enemy.
  • #26
  • Mar 17, 2015 2:29pm Mar 17, 2015 2:29pm
Ask from Tony, he holds 6 figure fund on Oanda..Lol...
  • #27
  • Apr 1, 2015 9:16am Apr 1, 2015 9:16am
Quoting UvaKail123
Brokers like losers. My broker was much more friendly with me when I was losing than when I started winning regularly. Now they don't have the time of day for me when I call whereas before my phone rang constantly.
Haha,
I know the feeling, the only people I get to shoot the breeze with during dead times now is other brokers' sales personnel. It usually takes them a few weeks of 'calling back' though before they realise I am just bored and looking to chat shop rather than dropping an account with them.
You must be shapeless, formless, like water.
  • #28
  • Jun 4, 2016 10:15pm Jun 4, 2016 10:15pm
Quoting Naokia980
Ask from Tony, he holds 6 figure fund on Oanda..Lol...

Who is Tony?
  • #29
  • Jul 25, 2016 3:08am Jul 25, 2016 3:08am
I would say, concentrate to trading.
  • #30
  • Jul 25, 2016 4:05am Jul 25, 2016 4:05am
You can't double your account like that, even if your trades are successful, for two reasons: There is a maximum lot size for each symbol and a maximum lot size per day, so your curve will become linear eventually. Your curve will also flatten from some point, and even decrease, because the bigger the lot, the longer it takes to find a counterpart for your trades.
  • #31
  • Jul 25, 2016 10:45am Jul 25, 2016 10:45am
Quoting fredix
You can't double your account like that, even if your trades are successful, for two reasons: There is a maximum lot size for each symbol and a maximum lot size per day, so your curve will become linear eventually. Your curve will also flatten from some point, and even decrease, because the bigger the lot, the longer it takes to find a counterpart for your trades.
I haven't had any problems trading 1 lot... but now you make me wonder... with how many lots do you think I will start seeing that kind of problems?

Because I've seen live videos with people making entries with 50 lots, and are executed instantly.
A good strategy for trading is... the opposite of having a bad strategy.
  • #32
  • Jul 25, 2016 11:10am Jul 25, 2016 11:10am
I don't have any experience on that, but what I read is that until 100-200 lots there is no problem. Supposing max lot is 50, we can expect to place 4 to 8 times 50 lots, which won't be executed at the same time but if latency isn't a big problem, no worries. But the performance of a day trading strategy may be impacted as it won't be the same as with small lots. A scalping strategy will be impacted for sure. This is why I say that a large account grows slower than a big one.
  • #33
  • Edited 11:16am Jul 25, 2016 11:16am | Edited 11:16am
Quoting fredix
I don't have any experience on that, but what I read is that until 100-200 lots there is no problem. Supposing max lot is 50, we can expect to place 4 to 8 times 50 lots, which won't be executed at the same time but if latency isn't a big problem, no worries. But the performance of a day trading strategy may be impacted as it won't be the same as with small lots. A scalping strategy will be impacted for sure. This is why I say that a large account grows slower than a big one.
Thank you very much man, I appreciate your answer
A good strategy for trading is... the opposite of having a bad strategy.
  • #34
  • Aug 8, 2016 3:38am Aug 8, 2016 3:38am
I guess it's already being more than 12 months now and i think that the thread starter has got his reply either he had doubled the amount and get his account cancelled or he haven't reached the required milestone so far.
  • #35
  • Aug 8, 2016 4:53pm Aug 8, 2016 4:53pm
Quoting jollypk
I guess it's already being more than 12 months now and i think that the thread starter has got his reply either he had doubled the amount and get his account cancelled or he haven't reached the required milestone so far.
By definition, doubling an account monthly is an abuse of leverage.

In short, he blew up.
If you are good at something, never do it for free--Joker
  • #36
  • Aug 8, 2016 6:47pm Aug 8, 2016 6:47pm
Quoting jmn5611
{quote} By definition, doubling an account monthly is an abuse of leverage. In short, he blew up.
I have to disagree. Leverage has nothing to do with risk. All depends on the precision of entry. The tighter your stop, the bigger position you can put on. I can risk the same % with 200;1 leverage and 2:1 leverage. A bad trader simply takes longer to lose his account with low leverage, while a good trader slows his profits by not using high leverage.
  • #37
  • Aug 8, 2016 11:10pm Aug 8, 2016 11:10pm
Quoting pipmaster77
{quote} I have to disagree. Leverage has nothing to do with risk. All depends on the precision of entry. The tighter your stop, the bigger position you can put on. I can risk the same % with 200;1 leverage and 2:1 leverage. A bad trader simply takes longer to lose his account with low leverage, while a good trader slows his profits by not using high leverage.
That is indeed another way to look at it, cheers!
If you are good at something, never do it for free--Joker
  • #38
  • Aug 9, 2016 4:54am Aug 9, 2016 4:54am
$415 to $1,700,000 in one year? Shouldn't this be in the rookie section?
  • #39
  • Aug 9, 2016 4:59am Aug 9, 2016 4:59am
Quoting pipmaster77
{quote} I have to disagree. Leverage has nothing to do with risk. All depends on the precision of entry. The tighter your stop, the bigger position you can put on. I can risk the same % with 200;1 leverage and 2:1 leverage. A bad trader simply takes longer to lose his account with low leverage, while a good trader slows his profits by not using high leverage.


High leverage is also useful in case traders don't want to expose their entire capital to a broker in case of failure. Funding an account is always possible but withdrawing not.
the 3rd wave is the crowd's wave
  • #40
  • Last Post: Aug 9, 2016 5:00am Aug 9, 2016 5:00am
again FF mods dumped this shiit in commercial section? why not dump it into members lounge?

all dreamers and bullshiiters should play only in that area. PLEASE keep commercial section free from all this hypothetical dreams.
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