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Oanda or Alpari?

  • #21
  • Oct 3, 2007 4:07pm Oct 3, 2007 4:07pm
Quoting jjk2
exactly. you wouldn't even be considering forex, trade futures.
Why is this?

Jason
  • #22
  • Oct 4, 2007 10:32am Oct 4, 2007 10:32am
Quoting lnefx
So what is everyones' opinion then...
100K....who would you use as your broker?
Great question, any thoughts?

I am just learning trading, but I am getting into the game late. I know to start with a demo account, prove my leg work is worth while, and then move on to real money down the road. But it would not be long until I would have a 100k account (I have been saving and investing long term for years, so I could come up with 100k right now).

So if I am successful with 100k, would I then switch brokers, and if so, where would I go? Fidelity? Would I want to then get out of Forex, or is Forex still a good trade with a large account?
  • #23
  • Oct 5, 2007 8:11am Oct 5, 2007 8:11am
I personally would recommend Oanda for any beginning trader. The leverage is low so that you don't deplete your account too quickly. With that said, No one is going to get all the pips all the time. The key to being a good trader is to be consistent and follow your rules.
A broker that recommend is EFXGroup or MBTrading. Pip spread is always low. Go to www.forexbastards.com and read the reviews of brokers, signals, software, etc.
  • #24
  • Oct 5, 2007 8:46am Oct 5, 2007 8:46am
The pip spread is not always low at EFX either. Max spread for cable on the NFP which just got released was 12, compared to Oandas 15. Of course, Oanda showed 15 for a few minutes whereas at EFX it was only for some ticks.
  • #25
  • Oct 5, 2007 10:41am Oct 5, 2007 10:41am
i would go with oanda if your looking for a solid run company and one that gonna be around for a long time, and won't run off with your money.
If I Go Broke Trying Then I Will die happy.
  • #26
  • Oct 6, 2007 7:10am Oct 6, 2007 7:10am
Quoting Moe
i would go with oanda if your looking for a solid run company and one that gonna be around for a long time, and won't run off with your money.

yup, that's why i stick with them. no point making loads of money and then the broker go bust or run with the money.

too bad they've got no trailing stop though........so sophiscated traders won't like them at all.
  • #27
  • Oct 6, 2007 9:59am Oct 6, 2007 9:59am
Quoting shrike
The pip spread is not always low at EFX either. Max spread for cable on the NFP which just got released was 12, compared to Oandas 15. Of course, Oanda showed 15 for a few minutes whereas at EFX it was only for some ticks.
Duh! Any platform is going to raise the spread on the NFP. It's the biggest announcement of the month. If you enter the trade before the announcement, you won't be effected by the pip spread. If you study the announcements, you would be able to determine which direction it's going to go before the announcement. DO YOUR HOMEWORK! It's not rocket science. Learn how to trade a system and not the news. To each his own, do what makes you comfortable.
  • #28
  • Apr 11, 2010 5:52am Apr 11, 2010 5:52am
Quoting unlv_tj
Great question, any thoughts?

I am just learning trading, but I am getting into the game late....

Same here !
which is Better Broker to put my 100k ?
I know shall be ECN, but which one ?
I know about the rules to find one, but i need references, like you do when you go find your new bank. You just dont read about it. You listen to other peoples and their experience ...
Please, someone help here with a name.

(sorry about the bad english ... primary =portuguese)
  • #29
  • Oct 7, 2010 4:18pm Oct 7, 2010 4:18pm
Dukascopy
  • #30
  • Last Post: Aug 21, 2013 1:41am Aug 21, 2013 1:41am
Anybody using Expert Advisor with OANDA MT4? What are your experiance with that?
thanks
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