Best Currency To Trade From 3PM-3AM EST? 2 replies
OandA 20 pip spread on GBP/JPY 14 replies
Oanda + NFP = 200 pip spread? 2 replies
How Oanda pip spread so high? 3 replies
Disliked... the "Retail traders (individuals)" are a small fraction of the forex market, so reasoning would have it that majority of those positions showing on the graph would most likely be held by the larger banks/institutions/corporations/etc., no?Ignored
DislikedBanks don't trade through Oanda. If you want to see the positions of large traders you should refer to reports like the COT.Ignored
DislikedI may be wrong but I think some of that positioning on Oanda is corporate hedging, see this page (http://fxtrade.oanda.com/whyfxtrade/why_corporations_use_oanda_fxtrade.shtml)
and yes the info depicted in those graphes is Oanda positions only....Ignored
Dislikedlol just whatever you do... don't go with the majority... remember that 90% of traders fail and this is proof :surprised
Disliked"It shows how much patience you should have at all times during every trading day. Some days require more patience than others. "
This is an intersting and relevant psychological issue for me since I think that at this point in my newbie forex trading life, I'm more afraid of losing money than I am confident about making money in the forex.
For example, on one trade I got out of one trade (I think I was long GB/US)lost about $300 by not riding it out until it came back. An hour later, it reversed and I would have made $300 or better.
Is scalping harder than longer trades? Does it take more courage (or smarts) to stay in trades longer or just more good knowledge?
Opinions and/or examples of nail biting trades please.Ignored