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  • #2,861
  • Feb 29, 2012 11:52pm Feb 29, 2012 11:52pm
Great.

I did already apply for a Dukascopy Europe account weeks ago so I'm aware of their conditions.

Quoting matheszabi
Also I was lucky and I got a nice guy from support, who has the same nationality as me and we could tank in my mother language.
Ravis, right?

Quoting Jose Louis
I checked their web-platform. It is splendid! Spreads are tight, charting window is pretty small.
Oanda or Dukascopy's? Both allow you to resize the charting window.
  • #2,862
  • Mar 3, 2012 6:20pm Mar 3, 2012 6:20pm
Hi
I learned trading reading online sources, forums webinars, babypips,dailyfx etc
I am Oanda from 2 years approx.
I started with 1000$, I blow, I added 10K, I made losses margin calls.
Added another 20k to save my position.
I lost almost 20k out of 30K.

I opened very large position USD/JPY to my luck 23k in a day of intervention.

It's hard way, I learned trading, Now I am making consisent profit with good st op loss and less leverage.
Some high leverage trades like EUR/CHF is still there

Now my account is 53k with -9400 as unreliazesd loss as this position has given me 4000 interest last year and now give me 16-17$ per day so I don't want to close in loss and may add later to average and close.

My question: My account is grown so much, I am getting afraid like oanda may close and run away with money

I don't have any complain about fxtrade platform as I am using it and quite happy with it.

Only is like MF global, if they run with money

Anyone have big account with oanda. Do you think I should stay with them or move. Oanda suits my trading style and I trade for 10 pips daily i.e. 100$ on any pair so big account help me to easily make it.


Any suggestions from seniors welcome.

Thanks
  • #2,863
  • Mar 4, 2012 5:41am Mar 4, 2012 5:41am
Quoting coolkaps4u
Hi
I learned trading reading online sources, forums webinars, babypips,dailyfx etc
I am Oanda from 2 years approx.
I started with 1000$, I blow, I added 10K, I made losses margin calls.
Added another 20k to save my position.
I lost almost 20k out of 30K.

I opened very large position USD/JPY to my luck 23k in a day of intervention.

It's hard way, I learned trading, Now I am making consisent profit with good st op loss and less leverage.
Some high leverage trades like EUR/CHF is still there

Now my account is 53k with -9400 as unreliazesd...
Oanda has presence in the US, Canada, UK, Singapore and etc., not sure which office did you open your account with, but I believe all offices are regulated by the respective countries' regulator. That said, MF Global is also regulated and yet it ran into trouble, so I can understand your concerns.

Here are what I think you can do:

1) Cap your account with Oanda to say 50k, and put the rest of your capital/profits with other brokers, however this means you can't open large position, you have to get used to the new broker's platform, more troublesome as you might need to log into both accounts to place trades and potentially incur higher costs. Upside is your risk is diversified.

2) Stick with Oanda, but regularly withdraw your profit. As a starting point, you can withdraw 50% of your profit for every month. And when your account reaches say 100k, you will withdraw 100% of your profit every month so you cap you account size to 100k.

It all depends on your risk appetite, personally I will go for option 2), as once I have fully recovered my initial capital, I am willing to risk up to 100k if Oanda run away.
  • #2,864
  • Mar 4, 2012 6:56am Mar 4, 2012 6:56am
Quoting coolkaps4u
I started with 1000$, I blow, I added 10K, I made losses margin calls.
Added another 20k to save my position.
I lost almost 20k out of 30K.

...

Now my account is 53k with -9400 as unreliazesd loss
Quoting coolkaps4u
I am getting afraid like oanda may close and run away with money
And why would they want to "run away with your money" when you're obviously going to blow your account again anyway?
  • #2,865
  • Mar 4, 2012 9:05am Mar 4, 2012 9:05am
Quoting Marv
And why would they want to "run away with your money" when you're obviously going to blow your account again anyway?
Well Blow is different story and I can live with it so don't worry about sir.
I have other source of income.
This money I have invested which I can loose without being emotional

Only thing is I don't want to loose like MF guys global and was wondering if any big guys are with oanda or not

I like the idea of capping as suggested and withdrawing profit 50% every month ofcourse if I am making any.

My A/c is in USA/Canada


Thanks
Kaps
  • #2,866
  • Mar 4, 2012 9:07am Mar 4, 2012 9:07am
Quoting Xmen2
Oanda has presence in the US, Canada, UK, Singapore and etc., not sure which office did you open your account with, but I believe all offices are regulated by the respective countries' regulator. That said, MF Global is also regulated and yet it ran into trouble, so I can understand your concerns.

Here are what I think you can do:

1) Cap your account with Oanda to say 50k, and put the rest of your capital/profits with other brokers, however this means you can't open large position, you have to get used to the new broker's platform, more troublesome...
Thanks, I really like this idea.I really appreciate this suggestion, Also you have given this suggestion without giving any comments on trading style blah blah which some other users are giving which I haven't asked at first place.

Thanks Again!
  • #2,867
  • Mar 4, 2012 10:26am Mar 4, 2012 10:26am
Quoting coolkaps4u
Only thing is I don't want to loose like MF guys global and was wondering if any big guys are with oanda or not
Yes there are some big guys with Oanda (bigger than you), there always have been. But if you can afford it you can always go to an institutional-level brokerage where there are even bigger guys, direct access to huge liquidity, and segregation of funds with big banks.

But so far I wouldn't worry. 50k is not as big as you think it is. If you really like Oanda, stay there. Focus more on your trading instead. Until you reach like 250k to half a million (if you ever get there), then you might wanna consider moving to higher tier brokerage firm.
  • #2,868
  • Mar 4, 2012 10:41am Mar 4, 2012 10:41am
Quoting Marv
Yes there are some big guys with Oanda (bigger than you), there always have been. But if you can afford it you can always go to an institutional-level brokerage where there are even bigger guys, direct access to huge liquidity, and segregation of funds with big banks.

But so far I wouldn't worry. 50k is not as big as you think it is. If you really like Oanda, stay there. Focus more on your trading instead. Until you reach like 250k to half a million (if you ever get there), then you might wanna consider moving to higher tier brokerage firm.
Thanks Marv.
I appreciate this answer
  • #2,869
  • Mar 5, 2012 4:18pm Mar 5, 2012 4:18pm
FWIW:

http://fxtrade.oanda.com/community/f...;f=16;t=013109
  • #2,870
  • Mar 6, 2012 6:48am Mar 6, 2012 6:48am
I got really upset with Oanda USA. My friend is using FXCM, and i am using Oanda, bla bla, so we decided to compare them. the same system 3 days, the same trade set ups, on M30 FXCM +$380 and Oanda +$340, M5 is horrible, on FXCM on 50% more profit, we still comparing M15. Some times on FXCM 20 pips in the favore of the trade. How come there is 20 pips difference in the price ???? I still want to compare other charts with Oanda
  • #2,871
  • Mar 7, 2012 2:05am Mar 7, 2012 2:05am
Quoting mavricos
Some times on FXCM 20 pips in the favore of the trade. How come there is 20 pips difference in the price ????
This i highly doubt. If thats the case then u can proof this with screenshots with the execution at the same time, right? I mean everyone can compare the prices of these two brokers at any given time. Whenever i did that in the past they show the same price at the same time, just that FXCM´s spread is far more expensive.

If this is true then i will open an FXCM account immediately and as soon as i c the pricedifference widen to 20 pips, for example at FXCM 1,3260 and with Oanda 1,3240 i would sell 10 lots at 1,3260 and with FXCM and buy 10 lots with 1,3240 at Oanda. Both prices will come closer again to each other and i could make 20 pips as easy as never before in my trading career.

If this would happen just twice a month that would be enough if u trade enough lots...
  • #2,872
  • Mar 7, 2012 8:09am Mar 7, 2012 8:09am
i plan to leave 1 million inside oanda........shifting funds to citibankfx....i plan to trade 1 billion units in future, making 500mil. a year
I have past history of statements to justify what i say.
  • #2,873
  • Mar 7, 2012 8:41am Mar 7, 2012 8:41am
Quoting eu_trader
i plan to leave 1 million inside oanda........shifting funds to citibankfx....i plan to trade 1 billion units in future, making 500mil. a year
Hey eu_trader stop your BS already you are an embarrassment. The maximum lot size of Oanda and CitiFx Pro is 10 mil.

So you are going to sit in front of the screen the whole day entering 10 mil unit size 100 times every time you trade? You never thought of those loop holes in your BS did you? Stop trolling the forum swinging your big dick. Get a life. Who cares about your lot size. This is a discussion about Oanda not your ego.
Riding the order flow
  • #2,874
  • Mar 7, 2012 2:39pm Mar 7, 2012 2:39pm
Quoting eu_trader
i plan to leave 1 million inside oanda........shifting funds to citibankfx....i plan to trade 1 billion units in future, making 500mil. a year
You fail at trolling, let alone trading those amounts.
  • #2,875
  • Mar 8, 2012 12:21pm Mar 8, 2012 12:21pm
Hey Guys,

Can anyone tell me what time Oanda use for the MT4 platform.

I read somewhere that it was EST time but then a representitive of Oanda told me it was GMT but he didn't really sound like he understood the question. If it is EST time would that be the same if you opened an account with Oanda Europe?

Thanks for your help.
  • #2,876
  • Mar 8, 2012 10:53pm Mar 8, 2012 10:53pm
My US Oanda MT4 is on EST
  • #2,877
  • Mar 9, 2012 8:05am Mar 9, 2012 8:05am
Seems like when one is beginning to win consistently bad things start to happen. So here it goes, f**k oanda welcome dukas.
Trading = a mirror to your human flaws. Fix them or be fixed.
  • #2,878
  • Mar 9, 2012 8:41am Mar 9, 2012 8:41am
Quoting soso
Seems like when one is beginning to win consistently bad things start to happen. So here it goes, f**k oanda welcome dukas.
Care to explain it with more details?
  • #2,879
  • Mar 9, 2012 8:50am Mar 9, 2012 8:50am
NFP punt gone wrong?
  • #2,880
  • Mar 9, 2012 10:30am Mar 9, 2012 10:30am
Quoting soso
Seems like when one is beginning to win consistently bad things start to happen. So here it goes, f**k oanda welcome dukas.
That was also my experience. Loser and break even for 3 years. No big issues only sporadic disconnections around big news.

On my 4th year I started to make reasonable money and the disconnections grew with my account or should I say my account grew despite the disconnections.

2011 as I started making pretty good money the platform instability went to a point where I could barely trade.

Changed brokers and no disconnections so far. I'm happy!
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