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Cheapest Pair To Trade

  • #21
  • Sep 6, 2006 2:56am Sep 6, 2006 2:56am
Quoting JodyOng
Wow that's cool, but do onado do overseas accounts from Singapore?
I think they are placed in Switzerland, so you are not oversea (although it is a long way from Singapore ). But goto www.oanda.com and read what they have to say. Open a demo-account so you can try it without risk.
  • #22
  • Sep 6, 2006 7:30am Sep 6, 2006 7:30am
I started with Oanda, just because there I could money management perfectly with little start capital.

Example. If you decide that you only want to risk 10 US a trade, however your system needs to have a 100 pip stop loss. Well at Oanda you can trade a 1 dollar lot, or as Oanda say 1 unit.

That was perfect for me.
  • #23
  • Sep 6, 2006 11:11am Sep 6, 2006 11:11am
What about forex solutions? Any comments about that broker?
  • #24
  • Sep 6, 2006 12:24pm Sep 6, 2006 12:24pm
Quoting JodyOng
What about forex solutions? Any comments about that broker?
You could look here: http://www.forexbastards.com/broker_reviews.shtml
  • #25
  • Mar 30, 2012 12:18am Mar 30, 2012 12:18am
I'm not talking about spreads here... Of course I think it'd be wonderful to flow in a 0 pip environment (some pro accounts maybe? {don't know I'm micro ;}) But is only Really helpful for a high frequency trading robot (AKA: a Machine). I'm trying to become in a living one but... Another matter.

I'm paying right now to Alpari UK 0.02 cents per operation per day aprox. selling EUR/USD. Is that cheap? Imagine 30 positions open about months, generating negative income.

Maybe someone around knows a pair or pair&broker, where it's just less expensive to simply flow with the money.

Thanks.
  • #26
  • Apr 4, 2012 8:23am Apr 4, 2012 8:23am
for the love of god, man, 3200 is like big money to spend on forex if you are a newbie, hold your horses and take a deep breath and rethink your plans if you are not sure! specially if thats money that you would be needing! you are still young at the age of 18 so take your time to learn give it a couple of months, even a year on a demo acount for you to learn and succeed in forex, hopefully this will help you
  • #27
  • May 3, 2015 8:40pm May 3, 2015 8:40pm
Here is a link to oanda's canadian margin requirements.
http://fxtrade.oanda.ca/help/policie...n-requirements

To get the mini-micro lots use oanda fxtrade platform. For example, I think you can trade only 1 oz of silver.
  • #28
  • May 19, 2019 9:49am May 19, 2019 9:49am
Quoting JodyOng
Hi everyone, I've been demoing my account for sometime now and I've decided to go live in few months time. The thing is, I'm only 18 and my capital is very limited. I have only around 5k SGD which is about 3200 USD. Which pair is the best for me to trade with my limited capital? I've been thinking the kiwi, NZD/USD because the initial margin is low. I'll be focusing all my trades on this pair only to practise for my live. Any other pairs that are low in margin?

Have you got answer Then ? (13 years later)
  • #29
  • May 24, 2019 5:32am May 24, 2019 5:32am
actually it depends on trading cost and volatility

volatility/tradingcost = bigger means better
  • #30
  • Last Post: May 24, 2019 5:42am May 24, 2019 5:42am
Trade the pair you understand and have the best record with..
You have been on demo and feel confident to go live
yet now you want to change your plan to the cheepest pair.
I don't get your thinking at all..

I'd review your demo trades find the one you have the best record with.. and stick with that pair.

If this is your first time going live, I wouldn't put all your money in at once..
open a $500 account.. if it grows over the next few months add more.
If you put in all your money in now you will probably lose it all.
Demo means very little when your facing the heat of losing real money.
The only system that will work is one designed by and for yourself.
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