Hey All, The thing I have noticed in FX trade is there is no 1 way to trade. After over nearly 20 years of trading, I have been through more than a few trading styles. Trading tick charts to weekly, MA crossovers and fibs to Keltner channels and B ...

What works, and what doesn't

I have both accounts as well but only trade through the FXTrade. I have NEVER SEEN a difference in spread OTHER THAN SOMETIMES a small lag between MT4 charts and FXTrade live charts. That happens because price has to travel through Oanda servers to ...

OANDA Discussion

For banks it is inter-bank. For us we pay what our broker asks for. Banks don't do anything for free. Oanda did used to have to better swap rates, they also used to pay interest on your balance, but overall these amounts are negligible for me and my ...

OANDA Discussion

While I agree the majority of traders know they have to manage the trade, I disagree that those same traders fully understand how important it is. Most are focused on how or why the trading system they use failed or isn't working as good as it ...

Money Management Theory

In post #37 I explained what I pay and what my charges are for my trading. You have to figure out what your costs are based on your broker. Follow this checklist. 1) Most brokers charge rollover once a day, figure out what time and how much they ...

Money Management Theory

Hey rolandW, Thanks for the post. Interesting points to consider. Again, everyone has to find a way to make this work for them. The most important thing to understand your true costs of trading. If you cant understand that, you lost before you ...

Money Management Theory

Hey LDXF, That is a great way to put it. Thanks, - Ric

Money Management Theory

I have no idea what you are talking about. But thanks for the post. Please rewrite or try and clarify what you are trying to say/ask. Thanks, - Ric

Money Management Theory

No such thing. Figure out what works best for you. - Ric

Money Management Theory

If your money management scheme has tight stop loss I can see that happening. You see, Oanda has dynamic spreads. Spreads are based on liquidity available. They can spike during news times when trades pour in. Each day starting at 5 PM EST, Oanda ...

OANDA Discussion

Actually, as of this posting, going long AUD/USD you will be paying a net APY of 1.20%. Going short on AUD/USD would earn you a APY of 0.00177%. That is because each central bank has its own rates. Rates fluctuate each day and with price changes in ...

OANDA Discussion

Hey tzamo, Thanks for posting. This is exactly the kind of post I created this thread for. All I can do is answer based on my knowledge and experience. "Do you think that having break even rules for executed trades as part of a money management ...

Money Management Theory

Hey LanaBanana, In demo you may take risks or do things you would not do in live. There is no reset in live accounts. Also there is a HUGE psychological barrier between Demo and Live. Trading a few cents per pip live VS unlimited demo money gives ...

How many of you, still prescribe demo trading to others?

Hey hellsbells, I agree 100%. Forex Factory is full of haters, trolls and wannabes. It also has a bunch of folks who just refuse to be wrong. Lots of EGO all over the place. It does make it not worth it most times to post or try to have a real ...

Money Management Theory

100% agree

How many of you, still prescribe demo trading to others?

100% agree

Money Management Theory

100% agree

Money Management Theory

I would say what works best for your trading style. What you can live with.

Money Management Theory

No they mean the same thing

Money Management Theory

Hey Havo, It seems we mostly agree on the money management points. Yea I love it when people talk about win/loss or risk to reward. I learned early on that all that stuff does not matter. I see stuff all the time through this site that is just plain ...

Money Management Theory