I heard good things about Oanda, so I opened up an account a few days ago. When I started to trade, I noticed very small account changes when the price moved up or down. So I went to the place where I could look at the margin leverage and was shocked to see that the maximum leverage is 50:1. Now I had 200:1 at fxcm, and 400:1 at CMS and "fxsolutions," so I just took for granted that they would have something close. But was I shocked! Within less than 24 hours I closed my account. I'm sorry, but as an experienced trader I like leverage. For a beginner, I suppose it would be good to start out conservative and Oanda certainly is the most conservative in terms of leverage. It is almost like paper trading.
So if you want safety and one step above paper trading, regarding risk, by all means go to Oanda.
Patrick Rhodes
So if you want safety and one step above paper trading, regarding risk, by all means go to Oanda.
Patrick Rhodes
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