The functionality of Oanda in acheiving this is very good and they do have a very user friendly automatic system.
It is hard for me to believe that everything is excatly as if it was real money on the demo platform and that all the cost are included. Please help me out on this point, thank you. There is no doubt that Oanda is one of the very best trading platforms. There are things to watch though.
Around news releases they do increase their spreads often to 10 pips on the majors sometimes more. This can catch the unwary and trading around news should be avoided.
They have just changed their platform functionality. I am sure it is better than the old way. That is a shame as I had just got used to their old functionality and was making it work for me and now I have to get used to their new functionality. Their conectivity is generally very good though there are time when conectivity is lost. Thus it is vital always to have stops in place and where appropriate a take profit. The functionality of Oanda in acheiving this is very good and they do have a very user friendly automatic system.
In other words when you place a trade, a stop and take profit can automatically be set. Also having entered a trade, moving stops and take profits is very user friendly. In summary they really are one of the best, fairest, and most transparent brokers. I have found that there is virtually no slippage on trades and the price that is shown is the price you get. In aanswer to Chrishoff question, the demo or FXGame account performs in exactly the same way as their real money account.
I use their FXGame account to test ideas knowing that if I can get them to work on the FX Game account, they will work on a live real money account. Real time trades just like the practice account. I have been with them for years. I use the practice accout to test new trading ideas and sometimes have both live and practice open side by side and there is no difference.
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Bottom Line Offering fully automated, real-time currency trading with no restrictions on account or trade size, OANDA has quickly risen to become a favorite among both large-scale and small-scale traders, including individual forex traders.
There were expectations that the BoJ would increase its monetary stimulus. Comments from the influential Mr. Eisuke Sakakibara is pessimistic given the proximity of elections. Next week Japan will continue to be part of a G8 meeting where there could be rumblings of currency intervention. Although with the current state of the Yen this is less likely as the weakening could be unsustainable.
The G8 might have suspected this from the start. Industrial production indicators will be released as well as foreign investment which will give insight on how well Abenomics is working on the real economy and investment. Twitter Facebook LinkedIn Google. Lean On The Loonie. China Inflows Rise in May. China Forex Purchases Rise in May. Investors Reassess their Outlook for Japan. Australian Employment Beats Expectations in May. Machinery Orders Rise in Japan. Central Bank Fears Strengthen Yen.