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Investment Forex Version 21, Foreign Exchange Market Discussion
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JackMao P
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 Jan 25 2020, 04:48 PM
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New Member
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Hey guys. Got a question.
Does anyone here uses OANDA? I'm thinking of switching my broker to more regulated ones (using XM now).
But I want to know how OANDA works.
i) withdrawal/depo - applicable for online bank transfer or Neteller?
ii) what about their charges for withdrawal (using Neteller)?
iii) Does their swaps high for swing trading (overnight hold)?
If anyone have any experienced using this broker, I'd like to know your experience.
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JackMao P
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Aug 23 2020, 04:45 PM
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New Member
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QUOTE(Emily Ratajkowski @ Jul 9 2020, 08:33 AM) For the most accurate answer, plz go call your bank's remittance officer. I know for a fact if the company is blacklisted in bnm's database, no matter what they won't let you transfer money with that source. If you transfer using other source like bigpay etc, you cannot receive back to our banking system. But for example if you say you trade with oanda, tdameritrade, interactive broker, no problem. You must always remember, forex is an inseparable part of the finance system. There cannot be such thing as forex is illegal. Otherwise your banking and financial system will not work. But because of ignorant people, who can't even differentiate what is a pyramid scheme vs real forex trading, bnm has decided to simply blanket ban all "forex" trading. Trade with a reputable broker. Even if it is more difficult to open an account, or the fees are more expensive, it is ok. Best of all is to trade those multi instrument brokers like tdameritrade and interactive brokers. Absolutely agreed. I've been using Oanda for a year. And I use Public Bank because some people said Public Bank will ask many questions about withdrawal etc. So far, I have no problem with withdrawal/deposit issue. No call or nothing from the bank. Yes, there are small charges to pay (I use debit) but no hassle with withdrawal (2 days max). Maybe because Oanda is top-tier regulated (Singapore, UK, Japan, Aus, US). Yes, their leverage is small. But as long as it's regulated, I don't mind. Better to pay small amount for transanction than losing large amount of money + worrying about your money until can't sleep. Due your own due diligence, that's all. |
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JackMao P
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Aug 30 2020, 10:01 PM
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New Member
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QUOTE(viruz @ Aug 29 2020, 12:12 AM) Since I started trading since 6 years ago, went through price action and now mainly applying Fibo Musang etc, still find it hard to maintain consistency, which makes me start to wonder, is there really anyone succeeded on forex trading? For me the more I do back test with forex tester, the more I feel no matter what winning rate and RR ratio, it will just doesn't add up for a winning result in long run, plus all the trading cost like spreads, commissions, etc, it is like gambling in the casino where the odds are always at broker side. I have been using Fibo Musang and based on this strategy I developed various trading plan, including following signal and anti the signal, still can't find any method to trade the ranging and trending market. Start to lose my faith on forex trading slowly... I also use Fibs along with other confluences according to my rules and strategy. And a bit of FA but TA will be my first confluences. Then I take the FA and see if it fits. IMO, the more confluences you have, the higher the probability of that trade. But still, no sure thing in the market. Just the odds probably will be in your favour. |
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