Forex Trading Advice » Execution http://forextradingadvicecenter.com Forex Trading Advice Center Thu, 23 Jun 2011 01:07:45 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Oanda review http://forextradingadvicecenter.com/2009/06/13/oanda-review/ http://forextradingadvicecenter.com/2009/06/13/oanda-review/#comments Sat, 13 Jun 2009 01:18:45 +0000 admin http://forextradingadvicecenter.com/?p=68 I’ve been using Oanda for almost 1 week now, and I want to share about their performance from my experience and from what I hear about them.

  • Simple platform
  • Quick execution
  • Wide spread until 10 pips during news and weekend
  • Tight spreads 0.9 pips on EUR/USD
  • No minimum trade size, great for beginner.
  • Get interest for your account balance
  • Poor customer support

Overall I give 8/10 for Oanda. What do you think about Oanda?

]]> http://forextradingadvicecenter.com/2009/06/13/oanda-review/feed/ 0 Forex Scalping strategy introduction http://forextradingadvicecenter.com/2009/05/27/forex-scalping-strategy-introduction/ http://forextradingadvicecenter.com/2009/05/27/forex-scalping-strategy-introduction/#comments Wed, 27 May 2009 16:08:11 +0000 admin http://forextradingadvicecenter.com/?p=60 Forex Scalping is a strategy used by trader where they enter the market in a short time, under two minutes. The purpase of this strategy is to make small profit with very limited risk. They can profit from 2-3 pip move.

Scalpers use all sorts of platforms to scalp currencies. One of the most common is MetaTrader 4 (MT4). Many scalpers create forex robots or trading algorithms that are fully or partially automated, increasing execution efficiency and available trading opportunities.

Here are some strategy on forex scalping:

  • The only way to make small account big in a short period is by using high leverage. Start with 20:1 or at most 50:1 leverage. The more skill you have, you can move to higher leverage.
  • Minimize your risk by trading with a tight stop loss.
  • Trade on liquid market and active session, which is when the Japan market start, close, and when the US market start.
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