FOREX.com vs OANDA 2020 - ForexBrokers.com

OANDA or IG for totally new trader?

Hello, i plan to stick with a broker for a long time, from demo to live account later on. Any review or experience regarding spread, deposit/withdrawal process, etc, for these brokers are greatly appreciated.
I current live in the US for the next 5 years, but i am not US citizen or PR (if this helps since I know US residents don't have much choice regarding brokers).
submitted by iamti1701 to Forex [link] [comments]

Oanda users: Has anyone else noticed a sudden and dramatic loss in quality?

I've been trading forex off and on for a few years with Oanda and never had a problem. Over the last 4 months or so I have been testing a new strategy in the Oanda practice account. Everything has been good. But within the last few weeks every part of there platform seems to suddenly be filled with bugs.
This is all in the practice account, I have not tried it on the live platform, but I'm hesitant to move my strategy to live trading because of all of the bugs that seem to be coming out of nowhere. Right now I have 2 trades where I included a stop loss, the trade went through but the stop loss is not included. And I can't modify the trade to add a stop loss because that doesn't work on any of their platforms for the various reasons mentioned above.
Is this just me or is anyone else having a bunch of issues all of a sudden?
submitted by aaron_wright to Forex [link] [comments]

Can't seem to find a good Forex broker

Hey folks.
I'm rather new to Forex and I've been looking for a broker but I can't seem to find one that both works and has a somewhat simple user interface (on mobile)
I originally was going to try Oanda after really liking their mobile application, but I found out that even though I'm a Canadian, because I am currently living in South Korea I am unable to use their service.
I was looking at finpro trading, hotforex, and simplefx but I can't seem to find many reviews on any of them.
I am mostly looking for one with a low minimum deposit and also one with a good (and simple) mobile app, since I'll be doing most of my trading that way (I am often travelling for 2-3 hours a day).
Does anyone have a broker they recommend that works for both Korea and Canada?
submitted by masterbreti to Forex [link] [comments]

Lykke - LKK

Important: This is a security, 1LKK=1/100th of a share of a Swiss company. In some jurisdictions, you will not be allowed to buy LKK if you are not an accredited investor. Don't be stupid, do your own due dilligence and study the Placement Memorandum closely before making any decisions: https://lykke.com/Lykke_Corp_Placement_Memorandum.pdf
Company: Lykke Corp, https://lykke.com/
Value Proposition: A decentralized asset exchange with immediate settlement.
Customer Segment: Crypto traders, forex traders, potentially traders of any kind of tokenizable asset. Lykke exchange whitepaper: https://lykke.com/ico/Whitepaper_LykkeExchange.pdf
Team: Team with a strong fintech background. Richard Olsen, the founder, is a pioneer in high frequency finance with extensive entrepreneurial experience and well known for his academic work. Olsen is a co-founder of OANDA.
Technology: Decentralized exchange for "colored coins" that registers trades on the bitcoin blockchain. The exchange itself does not hold any funds.
ICO Offer: Lykke Corp is selling 300'000 of its own shares, tokenized into 30'000'000 LKK coins. Each coin is priced at 0.05CHF. 300'000 shares represent roughly 2.3% of the company's shares, the company will be valued at 56M CHF after a successful ICO. The ICO is ongoing. So far, 10M LKK have been sold, 20M remaining.
Remarks: ICO participants are buying a tiny share of a Swiss fintech startup at a relatively steep valuation. On the plus side, Lykke has a potent team, excellent fintech connections and a working product portfolio: the exchange is up and running, and so are the mobile apps for iOS and Android.
submitted by thisischris to icocrypto [link] [comments]

Welcome to r/Lykke Community, start here!

 

Getting Started with Lykke

 

What is Lykke?

Lykke is building a global marketplace for the free exchange of financial assets. By leveraging the power of emerging technology, our platform eliminates market inefficiencies, promotes equal access from anywhere in the world, and supports the trade of any object of value. The Lykke Exchange is fast and secure. Users receive direct ownership of assets with immediate settlement from any mobile device. You can try Lykke Wallet, available for both iOS / Android. Here’s a quick video to get you started.

What is Blockchain Technology?

The Lykke marketplace uses the distributed ledger, which is blockchain technology pioneered by Bitcoin. This technology incorporates a protocol for decentralized data storage in the chain of blocks, where the consistency of the data is guaranteed by the cryptography and consensus of multiple nodes.

What are LKK coins?

A Lykke coin (LKK) is a cryptographic token that represents ownership of Lykke, a Swiss registered corporation. There is no mining and currently it's not listed on other exchanges (although that may change). 100 LKK represent 1 share of Lykke Corp. Read more at our Information Memorandum  

Useful Links

 

Most Frequently Asked Questions

 

How does LKK1Y works?

Lykke 1-year forward coin (LKK1Y) is essentially a derivative on LKK. Buyer of 1 LKK1Y can purchase the right to receive 1 LKK in 365 days after they ask for the delivery. In other words, there is no fixed maturity date: if you buy a Lykke forward contract, you can execute it at any date and after 1 year passes the Lykke coins will be delivered. You can read more at What is Lykke Forward? blog post.

How does Lykke earn money?

Commissions are zero, so Lykke earns revenue from value-add services such as liquidity provision, issuance services, white-labeling, and B2B consulting.

If I own Lykke coins, am I considered to be a shareholder of Lykke Corp?

Yes. If you own Lykke coins, you are entitled to become shareholders of Lykke Corp, provided that you submit to our minimum KYC requirements. Shareholders have additional rights, such as voting and receiving dividends.

Will LKK coins pay dividends?

Yes. They will when the company decides to pay profits to investors, rather than re-invest to fuel growth. As with most startups, dividends may be some time away.

Are there plans to list LKK in other exchanges?

Yes, the roadmap currently states it’s a medium term goal.

How does Lykke differ from other crypto ventures?

Lykke is not a cryptocurrency or distributed ledger technology venture; we are building a marketplace that integrates seamlessly with the existing financial system. Our trading venue uses a matching engine to cross buy and sell orders. The accounting, delivery, and settlement of traded assets use distributed ledger technology. Our initial focus is the foreign exchange market with a daily transaction volume of 4 trillion USD, the biggest financial market in the world.

I am a US citizen and can't download the App. When will Lykke be available in my country?

Hopefully soon, this is only temporary as Lykke requires licenses to be fully compliant in many countries. It’s currently not available in Australia, Japan, Canada and the US (which greatly differs from other countries as states have different laws). At first only some states would be available (or only certain assets could be tradeable) but eventually with more blockchain technology acceptance and adoption more should follow.

Is Lykke Exchange only available on mobile?

Currently yes, however a web trading platform is being developed and part of the medium term roadmap.
 

Published Articles

 
 
submitted by mtnsaa to lykke [link] [comments]

Getting Started

Hey guys! I found a super cool list of everything a new forex trader would need to get started! Originally made by to nate1357. Link to original thread http://redd.it/328cjr
Free Resources
Education:
www.babypips.com/school
www.informedtrades.com/f7
www.forex4noobs.com/forex-education
www.en.tradimo.com/learn/forex-trading
www.youtube.com/useTheTradeitsimple
www.traderscalm.com
www.orderflowtrading.com/LearnOrderFlow.aspx
www.profitube.com
Calendars:
www.forexfactory.com/calendar.php
www.dailyfx.com/calendar
www.fxstreet.com/economic-calendar
www.forexlive.com/EconomicCalendar
www.myfxbook.com/forex-economic-calendar
www.investing.com/economic-calendar
Free News Websites:
www.forexlive.com - Daily live news, analysis and resources
www.financemagnates.com - FX industry news and updates
www.fxstreet.com - Daily news, analysis and resources
www.forextell.com
www.forexcup.com/news
www.bloomberg.com/markets
Forums:
www.reddit.com/forex
www.forums.babypips.com/
www.forexfactory.com/forum.php
www.elitetrader.com/et/index.php
www.forex-tsd.com/
www.fxgears.com/forum/index.php
www.trade2win.com/boards
Margin / pip / position size calculators
www.myfxbook.com/forex-calculators
Brokerages:
There are many factors to consider when choosing a brokerage. Regulations typically force US traders to only trade at US brokerages, while international traders have more choice. After considering location you need to consider how much capital you will start trading with as many have minimum deposit levels. Once you’ve narrowed that down you can compared spreads and execution. ECN brokers execute your orders straight through to their liquidity providers, while market maker brokers may pair up your trades with other clients. Market maker brokers typically will partially hedge your positions on the interbank market. Many consider this to be a conflict of interest and prefer to trade at an ECN broker who would have an active motive to see you succeed. Lastly, brokers run inherently risky business models so it is important to consider the risk of bankruptcy.
www.forexpeacearmy.com - Aggregates broker reviews. Be warned though that people only seem to make bad reviews.
www.myfxbook.com/forex-broker-spreads - Live comparison of executable spreads
United States & International-
-Interactive Brokers
International Only-
-LMAX (whitelabel DarwinEx)
*DMA broker based in the UK. Note that as a DMA broker LMAX eliminates the ability for LPs to last-look transactions. This may result in reduced liquidity during volatile times as liquidity providers would be likely not to risk posting liquidity to LMAX's pool. *Tight spreads *Minimum deposit $10,000 *Fairly well diversified
-Dukascopy
*ECN based in Switzerland, but available elsewhere depending on local regulations.
*Tight spreads *Minimum deposit $100 *Fairly well diversified
-IC Markets *ECN based in Australia *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Fairly well diversified
-Pepperstone
*ECN broker based in Australia. *Fair spreads on standard account, tight spreads on professional accounts. *Minimum deposit $200 *Not well diversified
Software / Apps:
Desktop/mobile
Terminology/Acronyms:
www.forexlive.com/ForexJargon - Common terms and acronyms
FAQ:
I need to exchange money, how do I do it?
This isn’t what this sub is for. Your best bet is using your bank or an online exchange service. Be prepared to pay a hefty fee.
I have money in one currency and need to exchange it into another sometime in the future, should I wait?
Don’t ask us this. We speculate intraday in FX and shouldn’t be relied on to tell you what’s best for you. Exchange the money when you need it.
I have an FX account, should I start trading demo or live?
This is highly debatable. You should definitely demo trade until you have mastered how to use the trading platform on desktop and mobile. After that it’s up to you. Many think that the psychology of trading live vs demo trading is massively different. So it may pay to learn to trade live. Just be warned that most FX traders lose almost their entire first account so start with a low affordable balance.
What’s money management?
Money management is a form of risk management and is arguably the most important aspect of your trading when it comes to long term survival. You should always enter trades with a stop loss - the distance of the stop allows you to calculate how large of a percent of your account balance will be lost if your trade stops out. You can run a monte carlo simulation to figure out the risk of having a number of trades go against you in a row to drain your account. The general rule is that you should only risk losing 1-4% of your account per trade entered.
More on this here: www.investopedia.com/articles/forex/06/fxmoneymgmt.asp[35]
www.swing-trade-stocks.com/money-management.html[36]
What about automated trading?
Retail FX traders have been known to program “Expert Advisors” (EAs) to automate trading. It’s generally advisable to stay away from that until you’re very experienced. Never buy an EA from a developer because the vast majority of them are scams.
What indicators are best?
That’s up to you to test and find out. Many in this forum dislike oscillating indicators since they fail to capture the essence of what moves price. With experience you will discover what works best for you. In my experience indicators that are most popular with professional traders are those that provide trading “levels” such as pivot points, fibonacci, moving averages, trendlines, etc.
What timeframe should I trade?
Price action can vary in different timeframes. In longer term timeframes the price action and fundamentals are much more clear. Unfortunately it would take a very long time to figure out whether or not what you’re doing is successful on longer timeframes. In shorter timeframes you can often tell very quickly if what you’re doing is profitable. Unfortunately there’s a lot more “noise” on these levels which can prove deceptive for those trying to learn. Therefore the best bet is to use a multi-timeframe analysis, working from top-down to come up with trades.
Should I trade using fundamental analysis (FA) of technical analysis (TA)?
This is a long standing argument in these forums and elsewhere. I’ll settle it here - you should have an understanding of both. Yes there are traders who blindly ignore one of the other but a truly well rounded trader should understand and implement both into the analysis. The market is driven in the longer term through FA. But TA is necessary to give traders a place to enter and exit trades from a psychological risk/reward standpoint.
I’ve heard trading Binary Options is an easy way to make money?
The general advice is to stay away from binaries. The structure of binary options is so that when you lose the broker wins. This incentive has created a very scammy industry where there are few legitimate binary options brokers. In addition in order to be profitable in binaries you have to win 55-65% of the time. That’s a much higher premium over spot FX.
Am I actually exchanging currencies?
Yes and no. Your broker handles spot FX is currency pairs. Although they make an exchange at the settlement date they treat your position in your account as a virtual currency pair. Think of it like a contract where you can only buy or sell it as a pair. In this sense you are always long one currency while short another. You are merely speculating that one currency will appreciate or depreciate vs another.
Why didn't my order fill?
Even if price appears to cross over a line on your chart it does not guarantee a fill. Different charting platforms chart different prices - some chart the bid price, some the ask price and some the midpoint price. To fill a limit order price needs to cross your limit's price plus the spread at the time that it is crossing. If it does not equal or exceed the spread then it will not fill. Be wary that in general spreads are not fixed. So what may fill at one time may not at another.
submitted by ClassicalAnt6 to TeamOceanSky [link] [comments]

OANDA  fx Trade Mobile Chart Trading - YouTube OANDA  fxTrade Mobile: Placing a trade - YouTube OANDA  fxTrade Mobile: Set up & alerts - YouTube OANDA  fxTrade mobile: price alerts - YouTube

OANDA Trade platform can be accessed from your desktop, browser and mobile. You can also take a position via MT4. You can also take a position via MT4. See trading OANDA bewegt sich weg von dem "one-size-fits-all"-Ansatz zum mobilen Handel, angefangen mit den neuen, branchenweit ersten Funktionen in seiner proprietären Anwendung für das Apple iPad. Heute loggen mehr als 50 % der OANDAs Kunden zu ihren Konten täglich über FxTrade Mobile App ein, die fast 20 % des Handelsvolumens ausmachen. LONDON, den 23. Juli 2014. OANDA, der globale Anbieter von ... Take your OANDA account with you, wherever you go. We use a range of cookies to give you the best browsing experience. By continuing to use this website, you agree to our use of cookies. OK close. Choose another country or region to see content specific to your location Trading expand_more. Products & services. Forex trading. Trading. Globally recognized broker with 23 years' experience in FX ... Get OANDA's award-winning forex platform -- tight spreads, quality execution, flexible lot sizes, multiple sub-accounts, innovative tools and more -- optimized for iPhone, iPad, and Android devices. The app's intuitive design makes the most of native iOS and Android capabilities to provide features that traders at every level need to stay on top of the fast-moving forex market. fxTrade Mobile ... Forex. Bekannt ist der Online Broker Oanda insbesondere für den Forex-Handel. ... Für alle Trader, welche bevorzugt unterwegs und von mobilen Geräten aus handeln, eignet sich die bei Oanda angebotene mobile Variante hervorragend. Die Trading Apps des Online Brokers ermöglichen Kunden Zugriff auf eine Vielzahl von Handelsinstrumenten. Und auch hier steht den Nutzern eine Reihe wichtiger ... OANDA Trade mobile and tablet apps. Access more than 50 technical tools, including 32 overlay indicators, 11 drawing tools, and 9 charts. Trade through charts. Tools. Powerful platform tools powered by TradingView. Over 65 popular technical indicators, ability to analyze forex price trends with charts ranging from 5 seconds and more. Developer portal. Our developer portal is packed with useful ... Was passiert, wenn meine Internetverbindung unterbrochen wird, während ich einen Forex- oder CFD-Trade platziere? Die mobile Handelsplattform von OANDA prüft automatisch, ob Ihr Mobilgerät mit einem mobilen Netzwerk oder Internet über WLAN verbunden ist. Ist Ihr Gerät nicht verbunden, werden Sie von der mobilen Trading-App von OANDA sofort benachrichtigt. Nach Platzieren eines Devisen ... Is FOREX.com better than OANDA? After testing 30 of the best forex brokers over five months, FOREX.com is better than OANDA. FOREX.com delivers an excellent trading experience for forex and CFDs traders across the globe. With competitive pricing, full-feature trading platforms, comprehensive market research, and a robust mobile app, FOREX.com ... OANDA's fxTrade mobile app is easy to use, provides quality market research, and includes excellent charting features (33 technical indicators). That said, like its desktop and web-based counterparts, it lacks in other areas important to everyday forex and CFD traders. OANDA provides mobile converters and mobile trading interfaces. The converters use OANDA Rate ... Trade currency on a mobile forex platform built as a native iPad app that serves up all your essential forex market data in a single view. FXTRADE MOBILE WEB. Keep a handle on your forex trading with fxTrade Mobile. See current rates, close open trades or positions, place new trades, and see a ...

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OANDA fx Trade Mobile Chart Trading - YouTube

Have a quick tour of trading on the powerful OANDA mobile trade platform. Trade on the go, anytime. Open and close trades directly from your charts on your m... You can customize your OANDA mobile trading platform to suit your trading needs. Set your defaults for trade size, take profit and stop loss orders. Create p... Download the OANDA trading platform on your smartphone, or tablet to access your trading portfolio and features on the go. Stay on top of trading opportuniti... Become a better trader by learning how to set up price alerts on the OANDA fxTrade mobile app and never miss another trading opportunity. To learn more about...

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