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Old 04-15-2008, 03:05 PM
fireeee fireeee is offline
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Join Date: Sep 2007
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Listen me and listen me good.I`ve been trading with Oanda for 10 months. Oanda and all the metatrader brokers are MarketMakers.For those who don`t know what marketmaker means i will explain.The marketmaker does not execute your order on the real forex market. You play poker with them, but the only thing is that you don`t see your cards. Oanda executes orders from 1$. 1$x50 laverage = 50$ .There is no real broker that will execute order less then 1 lot( 1000$) on the floor market. Since they dont execute anything lets stop talking about hedging. Even more I was using a simple breakout system which seemed to be profitable for the previous 1 year on the backtests I`ve done.When i started trading it live with 100$ it proved its profitability. I was encouraged so I have put in the account 3000$ and started trading and guess what the miracle happened the system became looser. stopped for 1 point, opened limit order by sudden peak by the spread, wrong direction of the news and many other fortuitous events. Day after day I was loosing margin till the day I understood its not random. They have funds and use them to move the market so you can loose .If you dont believe me just remember what I told you and one day when you find profitable system you won`t wonder it is profitable on the demo account only. If you want to see a real broker here it is Forex Broker Dukascopy Suisse SA
minimum account 50000$
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