Okay so on Oanda I see one gets free Thomson Reuters - IFRMarkets feed. Is there any objective info on how profitable (or otherwise) the trading recommendations tend to be? Anyone use it much and have any feedback?
If one watched it like a hawk 8 hours a day and followed all recommendations...
Thanks, Rhody. Really appreciate a pro taking time to answer such a question. (I previously listened to the MP3 of an interview you did that's in article section.) I know I should know such stuff before trading, but cynic in me wonders why there's no easy calculator on Oanda saying: if you...
Thanks very much. It helps a lot. The reason why I've been demo-ing with Oanda tho is no fixed lot size - but your calculation still helpful. On the last paragraph I might've misunderstood, cos if it goes against you a single pip and closes you couldn't even open a position with a 1 pip...
Sorry about possible simplicity of my question - maths is not my strong suit.
Say I'm with Oanda and have 10k capital, with 50:1 leverage - so can trade $500,000 worth in a single trade. I want to trade EUR/USD. How much should I stake to mean I only get a margin call when the trade goes...