Quote Originally Posted by ;
Yes Forexlion,

I also use Oanda as one of my brokers.

I'm also well aware that Oanda does not offer 1 percent margin....only 2% or greater. Why??? I'm aware they offer a buck for openers I don't know...I'm sure the paperwork to open up the account costs them money....though I'm sure they've that conclusion worked out.

So your buck is not working over there at 100-1....most Oanada provides is 50-1....

This is the Kind of B.S. that lots of readers ought to have jumped around....yet not 1 answer!!! Wonder why Does this offer that pie-in-the-sky fuzzy feeling of getting rich with nothing....yet the thread Starter was bashed for stating many truths of this trading FX world.

I'm beginning to know more and more daily why the more effective traders decide to withhold help and assisstance....Not most want to hear the TRUTH....Many would rather listen to MARKETING HYPE!
I must agree with you. We wanna assist people make a success from FX but nevertheless they are stubborn and ignorant and feel that Jesus/Buddha/their own opinions/their unrealistic dre/what-the-drunk- guy-next-to-them-in-the-bar-once-said....etc....will assist them make money in FX

I always remember what my initial broker told me I found out that zar/usd is not a major currency with them but an exotic currency (that's virtually untradable cause it requires around a minute to get a quote however the currency can move 1000 pips a day)....he said: Sir there is no easy money to be made from FX. I will never forget this statement coming from somebody that has been in the business for 20 years.