Oanda allows you to manage lot size, leverage and risk

Hi guys here's a bit of info for all you newbees out there, free of charge from a trader who actully knows what hes talking about, Not many of them here!

200:1 leverage is way to high especially if your forced to buy "set lot sizes" exp. FXCM used to MAKE you trade "set mini lots" if you had $5000 or less, but if you had >$5000 you would be forced to trade "full lots".

Why? Because if you could trade "mini lots" with $10000 then you could effectively diversify your total market exposure with more position while keeping the leverage risk to your account relitively low alowing you a chance to make money, so another way to use leverage effectively is to include the ability to manipulate the "lot Size" thus making your overall market exposure more managable with respect to you account size, if you dont have any idea what am talking about you shouldnt trade.

Oanda allow you to manipulate the lot and leverage size, not many out there will allow that. Ok on to my gripes, i cant seem to find a way to execute a "one cancels the other" order n also id like to see a weekly chart and chats with no weekend break, dead bar are pointless!!

The Master, Goforex 2011-03-12