Oanda lets me trade with just $1. My hedging strategy likes it

From the perspective of one who has been fiddling around with trial FX accounts on and off for two or three years now I am glad I found Oanda. I had been reluctant to deposit $100 into a forex account in the past little lone as much as I just deposited recently. Thanks to Oanda letting you trade as many or as few units as you want rather than making you trade in either 10,000 or 100,000 units, I found a strategy based on hedging and the assumption that what goes in one direction will eventually come back in the other, that is working well. My strategy would be too risky when restricted to 10,000 unless I had 50 times the amount I am currently trading with, but the absence of such restrictions makes it possible for me to use the strategy.

The only annoyances I've had is that there are a couple useful features in the FX Game platform that aren't in the FX Trade platform. The fact these features are missing is rather minor, but I did find the features in the FX Game platform that allowed you to reset the Realized Profit/Loss statistic and the feature that listed how many items were under a particular tab without the tab needing to be active in the tables section of the main platform window rather useful in the FX Game platform.

Malcolm 2010-08-28