Begginer Question

[jasoncartwright]

Quote from rateesquad:

I use Oanda, and don't have any problems with them.

FXCM charges to much on the spreads. Oanda is much cheaper. I would take Oanda if I were you, b/c they got a bunch of exotics that you can mess around with. Taiwan dollar, chinese yuan, turkish something, etc, etc, etc.

I am a customer with Oanda. None of those currencies are on the platform.

You're right, they do offer a few exotics, but nothing too exciting. I have traded USD/MXN and EUR/HUF a bit, and like to be able to do that, but the reason I am with Oanda is because I am a low volume, conservative trader. I like the interest on the balance, continual interest, and ability to make extremely small trades.

If I were more active, I would have issues. I actually use other brokers for my active trading.

That being said, they work for one style I trade (long term, low volume, small trades.)