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Should I dump Oanda forex and CFD trading
The actual video starts after a minute. This another Facebook live stream to teach about forex
As of today, I am find many more advantages with crypto as explained in this video
Forex:
pros: none
cons:
tiny moves (.5 % )
use 3x-10x leverage to get same moves as crypto
brokers are usually corrupt and will work against (except ECN)
commission fee via spreads
artificially stop loss (stop hunting)
CFDs
cons:
same as forex
tiny volume where the bars don’t move 3+ hours
Crypto (Binance)
pros:
potential high move (e.g. >1% moves in an hour)
no leverage needed
commissions fee are marginal (e.g. 0.1%)
cons:
they can cheat you/corrupt/manipulate on other exchanges others than Binance
https://quantlabs.net/blog/2018/12/should-i-dump-oanda-forex-and-cfd-trading/ |