Just received an offer from Oanda. Deposit $2000, place a trade of any size, and we give you $250. WHOA! Is Forex / CFD trading really dying out?? I haven't seen the latest Forex / bucketshop numbers, but I suspect they must be way way down....
"...the degree to which you think you know, assume you know, or in any way need to know what is going to happen next, is equal to the degree to which you will fail as a trader." - Mark Douglas
But also maybe they make much more than 10% off their customers capital investments. I'll leave it to you to figure out how...
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I am sorry you feel this way. I heard good things of Oanda and my reflection of the "bonuses" was not to criticize them as a company, their execution or operation. However, if you read the entire terms and conditions you would see that first you need to qualify, then do one trade and you are not allowed to take the funds for 30 days. I am sure that statistically speaking, during those 30 days people do trade with these funds, so companies would not offer bonuses unless it resulted in a positive ROI. My post was simply to inform people to do further due diligence for any type of offer. This was my entire "agenda".
Having said all that, I am rather surprised that a customer of Oanada with such strong sentiment towards them would choose a title for a thread that starts with "Oanda Desperate", let alone mention "Forex / bucketshop numbers".
I am sorry you found my comments offensive, and I will not post on this thread further.
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