FXTrade was updated by Oanda. 1 overdue addition would be the ability to draw on Fibos. Still really charting capability, however.
But they've added a brand new method to exchange known as Box Options. Box options utilize the same principles as the options marketplace a lot of you know and appreciate, but it seems to be more Oanda. You might even get choices as few as five minutes outside ... that is right, five minutes.
How it works is quite easy. You draw on on a box directly and scroll the chart. Then you enter your cost for buying that choice ... basically betting that the price will probably strike that box (or rather will miss it). Oanda provides the payoff dependent on the option cost to you, you then pull or cancel on the trigger. Max reduction is the option cost.
Interesting instrument, in my view. What do you believe??? Useful? Silly? How to make the most of it? What's the advantage/disadvantage of boxoptions over placing on a transaction and selecting a management?
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