With over 25 years of experience, OANDA offers leading tools, powerful platforms and transparent pricing. This consists of daily commentaries and video analysis as presented by OANDA analysts. The aim is to give you an idea on how to proceed based on the analysis and price movements surrounding various assets. I found them to be insightful but would always do my own market analysis before taking any position. Dow Jones FX Select delivers real-time global FX news, commentary and analysis directly to your trading portals and mobile applications.

  • They have tight spreads from 0.0 pips, low commission fees and rapid execution speeds.
  • The OANDA API combines robust trading technology with quality execution so you can leverage CQG’s robust market data, analytics and electronic trade routing tools.
  • This gives the client more flexibility in their trading and aids in their overall risk management.

While that may be true, the October decline makes another rate hike on December 5 much less likely after the RBA ended a four-month pause in November. Which currency pairs are the most interesting to consider as part of your forex trading strategy in December 2023? This article uses fundamental analysis and price action to explore the top 5 FX pairs to watch this month. The above are just a few examples of factors that may influence the FX markets, the changes in the supply and demand balance leads to currency prices fluctuating against each other. Benefit from the speed and raw processing power of the CQG FX platform.

Research Tools and Insights 🛠

OANDA generates revenue via the spread that it then offers to the client, as is the norm in the brokerage industry. Commission charges are aggregated and posted to client accounts as cash adjustments. Continuously scan and analyze the intraday markets using automatic chart pattern recognition and pattern quality indicators.

I think it is good that everything is available under one roof so it saves you from needing to get your information from multiple different sources. That being said, it can also be considered beneficial to verify ideas from as many places as possible. The broker lists its business hours for phone and live chat support as Sunday 4 p.m. OANDA’s representatives were courteous and knowledgeable when they were accessible.

The FIX API is an API, based on the FIX protocol, and used to communicate directly with the OANDA Server through FIX messages. It is a protocol, designed for exchanging electronic messages, containing financial information – the dominant protocol, used for electronic trading. This is a flexible tool that allows you to develop any algorithm using any programming language.

  • If you overpay, credit will be applied to your account; this allows you to prepay if desired.
  • Build a stronger trading strategy with our range of powerful tools.
  • REST or Representational State Transfer is an API that involves using HTTP for making requests.

It will follow jobs and GDP data, though, which could point to a further slowdown in the economy under the weight of high interest rates. While we can talk about other central banks, it’s the US that’s really going to set the tone for the end of the year and the start of 2024. The Federal Reserve meeting on December 13 is the headline act and may well determine how we end the year. But there’s plenty to come before then that will influence whether policymakers can accept the tightening cycle is over and allow investors to dream of a world of lower rates next year.


There is also a commission plus raw-spread model available for traders who meet the right criteria, which can work out cheaper than standard spreads. Craig offers insights on technical and fundamental analysis, while conducting commentary from a macroeconomic perspective. Oanda offers a market insights podcast from its very own market analyst Craig Erlam, who has over five years experience working as both a financial market analyst and trader. If you want to use Oanda’s API to automate your trading strategies, you need to install the Oanda API. The Oanda API allows you to access Oanda’s trading data and execute trades automatically. Identify potential trading opportunities using the powerful analysis tools available on our platform.

Trade Experience

Now that you’ve taken a detailed look at some of the currency pair options to consider as part of your FX strategy, you may want to learn more about trading forex with OANDA. EUR/USD has rebounded over the last month as markets have increasingly priced in the end of Fed tightening and an earlier rate cut in 2024. It saw some resistance around 1.10 at the end of November, which could be a psychological hurdle for the pair. If the economy is performing well, unemployment may fall creating a tighter labor market, higher wages, higher demand and more inflation.

Step 5: Configure the trading platform

For beginners there are some very helpful educational resources and a dedicated support team to help you along the way. It only takes a few minutes to sign up with no minimum deposit required. You can also trade on a free demo account to build your confidence and get a feel for what the broker has to offer before making any investment. I think that OANDA can be a great choice of broker for anyone looking to trade in a well-regulated environment with industry leading trading conditions. OANDA advertises that it offers a trading analysis application powered by Chasing Returns, which analyzes the client’s trading history.

Ignoring that the economic consequences of this train of thought will stay with the U.K for a long time to come. The broker is regulated by 8 top-tier entities, including the U.S., UK, Australia, Canada and Japan. Most VPS providers offer pre-installed operating systems, but if you need to install it yourself, you can follow the instructions provided by the VPS provider. Once you have chosen a VPS provider, the next step is to choose your operating system.

MultiCharts platform plug in

Our API combines robust trading technology with quality execution so you can leverage CQG’s robust market data, analytics and electronic trade routing tools. Oanda currently has its place in our list of best forex trading platforms. Oanda’s research is top class and hits all the right points to create a high-quality, well-rounded offering that includes; expert economic analysis, live news feeds, calendars, and progressive data analytics.

Using our partner virtual private services (VPS), you can run automated trading strategies continuously across our range of OANDA Trade platforms, MetaTrader4 (MT4) and partner APIs. Join our Elite Trader program and we’ll cover your VPS subscription. TradingBrokers.com is for informational purposes only and not intended for distribution or use by any person where it would be contrary to local law or regulation. We do not provide financial advice, offer or make solicitation of any investments. There are free demo accounts if you would like to practice trading online and see what the broker has to offer before making a financial commitment. I think this is a great way to get a feel for the OANDA platforms and plethora of superb tools they have available.

The broker has a team of expert analysts who present insightful news, market analysis and commentaries. This can be great for inspiring trade ideas and helping with making informed decisions. They have been recognised with over 50 industry awards over the years, in different areas including trading platform features, mobile apps, customer oanda vps service, risk management, trader education and more. This shows that they have all angles covered and I would personally consider them to be amongst the best brokers for trading online. OANDA’s analysis tools allow traders to test their strategies using common coding languages and analyze the effect of economic news directly on charts.