I learned the basics of using the OANDA order book from a crab trader.
We were told by Mr. Kanit Trader about the beginner-friendly things to remember regarding the OANDA order book. It explains the basic usage of the order book, so it’s a must-watch video for those whose understanding is still vague. Also, since the order book is a convenient tool that lets you view the positions of traders who are trading with OANDA, if you are an OANDA user who has never used it, why not try using it while referencing this video?
What you can learn from this video
In this video, you can learn the following:
- Beginners should get used to viewing the non-cumulative order status of the order book
- An edge is created when the spread between the top-right and bottom-left stop-loss is biased to one side
- Focus on stop-loss orders rather than limit orders
- A prolonged touch to the stop-loss is likely to reverse
- The dollar-trade currencies tend to work more effectively, while it is less effective for events and economic indicators
● Video: 9 minutes 45 seconds
Kanit Trader Profile
Started YouTube Live on January 15, 2018. Schedules and streams all 12 hours of his trading from daytime to late night in real time. Under the themes “Make money, in front of you” and “Make money, in front of you too,” he publicly shares every limit order, stop-loss order, and entry every day.
YouTube Channel:fx Kanit Trader KazuYoung
How to watch FX videos
The section accessible to readers who purchase the article (at the bottom of this article) embeds FX videos. Click the play button to start the video.
