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expiredtintino posted Oct 30, 2023 07:18 AM
expiredtintino posted Oct 30, 2023 07:18 AM

$500 bonus when you deposit $1500 with OANDA (new customers only = profit ~$484 in 60 days

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https://www.oanda.com/us-en/welcome/
Offer ends on 31 January 2024

OANDA (Forex broker) is offering a $500 bonus when you deposit $1500 and trade $100000 USD ON LEVERAGE 50:1 and maintain the deposit for 60 days.


If you have no clue about FOREX here's a simple "plan" how to profit 30%+ in 60 days with 0 risk:

Open the OANDA bonus offer account (link above) and deposit $1500
Execute 2 trades to buy and immediately sell 50000 EURUSD .

At OANDA, the spread is 1.5 - 1.6 pips during non volatile trading hours like at 7:12PM EST for example.
Which means when you do this BUY/SELL flip (of 50K Euro twice) you will instantly lose $15 or $16 due to the spread... but you have now fulfilled the requirement of trading $100000.
So you profit $484 which you can withdraw after 60 days along with your initial deposit of $1500.


WARNING :

DO NOT try to do this during highly active trading hours (IE: 3AM EST to 4PM EST Monday-Friday). During those time the London and New York sessions are active and markets sometimes move fast and sometimes there are news releases during those times that can make the market move instantly many dozens of pips.



What's a "pip"?
A pip of EURUSD means the 4th number after the decimal. You will see the prices in your trading platform (IE: TradingView) look like this: 1.05272 *That's how much USD it costs to buy 1 EURO at that time.
The "pip" is that "7" in 1.05272 price.
If price moves up from 1.05272 to 1.05282 and you were holding 100000 EURO's in your base Currency of USD, your trade increased in profit by $10.




Just because you hit BUY and SELL quickly, twice, to steal this bonus from OANDA doesn't make you a trader ...obviously.
If you're interested in actually trading FOREX long term:
Plenty of strategies on youtube, but be forewarned, don't trade live funds unless you're profitable paper trading for 6months.
Most traders who attempt to trade without first selecting, backtesting and paper-trading a strategy, will lose money.
It;s not the amount of pips you make in a trade that matter, it's your win-loss ratio and your maximum drawdown during a trade.It will take time and backtesting to figure out those 2 important numbers.

These 2 numbers you have to have figured out before you jump in trading a real money account - because those 2 numbers tell you how much you should buy or sell per trade (your risk per trade) and not blow your account.

Hope this helps. GL !
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Community Notes
About the Poster
https://www.oanda.com/us-en/welcome/
Offer ends on 31 January 2024

OANDA (Forex broker) is offering a $500 bonus when you deposit $1500 and trade $100000 USD ON LEVERAGE 50:1 and maintain the deposit for 60 days.


If you have no clue about FOREX here's a simple "plan" how to profit 30%+ in 60 days with 0 risk:

Open the OANDA bonus offer account (link above) and deposit $1500
Execute 2 trades to buy and immediately sell 50000 EURUSD .

At OANDA, the spread is 1.5 - 1.6 pips during non volatile trading hours like at 7:12PM EST for example.
Which means when you do this BUY/SELL flip (of 50K Euro twice) you will instantly lose $15 or $16 due to the spread... but you have now fulfilled the requirement of trading $100000.
So you profit $484 which you can withdraw after 60 days along with your initial deposit of $1500.


WARNING :

DO NOT try to do this during highly active trading hours (IE: 3AM EST to 4PM EST Monday-Friday). During those time the London and New York sessions are active and markets sometimes move fast and sometimes there are news releases during those times that can make the market move instantly many dozens of pips.



What's a "pip"?
A pip of EURUSD means the 4th number after the decimal. You will see the prices in your trading platform (IE: TradingView) look like this: 1.05272 *That's how much USD it costs to buy 1 EURO at that time.
The "pip" is that "7" in 1.05272 price.
If price moves up from 1.05272 to 1.05282 and you were holding 100000 EURO's in your base Currency of USD, your trade increased in profit by $10.




Just because you hit BUY and SELL quickly, twice, to steal this bonus from OANDA doesn't make you a trader ...obviously.
If you're interested in actually trading FOREX long term:
Plenty of strategies on youtube, but be forewarned, don't trade live funds unless you're profitable paper trading for 6months.
Most traders who attempt to trade without first selecting, backtesting and paper-trading a strategy, will lose money.
It;s not the amount of pips you make in a trade that matter, it's your win-loss ratio and your maximum drawdown during a trade.It will take time and backtesting to figure out those 2 important numbers.

These 2 numbers you have to have figured out before you jump in trading a real money account - because those 2 numbers tell you how much you should buy or sell per trade (your risk per trade) and not blow your account.

Hope this helps. GL !

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19 Comments

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Oct 30, 2023 10:43 AM
4,989 Posts
Joined Jan 2005
SonofZeusOct 30, 2023 10:43 AM
4,989 Posts
What's their leverage on other trades?
Last edited by SonofZeus October 30, 2023 at 03:49 AM.
Original Poster
Oct 30, 2023 10:59 AM
1,606 Posts
Joined Jun 2009
tintino
Original Poster
Oct 30, 2023 10:59 AM
1,606 Posts
Quote from SonofZeus :
What's their leverage on other trades?
Spreads and Margin here: https://www.oanda.com/us-en/trading/forex/


I would say EURUSD is the best choice I think in terms of ROI for this flip
Oct 30, 2023 11:02 AM
4,989 Posts
Joined Jan 2005
SonofZeusOct 30, 2023 11:02 AM
4,989 Posts
Quote from tintino :
Spreads and Margin here: https://www.oanda.com/us-en/trading/forex/


I would say EURUSD is the best choice I think in terms of ROI for this flip
Thanks for the prompt reply.
Have you read the relevant DOC thread?
Some flippers have reported several months ago that they only received their promised/earned bonuses after "going full Karen".
Original Poster
Oct 30, 2023 11:06 AM
1,606 Posts
Joined Jun 2009
tintino
Original Poster
Oct 30, 2023 11:06 AM
1,606 Posts
Quote from SonofZeus :
Thanks for the prompt reply.
Have you read the relevant DOC thread?
Some flippers have reported several months ago that they only received their promised/earned bonuses after "going full Karen".
Where's that thread? I haven't sorry.
Oct 30, 2023 11:24 AM
4,989 Posts
Joined Jan 2005
SonofZeusOct 30, 2023 11:24 AM
4,989 Posts
Quote from tintino :
Where's that thread? I haven't sorry.
Check your messages.
Oct 30, 2023 08:52 PM
72 Posts
Joined Jan 2015
KarbunksterOct 30, 2023 08:52 PM
72 Posts
Posting this as a comparison:
The current annual return rate for 4 week TBills (very low risk) is 5.4%, i.e. 1 year investment of $100K would yield ~ $5,400
https://www.treasurydirect.gov/au...a-results/
Oct 30, 2023 09:35 PM
223 Posts
Joined Nov 2019
VesmicOct 30, 2023 09:35 PM
223 Posts
Lmao. 500 easy dollars. Just have 100k liquid.
1

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Oct 30, 2023 10:18 PM
889 Posts
Joined Dec 2007
n1kthequickOct 30, 2023 10:18 PM
889 Posts
Lots of special people in this thread. A 33% return for 60 days is great assuming you don't lose too much money. If you deposit 1500 - each trade, buy and then sell is 3k round trip. It would take 34 1500$ trades to hit that 100000 req. That's roughly a trade every other day and you would need to see what there commission fees are, if it's 0 and you go for quick scalps , might be worth doing for those ambitious enough to
Oct 31, 2023 12:11 AM
1,103 Posts
Joined Jan 2019
MemorableStew1728Oct 31, 2023 12:11 AM
1,103 Posts
I think most people in this thread don't get the leverage part. You're putting up 1500 that'll allow you to trade 100K worth. You can do that amount in a single trade.
Oct 31, 2023 01:37 AM
5 Posts
Joined Nov 2014
jjashinOct 31, 2023 01:37 AM
5 Posts
FYI: Tier 2
Initial Deposit Amount (USD) $50,000+
Minimum Notional Trade Volume (USD) $50,000,000
Welcome Bonus (USD) $10,000


https://www.oanda.com/assets/docu...102023.pdf

Minimum Notional Trade Volume: "roundtrip" Buy and Sell combined
Trades can be made in any currency pairs offered by OANDA and, for purposes of
determining the Minimum Notional Trade Volume, different currency pairs will have
different notional values. For example, one (1) lot (i.e., 100,000 units) of EUR/USD will have
a notional value of approximately USD 117,000 to open and approximately USD 117,000 to
close; thus, a "roundtrip" of one (1) lot of EUR/USD will have a notional trade volume of
approximately USD 234,000. Note: The value of the trade is determined by the exchange
rate between the base currency of a currency pair and the nominated currency of the
Qualifying Applicant's OANDA account.

Oct 31, 2023 02:38 AM
360 Posts
Joined Aug 2017
FreedomDealsOct 31, 2023 02:38 AM
360 Posts
I mean how are the spreads? crazy to think you could slip and at 100x leverage you could lose $1500 trying to get $484 bonus

If anyone actually done it please share experience, thanks for posting
Original Poster
Nov 01, 2023 04:25 AM
1,606 Posts
Joined Jun 2009
tintino
Original Poster
Nov 01, 2023 04:25 AM
1,606 Posts
Quote from Karbunkster :
Posting this as a comparison:
The current annual return rate for 4 week TBills (very low risk) is 5.4%, i.e. 1 year investment of $100K would yield ~ $5,400
https://www.treasurydirect.gov/au...a-results/
Quote from Vesmic :
Lmao. 500 easy dollars. Just have 100k liquid.
Quote from n1kthequick :
Lots of special people in this thread. A 33% return for 60 days is great assuming you don't lose too much money. If you deposit 1500 - each trade, buy and then sell is 3k round trip. It would take 34 1500$ trades to hit that 100000 req. That's roughly a trade every other day and you would need to see what there commission fees are, if it's 0 and you go for quick scalps , might be worth doing for those ambitious enough to
Quote from FreedomDeals :
I mean how are the spreads? crazy to think you could slip and at 100x leverage you could lose $1500 trying to get $484 bonus

If anyone actually done it please share experience, thanks for posting



all the comments and I assume all the negative votes are probably from people who just din't understand my post.


All you need to deposit is $1500
That allows you to hit BUY and SELL on about 70K of EUR, Leverage (margin) is when you put down only a bit of money to control more. In this case 50 times more . Because Oanda has 50:1 levrage.


Did you actually read my post?
You deposit $1500 , open the trading app at a low volatile time ( it won't move at all between your BUY and SELL if you do this between 6pm EST and 7PM EST (pretty much extremely low volatility at that time).


Just enter 50000 in the lot size (your buying 50K worth of EURO) . Then hit BUY and immediately SELL. 2 very easy to click buttons . And you do this twice, and that fulfills your requirement of trading 100K USD. And you're DONE. 60 days later withdraw your initial 1500 + 500 - $16 it cost you for the spread when you executed the 2 trades.

Doesn't get any simpler, but you just didn't read or didn't understand.


The only you'd lose more than $16 is if you let your open position linger open...another words if you hit BUY and forget to hit SELL immediately...If you leave your trade open, and check the next day either you will be way up in profit or your trade was closed when market moved against you a lot and it took half of your margin. OANDA closes all your trades when your equity reaches 50% of the margin required...
Last edited by tintino October 31, 2023 at 09:53 PM.
Original Poster
Nov 01, 2023 05:15 AM
1,606 Posts
Joined Jun 2009
tintino
Original Poster
Nov 01, 2023 05:15 AM
1,606 Posts
As far as actually trading a strategy, sometimes I use a very simple strategy of bracketing the 4 hour candle bar that opens at 21:00 EST Wednesday and closes at 01:00 EST Thrusday when that bar is at the high of the day or the low of the day. It can flip me a few times, if it breaks above and then goes below... but that bar is usually small and I don't trade more than 1% of capital and forex has tendency to turn around Wed or Sun at that bar (again that is the 9PM EST bar on the 4 hour chart) and make big moves after that. What I do is take 50% out as soon as it ran the range of the bar. That covers my trade if it then flips me, but still allows the rest of 50% to run and make a profit. I'm sure anyone who never traded will be looking at this post and will make no sense. Sorry :/
Original Poster
Nov 01, 2023 05:33 AM
1,606 Posts
Joined Jun 2009
tintino
Original Poster
Nov 01, 2023 05:33 AM
1,606 Posts
Quote from jjashin :
FYI: Tier 2
Initial Deposit Amount (USD) $50,000+
Minimum Notional Trade Volume (USD) $50,000,000
Welcome Bonus (USD) $10,000


https://www.oanda.com/assets/docu...102023.pdf

Minimum Notional Trade Volume: "roundtrip" Buy and Sell combined
Trades can be made in any currency pairs offered by OANDA and, for purposes of
determining the Minimum Notional Trade Volume, different currency pairs will have
different notional values. For example, one (1) lot (i.e., 100,000 units) of EUR/USD will have
a notional value of approximately USD 117,000 to open and approximately USD 117,000 to
close; thus, a "roundtrip" of one (1) lot of EUR/USD will have a notional trade volume of
approximately USD 234,000. Note: The value of the trade is determined by the exchange
rate between the base currency of a currency pair and the nominated currency of the
Qualifying Applicant's OANDA account.



You don't want to do that offer (deposit 50k USd and trade 50 million).
Why?
Because you can't just hit BUY and Immediately SELL.
Doing so on a 50,000,000 lot size will instantly cost you $8000 minimum for the spread. If market moves even a single pip thats $5000 extra you can lose. Not worth that risk unless you're actually a profitable forex trader (which you're not if you're looking at this). Noone in their right mind would trade a 500 lot (50,000,000) on a 50K account. Unless by any chance I passes a prop firm challenge which only cost me like $800 and looking to either flip it to hundreds of thousands profits or lose it....The chance of this flip is very slim though you have to be very precise and lucky to time your trade and market doesn't move against you. It's possible though, on breakouts with proper execution.... and if you really don't care about having lost time to pass the prop firm challenge and losing your $800-$1000 you spent on the challenge.... again this will be one of those posts that only traders will understand :.. Sorry Yall :/
Last edited by tintino October 31, 2023 at 10:40 PM.

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Nov 01, 2023 06:10 AM
26,585 Posts
Joined May 2006
namlookNov 01, 2023 06:10 AM
26,585 Posts
Quote from SonofZeus :
Thanks for the prompt reply.
Have you read the relevant DOC thread?
Some flippers have reported several months ago that they only received their promised/earned bonuses after "going full Karen".
It seems like the terms and conditions of this promotion allow them to do anything they want including not paying out the bonus on a whim if they don't like you.

OANDA reserves the right to cancel, revoke or withdraw the Promotion at any time in case
of any suspected abuse of the Promotion by a participant.

OANDA may at any time at its sole and absolute discretion, without notice or assigning any
reason therefore, terminate this Promotion, or delete, vary, supplement, amend, restrict,
withdraw or modify any one or more of these Promotion Terms in such manner as OANDA
thinks fit, including without limitation, the eligibility of any client..

The decision of OANDA on all matters relating to the Promotion shall be final and binding
on all participants and any other persons, including, without limitation, any decision to
cancel or suspend the Promotion and thereafter no correspondence(s) will be entered into


DOC

"For those who signed up in 2022, completed requirements, and are still fighting for the full $500 bonus, there is hope. I received the full amount just now after going full Karen on them

Same. They will pay, you just have to fight them. Filed with NFA, no response. Filed with BBB, this seems to make the difference.

What did u do to convince them to pay the bonus?

I think my CFTC complaint was starting to get to them, but I did threaten to complain to all 50 attorneys general.
"
Last edited by namlook October 31, 2023 at 11:16 PM.

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