OANDA Japan to change margin requirements for EUR/NOK pair
Electronic trading company OANDA Japan plans changes to the trading conditions for the EUR/NOK pair.
The brokerage explains that, in view of the current market situation, it will raise the margin rate for corporate accounts effective May 30, 2022.
The change concerns business accounts that use fxTrade (NY server). The margin rate for the EUR/NOK pair will change from 2% to 3%.
OANDA warns that even after the increase, the margin rate may be revised again depending on market conditions. The broker recommends to traders to ensure that they have sufficient funds in their accounts.
OANDA Japan has been regularly enhancing its OANDA Lab education section. In April, for instance, it introduced a new indicator called “OANDA_Support_Resistance”.
The solution is recommended to traders using MT4 / MT5. As the name of the indicator suggests, it draws the levels of support and resistance on the chart. Specifically, the levels are calculated using fractals on three time axes: long-term, medium-term, and short-term. The level of support and resistance is displayed as dots.
In January 2022, the broker introduced OANDA Trading Analysis. This indicator helps to analyze the trading results of a certain strategy (profit, loss, risks, etc). This way, traders can assess whether their trading strategies are successful or not.
Another interesting addition is a ranking of the trading instruments offered by OANDA (Forex, CFDs, stock indices, commodities, and bonds) according to their price change (increase or decrease). This ranking enlists the top 10 movers for the past day.