Take a closer look at some of the key risk management and trade execution features offered by the OANDA mobile app & watch the video with TraderNick to see them used in real time.
Discover more about the OANDA mobile app
OANDA has developed a mobile app for traders to use on the go. We’ve covered the app's key functionalities, and now it’s time to explore its advanced features.
OANDA mobile app explained by TraderNick
Watch the video with Nick Syiek (A.K.A.TraderNick) as he delves further into the functionalities within the OANDA mobile app. He explains the risk management tools and order types that are available to traders to stay on top of their trading.
Valuable features for traders on the go
- Intuitive and simple order management
When placing a new order, traders can select from various order types, configure trade size (in units), and set take profit and stop-loss levels. The app calculates everything for you, including pip values and price levels. This way, you can accurately manage your risk while on the go.
- Advanced features
Modify open positions directly from the app – adjust stop-loss, take profit, or trailing stops with ease. You can also reduce positions by specific unit amounts, making it easy to scale out of trades or take partial profits.
- Custom alerts
Stay on top of market moves and set personalized alerts to be notified only when it’s relevant for you. You can also set up alerts based on technical indicators like Simple Moving Average (SMA) crossovers on your chosen timeframes.
Watch the full video to see how these features work in real time and how you can streamline your trading while on the go.
This article and its contents are intended for educational purposes only and should not be considered trading advice. Forex trading is high risk. Losses may exceed deposits.
