The future of Oandaradio currency trading would be really bright, if it was invented at all. In fact, Oanda, the name synonymous with online forex trading would get a huge boost if all that timely relevant information about currency trading was made available by radio frequency. As it stands now, the company called OANDA, which some people prefer to write in all capitals as shown, actually controls 20% of the online forex trading business. Get free forex trading videos.
Although there are no indications from the company as to whether there are any plans soon, information is currently available via mobile communications in the form of instantly available text messages on its way to the next Blackberry or Android smartphone device. The company was founded in 1995 by a professor of information technology from the University of Toronto in Canada. Because the business was built on solid ground, the year the dotcom bubble burst didn’t affect the company at all.
Business owners are the first to say that the chosen company name is neither an acronym nor the name of a remote African town, though it sounds like it. Still, there’s no denying that the name has come fairly close to being seen as its own currency, even as mighty Google lumps the word Oanda alongside rupees, shillings, and pesos in its search for financial keywords.
The company not only offers a forex platform to the web-savvy investors who prefer dealing in currency stocks online rather than any other method. Apparently, up to sixty percent of the forex transactions in the world are done seamlessly in Oanda’s servers. For a market that only sleeps during the weekend and transacts at a rate close to $4 trillion a day, the company’s reliable suite of online trading and analysis tools are mission-critical and therefore cannot afford to fail.
In the largest and most volatile financial markets in the world, reliability is key and the company has clearly demonstrated this trait in both the capacity of its internet servers and the strength of its software suite. Now just imagine how the fortress of free market competition codenamed only forex could benefit from radio frequency updates from Oanda equipment for every investor.
It’s unheard of, and it’s certainly not a bad idea to turn on the radio and listen to Oandaradio’s currency trading news. After all, while hands-free or Bluetooth devices are widely available to today’s drivers, there’s nothing quite like listening to the radio for updates on the world’s most-watched currencies. It’s doubtful anyone would object because listening to the news is second nature among motorists.