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- moneymike replied Aug 8, 2011
I gave up if you are Foolish to trade during the weekend Good luck to you.OANDA Discussion
- moneymike replied Aug 8, 2011
This was the scenario someone opened a Trade before the market closed, allowed it to run over into the weekend. their trade was stopped out and they are blaming weekend spread as the culprit. my point is once you lock a spread any other spread ...
OANDA Discussion
- moneymike replied Aug 8, 2011
Exactly what ive been saying it was price movement that took Him out and Not spread increasing over the weekend. i've kept trades opened over the weekend lots of time and never was taken out by spread increase.
OANDA Discussion
- moneymike replied Aug 8, 2011
look at your chart Look at what it closed at on friday and what it opened at on sunday it's almost never the same. You got to account for a price spike
OANDA Discussion
- moneymike replied Aug 8, 2011
what your talking about is price movement not spread increase. you set a trade in something unexpected happens during the weekend when the market opens the price moves to reflect that event for example a Chinese rate hike, or idk the us being ...
OANDA Discussion
- moneymike replied Aug 8, 2011
Then you tell me how can the spread increase affect you After you've already entered a trade at a lower spread If i was in a trade before a news event and paid 2 pips and i decide to keep it open during the news event and spreads increase to 15 pips ...
OANDA Discussion
- moneymike replied Aug 8, 2011
Once your in a trade you lock your spread Philodox said that he was in before the market closed for the weekend, So he likely was not quoted the weekend Spread, Logic would dictate that the reason he was taken out was a spike.
OANDA Discussion
- moneymike commented Aug 8, 2011
But The S&P Creditably and timing should be questioned, The Us has had huge Budget and trade deficits for decades why now why months before an election, Also the cuts they were seeking were dangerous $4 trillion in spending cuts and taxes would ...
S&P Seen Surrendering to Tea Party Costing U.S. Taxpayer
- moneymike replied Aug 8, 2011
how does the weekend spread affect you if you're already in the market?
OANDA Discussion
- moneymike replied Aug 7, 2011
well if your already in a trade then the spreads don't affect you anymore, Now what happens is that the market spike but all traders know the risk of market spikes over the weekend. More so when the us is downgraded for the first time ever. And a G7 ...
OANDA Discussion
- moneymike replied Aug 7, 2011
you entered a trade at 3pm on a sunday evening when not a single processing bank is open, Better yet you opened a position without checking the spread.

OANDA Discussion
- moneymike replied Aug 5, 2011
There's No minimum for deposits. there are better Brokers But not all brokers are right for everyone. My trading experience is good i chose them because i have only ever experienced 2 Slippage and that was due to my internet connection. some worry ...
OANDA Discussion
- moneymike replied Aug 4, 2011
There was Great Volume today, reminded me of the days when the euro fell like a Brick.
OANDA Discussion
- moneymike replied Jul 30, 2011
because There Aren't any Movements During the weekend, It Not wise To open trades During the weekend Because the Spread Are sky High. the only advantage is that you can close a trade if you see fit. otherwise the Market is DEAD.
OANDA Discussion
- moneymike replied Jul 17, 2011
Person with A million dollars like Sorros or Buffet wouldn't trade with brokers like Oanda. they would Probably in my estimate set up a deal with the Dealing banks themselves, it would be wiser to go straight to the source.
OANDA Discussion
- moneymike replied Jul 16, 2011
I Never said i did it.The only weekend Trading activity i ever did was close out trades. That has come in handy. If you wanna trade on a Saturday It's your decision. if you don't like the spreads wait till the markets Open.
OANDA Discussion
- moneymike replied Jul 16, 2011
Other Brokers Don't as far as i know Oanda is the Only broker that allows weekend trading. Other Brokers simply show their spreads that they had prior to the market closing. as soon as the market opens they adjust it accordingly. the High spread in ...
OANDA Discussion
- moneymike replied Jul 15, 2011
Ok let me tell you my background. When i first started trading i traded with Alpari Uk. the platform was Unstable to say the least i would get re-quoted During low Volatility. I experience many periods where i couldn't even access their server. Or ...
OANDA Discussion