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  • #1,241
  • Nov 6, 2010 8:02pm Nov 6, 2010 8:02pm
Quoting georgem
In what way can this be profitable for oanda? Are they reducing their risk?
http://fxtrade.oanda.com/legal/risk-warning

From Oanda's Risk Disclosure Statement:



"The off-exchange foreign currency trading you are entering into is not conducted on an interbank market, nor is it conducted on a futures exchange subject to regulation as a designated contract market by the Commodity Futures Trading Commission. The foreign currency trades you transact are trades with the futures commission merchant or retail foreign exchange dealer as your counterparty. WHEN YOU SELL, THE DEALER IS THE BUYER. WHEN YOU BUY, THE DEALER IS THE SELLER. As a result, when you lose money trading, your dealer may be making money on such trades, in addition to any fees, commissions, or spreads the dealer may charge."


"Any trading platform that you may use to enter off-exchange foreign currency transactions is only connected to your futures commission merchant or retail foreign exchange dealer. You are accessing that trading platform only to transact with your dealer. You are not trading with any other entities or customers of the dealer by accessing such platform. The availability and operation of any such platform, including the consequences of the unavailability of the trading platform for any reason, is governed only by the terms of your account agreement with the dealer."



"...when you lose money trading, your dealer may be making money"

So, of course, when you make money, your dealer is losing money. What other incentive for interrupting potentially profitable trading conditions need there be?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,242
  • Nov 6, 2010 8:20pm Nov 6, 2010 8:20pm
............!! Man...every time I think I saw everything about how naive retail trader are, you guys come and show me that there is still more to see!!

I guess people have too much time in their hands to come here and complain over and over again, knowing that the brokers are laughing their way to the bank (with your money). I'm a pragmatic kind of person and I really apologise for trying to help .

It was the same story with the SEC de-leveraging. Retail traders live in a fairy tale world..... I guess you guys have to spin this kind of cocoon around yourselves because the harsh reality out there is too much....right?

For as long as there is a problem to use as excuse and silence your brain about the fact you are losing money you guys are happy.

Ok...so go ahead folks flood forums with complaints....I can even picture Mr Stumm at his pool in his million dollar house sipping margaritas and ........at you guys .
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  • #1,243
  • Nov 6, 2010 8:26pm Nov 6, 2010 8:26pm
Quoting Platypus
Ok...so go ahead folks flood forums with complaints....I can even picture Mr Stumm at his pool in his million dollar house sipping margaritas and ........at you guys .
Plat, the only people not complaining are the demo account traders and the bitches on the payroll.

Where do you trade, by the way?
"If The Fool persists in his Folly he will become wise." - William Blake
  • #1,244
  • Nov 6, 2010 8:46pm Nov 6, 2010 8:46pm
Quoting The Fool
Plat, the only people not complaining are the demo account traders and the bitches on the payroll.

Where do you trade, by the way?
If you dig my old posts you will see where I trade, but that's not the point.

My point is that people keep complaining but don't do anything about it. If Oanda or any other broker out there start to lose clients in a significant way you will see how the problems will suddenly disappear .

Now that said I can't really blame the broker because if you trade the news you are screaming at them " hey...here come and screw me!!! PLEASE!!

So much easy to aim for the weekly movements over 100 pips, no broker can legally screw you this way.
  • #1,245
  • Nov 6, 2010 8:47pm Nov 6, 2010 8:47pm
Quoting The Fool
Plat, the only people not complaining are the demo account traders and the bitches on the payroll.
I'm not on the payroll. I did have problems with the platform this week during FOMC and NFP but nothing that I haven't experienced elsewhere but I was already in the market for NFP and my T/P's were executed perfectly. Unfortunately for me they didn't slip them 20-30 pips in my favour this time.
Nothing worth having is easy.
  • #1,246
  • Nov 6, 2010 8:49pm Nov 6, 2010 8:49pm
Quoting Patience
I'm not on the payroll. I did have problems with the platform this week during FOMC and NFP but nothing that I haven't experienced elsewhere but I was already in the market for NFP and my T/P's were executed perfectly. Unfortunately for me they didn't slip them 20-30 pips in my favour this time.
Ohhhhh.....Patience is on the payroll for sure !!!!
  • #1,247
  • Nov 6, 2010 8:50pm Nov 6, 2010 8:50pm
Just kidding Patience....you know how much I love you !!
  • #1,248
  • Nov 6, 2010 8:51pm Nov 6, 2010 8:51pm
Quoting Platypus
Ohhhhh.....Patience is on the payroll for sure !!!!
I can't help that I'm a good gambler. You taught me well
Nothing worth having is easy.
  • #1,249
  • Nov 6, 2010 8:55pm Nov 6, 2010 8:55pm
Quoting Patience
I can't help that I'm a good gambler. You taught me well
Add a brit accent....but don't blame me......gambling is a word that should not exist in a traders lexicon
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  • #1,250
  • Nov 6, 2010 9:04pm Nov 6, 2010 9:04pm
Quoting The Fool
Plat, the only people not complaining are the demo account traders and the bitches on the payroll.

Where do you trade, by the way?
evil-brokers-who-took-my-money.com

Quoting Platypus
if you trade the news you are screaming at them " hey...here come and screw me!!! PLEASE!!
Of all the dickhead posts you've just made, this is the only thing I agree with.

Just stay away from news releases folks.
  • #1,251
  • Nov 6, 2010 9:07pm Nov 6, 2010 9:07pm
Quoting Platypus
Add a brit accent....but don't blame me......gambling is a word that should not exist in a traders lexicon
Oooohhhh errr, yep, that's me all right. Well I can hardly call myself a trader because I've never been properly trained nor have I passed an exam. So does that mean I can go and read a few legal case studies on lexisnexus and call myself a lawyer?

Love you too by the way
Nothing worth having is easy.
  • #1,252
  • Nov 6, 2010 9:11pm Nov 6, 2010 9:11pm
Quoting Marv
evil-brokers-who-took-my-money.com



Of all the dickhead posts you've just made, this is the only thing I agree with.

Just stay away from news releases folks.

.......................!!
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  • #1,253
  • Edited 10:14pm Nov 6, 2010 9:55pm | Edited 10:14pm
Quoting Platypus
.......................!!
Saved to HD!!
  • #1,254
  • Nov 7, 2010 4:14am Nov 7, 2010 4:14am
Quoting Platypus
.......................!!

Reminds me of the infamous "Jack in the Box" bowl cuts commercial.

too funny.
  • #1,255
  • Nov 7, 2010 5:39am Nov 7, 2010 5:39am
people people, you have to explain how it comes that you start framing everybody for being on oandas payroll when they are obviously complaining about oanda.....
...do I have to hate oanda? Are you all kind of shizophrenic?

leaving oanda would be my last step, not my first.
Isnt it obvious? What kind of sulky hot-tempered reaction would that be otherwise?

Is that how you guys trade? irrationaly jumping around from here to there?
this pig cannot be slaughtered for ever... or can it?
  • #1,256
  • Nov 7, 2010 6:31am Nov 7, 2010 6:31am
Quoting Platypus
My head is shaped like a dick.
Yes, that was my impression.

Quoting georgem
Is that how you guys trade? irrationaly jumping around from here to there?
lol, you got that right.

It's the typical newbie attitude. It's also the reason I never trust br0ker reviews and places like "Forex Peace Army" and "Forex Realm". They're never objective, only filled with newbies who are jumping from one br0ker to another, bashing them and making them look like evil mobsters if they've been losing and, occasionally, posting good reviews if they've been winning.
  • #1,257
  • Nov 7, 2010 10:39am Nov 7, 2010 10:39am
Quoting Marv
evil-brokers-who-took-my-money.com



Of all the dickhead posts you've just made, this is the only thing I agree with.

Just stay away from news releases folks.
How does one know when a new release is coming out? By the Calendar on Oanda?
  • #1,258
  • Nov 7, 2010 11:09am Nov 7, 2010 11:09am
Quoting dforant1
How does one know when a new release is coming out? By the Calendar on Oanda?
Or by the calender here in this forum, or the one in dailyfx.com or many others around the internet...
this pig cannot be slaughtered for ever... or can it?
  • #1,259
  • Nov 7, 2010 11:10am Nov 7, 2010 11:10am
Quoting Xaron
I just use a demo account (e.g. Alpari UK) for charting.

It seems to be IN to bash Oanda lately. Actually I have never found a better market maker. It's even comparable with good ECN brokers IMHO.

There isn't anything better for small accounts (<$10k) out there nor for scalping neither for position trading (very good and fair rollover costs!).

If there was a wrong spike in the past I always got my money back. Period. Of course there are problems but you will have problems with any broker out there if you have a real account with them.

Oanda...
Haven't signed up with Oanda yet but am leaning heavily towards it. It is said here using stops which I always use any way is an answer to the spikes??
  • #1,260
  • Nov 8, 2010 1:32am Nov 8, 2010 1:32am
Quoting The Fool
On that note, when I see software engineers from Switzerland or Germany posting repetitively in this thread, I just have to assume they are on the Oanda payroll.
I guess you point to me as I'm a software engineer from Germany. Well I even don't know if Oanda has employees here in Germany but I doubt it.

I see that a lot of people complain about down times during high volatility phases like news events. I'm not in that boat who goes in and out of a trade within seconds so that doesn't bother me. If I want to enter a trade I can set up limit orders which get almost always filled.

Obviously some people here want to trade the news and complain about slippage and so on. I believe most of them would lose anyway and blame Oanda for not being able to lose money.

Look, maybe I'm not a complainer because I trade long term. I don't care if I have a disconnect for 1-2 or even 30 minutes. It's not my life to hang in front of a 5 sec chart all the day. So for me Oanda is just THE best. Period. Tight spreads, great and fair rollovers and so on.

If you want to be that stupid to trade during news events, go somewhere else.

Let me repeat: If you can't make money with Oanda you won't be able to do it elsewhere.
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