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  • #2,301
  • Jul 16, 2011 10:25am Jul 16, 2011 10:25am
Quoting ddinnov
Other brokers do
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 my View is due to the fact that No banks are open and so Oanda must charge high fees to offset their risk.
Best Regards Moneymike
  • #2,302
  • Jul 16, 2011 10:37am Jul 16, 2011 10:37am
Quoting moneymike
Now if anyone trades during the weekend they must be new and then their lost is their Own.
There is NO TRADING during weekend nor during news releases!!!
Oh yes you can open a trade, close it and lose the spread. Is that trading?
Get real!
And trading during news events? That's not trading either.
That's gambling!!!!

S
New voice message: Why are you calling me? If I need you, I'll call you!
  • #2,303
  • Jul 16, 2011 10:59am Jul 16, 2011 10:59am
Quoting KillerWhale
And trading during news events? That's not trading either.
That's gambling!!!!
Well maybe there are traders who can do it. Stop projecting your own limitations on others.

Still, I think the main concern as far as news and weekend spreads are concerned is not trading DURING those, but having trades with tight stops that were not placed during them yet get stopped out because of them.

My opinion is that if you're a scalper and/or a news trader, you should NOT be trading with a market maker like Oanda but a highly liquid true ECN environment.
  • #2,304
  • Jul 16, 2011 12:18pm Jul 16, 2011 12:18pm
Quoting KillerWhale
There is NO TRADING during weekend nor during news releases!!!
Oh yes you can open a trade, close it and lose the spread. Is that trading?
Get real!
And trading during news events? That's not trading either.
That's gambling!!!!

S
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.
Best Regards Moneymike
  • #2,305
  • Jul 16, 2011 1:05pm Jul 16, 2011 1:05pm
Quoting Marv
Well maybe there are traders who can do it. Stop projecting your own limitations on others.

Still, I think the main concern as far as news and weekend spreads are concerned is not trading DURING those, but having trades with tight stops that were not placed during them yet get stopped out because of them.

My opinion is that if you're a scalper and/or a news trader, you should NOT be trading with a market maker like Oanda but a highly liquid true ECN environment.
Thank you!

It's all OK now I know that they do this and how much by so if I have a position that I want to keep hold of and it's stop is within their spread widening range I can move it for the weekend.

Peace and green pips to you all
Anything can happen.
  • #2,306
  • Jul 16, 2011 2:32pm Jul 16, 2011 2:32pm
Quoting ddinnov
It's all OK now I know that they do this and how much by so if I have a position that I want to keep hold of and it's stop is within their spread widening range I can move it for the weekend.

Peace and green pips to you all
Great. Whatever the bröker, if you know what to expect and can cope with it (depending on your style) then no problem.

Best of luck!

Quoting traderjai_inhi
You look like you need a time out little boy...
Just use the ignore and the cleanup report features. Problem solved.
  • #2,307
  • Jul 17, 2011 9:06am Jul 17, 2011 9:06am
Is it safe to have a million dollar account with Oanda? Those guys that withdrew huge amounts from Oanda please comment.
I have past history of statements to justify what i say.
  • #2,308
  • Jul 17, 2011 9:20am Jul 17, 2011 9:20am
I seriously doubt anyone with a $1M account is gonna be posting on FF.

I do remember early on with Oanda that they had some customers approach them wanting to open accounts of that size. At first Oanda limited this but began upping the limit as they got more comfortable with their operation. I remember reading this in the Oanda message boards, posted by the Oanda president himself.
You are in a maze of twisty little passages, all alike.
  • #2,309
  • Jul 17, 2011 11:13am Jul 17, 2011 11:13am
Anyone know when UK residents can "migrate" their US registered Oanda account to become UK registered instead?

Got an email from Oanda to say I could do this to get away from all this BS about not trading gold and silver with leverage.

Thanks.
  • #2,310
  • Jul 17, 2011 12:22pm Jul 17, 2011 12:22pm
Quoting eu_trader
Is it safe to have a million dollar account with Oanda? Those guys that withdrew huge amounts from Oanda please comment.
I knew someone who had a million deposited with LCG (Currenex of course). Traded safely for a while, and could withdraw it safely when he decided to invest in something else.

As for Oanda, I don't know. I mean it's most likely safe to keep the funds there and to withdraw, but I'm not 100% sure about trading, i.e. can't guarantee that he won't run into platform disconnections and weird, possibly targeted issues. So it's up to you to do your homework and decide.

Good luck
  • #2,311
  • Jul 17, 2011 3:11pm Jul 17, 2011 3:11pm
Quoting eu_trader
Is it safe to have a million dollar account with Oanda? Those guys that withdrew huge amounts from Oanda please comment.
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.
Best Regards Moneymike
  • #2,312
  • Jul 17, 2011 3:48pm Jul 17, 2011 3:48pm
Quoting moneymike
Person with A million dollars like Sorros or Buffet wouldn't trade with brokers like Oanda.
lol People like Soros and Buffet invest with just a million? Come on. There are much smaller institutional traders who manage more than a million, let alone those two high profile investors.

Quoting moneymike
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.
Yeah and that's called a tier 1 prime bröker.

Examples of tier 1 brôkers (real interbank market): J.P Morgan, UBS, Deutsche Bank, etc.

Examples of tier 2 brôkers (sort of a medium to the interbank) LCG FX, Interactive Brokers, etc.

Examples of tier 3 brôkers (retail non-interbank market): Oanda, FXCM, MBTrading, Dukascopy, etc.
  • #2,313
  • Edited 4:49am Jul 18, 2011 1:53am | Edited 4:49am
Quoting Marv
lol People like Soros and Buffet invest with just a million? Come on. There are much smaller institutional traders who manage more than a million, let alone those two high profile investors.



Yeah and that's called a tier 1 prime bröker.

Examples of tier 1 brôkers (real interbank market): J.P Morgan, UBS, Deutsche Bank, etc.

Examples of tier 2 brôkers (sort of a medium to the interbank) LCG FX, Interactive Brokers, etc.

Examples of tier 3 brôkers (retail non-interbank market): Oanda, FXCM, MBTrading,...
you put oanda in tier 3, try tier do what the fck they want when they want.
  • #2,314
  • Jul 18, 2011 9:06am Jul 18, 2011 9:06am
Quoting PoundTrader
you put oanda in tier 3, try tier do what the fck they want when they want.
No they're tier 3, admittedly one of the best in that tier (and best market maker). Not trying to defend them or say they're as "transparent" as they love to claim, but do you have anything specific with proof?

Wait, you're that troll that throws in a one sentence post with a laughing emoticon and then leaves.
  • #2,315
  • Jul 20, 2011 11:52am Jul 20, 2011 11:52am
Anyone know of a way to get the Oanda's MT4 time change to GMT? I tried a script, that I found here in FF using the search, didn't work for me. Any info will would be helpful!
Damn The Torpedoes, Full Speed Ahead!
  • #2,316
  • Jul 20, 2011 12:28pm Jul 20, 2011 12:28pm
Quoting DizzleFX
Anyone know of a way to get the Oanda's MT4 time change to GMT? I tried a script, that I found here in FF using the search, didn't work for me. Any info will would be helpful!
http://tinyurl.com/43m9uab
  • #2,317
  • Jul 20, 2011 12:38pm Jul 20, 2011 12:38pm
Quoting Marv
http://tinyurl.com/43m9uab
Already tried GOOGLE, no luck! Thanks though! If you know of a specific link, that would be great!
Damn The Torpedoes, Full Speed Ahead!
  • #2,318
  • Jul 21, 2011 4:47pm Jul 21, 2011 4:47pm
Quoting DizzleFX
Anyone know of a way to get the Oanda's MT4 time change to GMT? I tried a script, that I found here in FF using the search, didn't work for me. Any info will would be helpful!
Oanda is NY time. Simply minus 6.

By the way, anyone knows what leverage Oanda Europe has?
I found a penny today. That's +100 pips for me.
  • #2,319
  • Jul 21, 2011 4:52pm Jul 21, 2011 4:52pm
Quoting ReaM
Oanda is NY time. Simply minus 6.

By the way, anyone knows what leverage Oanda Europe has?
But were do you make the change in time?
Damn The Torpedoes, Full Speed Ahead!
  • #2,320
  • Edited Jul 22, 2011 9:40am Jul 21, 2011 7:34pm | Edited Jul 22, 2011 9:40am
Quoting ReaM
anyone knows what leverage Oanda Europe has?
Still 50:1, even though they CAN offer 100:1.
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