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  • #2,321
  • Jul 21, 2011 9:13pm Jul 21, 2011 9:13pm
I've currently got 150:1 through a prop trading firm, but I never had any bad experiences while I was still trading with Oanda
  • #2,322
  • Jul 22, 2011 3:55am Jul 22, 2011 3:55am
instead of 1,8 after I entered. Can anyone confirm that please ?
  • #2,323
  • Jul 24, 2011 2:22am Jul 24, 2011 2:22am
Does Oanda charge any fees for any inactivity in your trading activity for a specific amount of time? I do hope they do not since my trading strategy can sometimes involve exposure in the market between 5-6 months if the market conditions apply.
  • #2,324
  • Jul 24, 2011 5:12am Jul 24, 2011 5:12am
Quoting [Sniper]
Does Oanda charge any fees for any inactivity in your trading activity for a specific amount of time? I do hope they do not since my trading strategy can sometimes involve exposure in the market between 5-6 months if the market conditions apply.
Nope. It can sit as long as you want.

If you think about it they have use of your money while it's not in a trade. I've never heard of a br0ker that does this.
You are in a maze of twisty little passages, all alike.
  • #2,325
  • Jul 24, 2011 1:59pm Jul 24, 2011 1:59pm
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,...

Thanks for the information Marv ! You always have been very informative.
My trades are 100% profitable 65% of the time!
  • #2,326
  • Jul 24, 2011 4:06pm Jul 24, 2011 4:06pm
fxtrade is in Chinese or something with me, anyone else the same?
Attached Image
  • #2,327
  • Jul 24, 2011 4:51pm Jul 24, 2011 4:51pm
Luckily my FX Trade is in English, but my MT4 is down... Anyone else??
  • #2,328
  • Jul 24, 2011 9:51pm Jul 24, 2011 9:51pm
highlander2, DaTrader,
late Friday, Oanda announced they'll do maintenance on the weekend
  • #2,329
  • Jul 25, 2011 10:17am Jul 25, 2011 10:17am
Quoting highlander2
fxtrade is in Chinese or something with me, anyone else the same?
Hello Highlander2,

If you want to switch your language you need to go to the third item on the navigation toolbar, and out of the dropdown select the 4th item.

A new dropdown will appear with all the available languages.

I have attached two images to help you through the process. Let me know if this works out for you.
Attached Images
  • #2,330
  • Jul 25, 2011 12:42pm Jul 25, 2011 12:42pm
Quoting AEsparza
Hello Highlander2,

If you want to switch your language you need to go to the third item on the navigation toolbar, and out of the dropdown select the 4th item.

A new dropdown will appear with all the available languages.

I have attached two images to help you through the process. Let me know if this works out for you.
Thanks, yes I had emailed Oanda and found out how to change it, thanks for replying though!

I did not like the idea of having to learn chinese to trade
  • #2,331
  • Jul 27, 2011 4:52am Jul 27, 2011 4:52am
Does anyone know why they quote eurhuf eurpln 100/60 pips all day? I sent them mail they haven't responded yet. They are absolutely not competitive with these spreads. i was lamenting whether they just want to kill this part of their business?
  • #2,332
  • Jul 28, 2011 5:43am Jul 28, 2011 5:43am
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,...
Thanks for this thread it has been useful.
  • #2,333
  • Jul 29, 2011 11:45am Jul 29, 2011 11:45am
I'm an Oanda customer for about 2 weeks now. Only realised that the pip difference becomes 10+ just minutes before U.S Data was about to be released. Overall a satisfied customer of Oanda but hate that we can't close a portion of my trades.
  • #2,334
  • Jul 29, 2011 11:54pm Jul 29, 2011 11:54pm
at what amount of money/pip would you say does the risk start to trade with oanda? at what amount do they start to influence your orders etc.?
  • #2,335
  • Jul 30, 2011 5:20am Jul 30, 2011 5:20am
Quoting Jt1982
Overall a satisfied customer of Oanda but hate that we can't close a portion of my trades.
You can scale out. I do it all the time.
You are in a maze of twisty little passages, all alike.
  • #2,336
  • Jul 30, 2011 8:13am Jul 30, 2011 8:13am
I got an email from oanda that they are the only brokers who are active on week ends so i opened acount with them,but i can see that there is no movement on there mt4 platform
why is that?
Trade responsiblypatience is the key/Swing trader
  • #2,337
  • Jul 30, 2011 3:43pm Jul 30, 2011 3:43pm
Quoting Incrediblle
I got an email from oanda that they are the only brokers who are active on week ends so i opened acount with them,but i can see that there is no movement on there mt4 platform
why is that?
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.
Best Regards Moneymike
  • #2,338
  • Aug 1, 2011 3:35am Aug 1, 2011 3:35am
can anyone confirm these Live GBP$ prices:
(price spike during the GBP Manufacturing news release a few minutes ago)
FXTrade price spike low 1.6396
MT4 price spike low 1.63806

many thanks!
  • #2,339
  • Aug 1, 2011 3:51am Aug 1, 2011 3:51am
Quoting supremeChaos
can anyone confirm these Live GBP$ prices:
(price spike during the GBP Manufacturing news release a few minutes ago)
FXTrade price spike low 1.6396
MT4 price spike low 1.63806

many thanks!
Yeah, FxTrade 1.6395. Oanda charts print halfway between the spread. With a wide spread MT4 will show a lot lower as it prints the bid
  • #2,340
  • Aug 1, 2011 4:33am Aug 1, 2011 4:33am
Quoting supremeChaos
can anyone confirm these Live GBP$ prices:
(price spike during the GBP Manufacturing news release a few minutes ago)
FXTrade price spike low 1.6396
MT4 price spike low 1.63806

many thanks!
I cannot confirm the spread at the time, but I have screenshot showing a large movement of about 60 pips in 2 minutes GBPUSD when I opened my chart to check.
Attached Image (click to enlarge)
Click to Enlarge Name: forexfactory spread info 8-1-2011 4-16-16 PM.png Size: 15 KB


I do have access to a streaming video with no chart data, but an ea that captures statistics on a chart, which is the GBPJPY. maybe later today or tomorrow I could see the spread of that time period for that pair at that specific time
Measure trends automatically with zero lag
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