I dont trade with Oanda as my main broker but I still have a small account with them. Today at the GBP Retail Sales announcement, I put in a small order before the news to buy cable at 8868 and was filled at 8898 right at the top of the spike, that is 30 pips slippage.
Yes, 30 pips slippage, mind you.
I eventually closed the position even but I think there is a lesson to be learned for those trading the news with this broker. Take care.
Yes, 30 pips slippage, mind you.
I eventually closed the position even but I think there is a lesson to be learned for those trading the news with this broker. Take care.