Is it common practice for them to widen the spreads to 10 at this time of the day OR this time of the day on Friday's? It's 3:05pm (CST) as I post this.
Is it common practice for them to widen the spreads to 10 at this time of the day OR this time of the day on Friday's? It's 3:05pm (CST) as I post this.
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It's a common practice. Don't worry about it coz on Sunday afternoon or evening, the spread will go back to normal.
Well, it looks like 7:00pm is the magic hour on Sunday as now the pips are just about back to normal.
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Liquidity on the market is very thin late Friday's. When the market dries up, Oanda raises their spreads. At that point, its not worth trading anyway. Hang on to your money until Monday.
OANDA prints all of our spreads for the last 7 days so you can see exactly what spreads have been during which hours and as others have already said spreads increase during weekends due to illiquidity in the market.
Thanks for all the replies guys! All is well now and I'm liking my experience so far. I only opened account with a very small amount so I could get a feel for the fills and speed of execution with live acct. So far all is good.
Thanks for all the replies guys! All is well now and I'm liking my experience so far. I only opened account with a very small amount so I could get a feel for the fills and speed of execution with live acct. So far all is good.
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You won't be disappointed. Oanda is one of the, if not the, best non-ECN broker out there for non-news trading.
OANDA prints all of our spreads for the last 7 days so you can see exactly what spreads have been during which hours and as others have already said spreads increase during weekends due to illiquidity in the market.
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Hey AndresS!
You have Oanda Corporation under your name and I am assuming you work for this company. Can you show us the spread pattern that you were describing and tell us if this is a common amount of movement at the same time frames of the week?
I don't think I'm allowed to link to our site directly but if you go to it yourself and look for the "Recent Spreads" page or do a google search for it you should find it.
As for whether it's common, that really depends on what market events are occuring that week and can very from week to week.
Please let me know if you don't find it and I'll try and help you further.
I don't think I'm allowed to link to our site directly but if you go to it yourself and look for the "Recent Spreads" page or do a google search for it you should find it.
As for whether it's common, that really depends on what market events are occuring that week and can very from week to week.
Please let me know if you don't find it and I'll try and help you further.
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In trading, there is no bullshit. You either make money or you don't.
