Yeah, right after milking the spike we are after the "after spike".
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Euro/Dollar discussion 9 replies
Dislikedcurrently oanda is offline tuesday 9:00pm ET
anyone in same situation?Ignored
DislikedTo me, 0.9pip is too tight to be true, as EUR/USD is rather trending and stable. I am doubtful if Oanda can make a hedge effectively for 0.9pipIgnored
DislikedI also think the 0.9pip spread on EUR/USD is somewhat of a "teaser rate", as none of their other spreads are nearly as generous (relative to ECN spreads, though 1.8 on USD/JPY isn't bad).Ignored
DislikedRegarding fast markets and scalpers, search the threads here, I recall hearing a rumor Oanda that warns those types of traders (those preying upon Oanda's slower reaction to an interbank move, though I'd question whether that is still accurate today).Ignored
DislikedNow I usually trade on ECN and the spread for EURUSD is normally 1 pip for peak sessions, but can be 2-3 pips during quiet session, e.g. Asian and late NY sessions. Plus the commission, on average I need to pay 2-3 pips or even more for EURUSD. That's why I think 0.9pip a very good deal.Ignored