OANDA Discussion

hey guys I have question for people using oanda, I cant seem to find a account performance option . eg a user page with all your months/yearly returns p/l etc etc... does it exist.

thanks

There is a tab on the top that says 'Activity" and a button on the left that says History.
The after login page (The one that comes up after you type ID and password and press ENTER has links to the User Guides etc. )

history yes !!. geeeeez very basic one..!!

In FXTrade, go to Account -> Full Transaction History.
This will pull up a page on which there are several options. You can either download your entire transaction history, order by order, or you can go to "Summary" which is indeed very basic monthly returns and interest. Note another option that says something like "Beta" which gives a much more professional looking monthly report.

hey guys how come oanda dosnt have larger time frames eg.. 1 week one month????

Oanda does not have many things especially in regard to their charts. Your best option is to use metatrader with a demmo account for your charting. It is very popular on FF and free.
HTH

I might just do that ... thanks

I just opened an account with Oanda and left Forex.com b/c I mainly trade gsb/usd and the spreads are suppossed to be better by 2 pips with Oanda. I have noticed that the spreads are variable and that they spend more time at a higher spread than there lower advertised spread. They are at 10 pips on the weekends which is when I like to trade a little more. I have noticed that fxcm has fixed spreads. Does this mean that the spread for gsb/usd is always 5 pips regardless of weekends or news releases????
Also does anyone recommened fxcm

Oanda is one of the few brokers who actually publish their spreads for all to see: http://fxtrade.oanda.com/spreads/rec....shtml#gbp_usdYou should have done a little research before moving your money around. I like Gain Capital but if you don't like them it is very unlikely that you'll fall in love with FXCM. It is important that you move beyond "broker hopping" as quickly as possible and start focusing on your trading. Yes, fixed spread means the spread doesn't change. You had that at Gain Cap as well.

deyler, please help me understand ... . You say above that you want to trade on weekends. You also ask about fxcm and do they have fixed spreads on weekends. Well, the fxcm dealing desk is not open most of the weekend. So there is no trading with them until Sunday evening. Whereas oanda is open 24/7 but as you mentioned the spreads increase.

Do not use the oanda spreads of this past weekend and Christmas as a guideline, or New Years, for that matter.

I suggest you check out fxcm to see when on Sunday their dealing desk opens and with oanda to see when their spreads return to 'normal' on Sunday.

Best Wishes,

Lou

People are constantly moving back and forth between variable and fixed spread broker not knowing which one is really better in the end. To me it totally depends on your trading style. If you trade news a few times a days, chances are you'd be better off with a fixed spread broker, as the the variable spread brokers generally raise their spreads around news time anyways. If you are a longterm trader who places a trade or two a week at random times, then chances are you should trade with the variable spread broker.

Also you have to recognize that spreads can severly change your trading system. When you're backtesting with a fixed spread broker you can just add the fixed spread because thats what it will always be. If you're with a variable spread broker (Oanda), then a change from a 2 pip spread to a 10 pip spread can change your risk versus reward significantly, especially with a system with a small stop.

To me, I would pay the extra one pip on every trade to know that it will always be that spread and not something outrageous. It's just one more free "peace of mind" feature in forex. There arn't many of them, so grab as many as you can.

They either widen the spread, requote (or in some cases just reject your trades for no reason), they get you one way or the other, at least Oanda is transparent about what they do. But as above, why would you want to trade weekends?!

Exactly. I'm convinced that you're screwed trading the news with most fixed spread brokers. Everyone goes on and on about fixed spread brokers during news, but I've been there, done that. How would you like to get a 60 pip requote? Or wait one minute before you get requoted at the bottom?

I'll take Oanda's 15 pip widened spread any day during ISM over any fixed spread broker. The first time that you get screwed out of 60 pips, trust me, you'll be back to your variable spread broker...

I've said it before, and I'll say it again. When it comes to retail trading, no matter if it's news or non-news, Oanda is the best.

Instead of moving your money back and forth just keep a few borkers fixed and variable.

That's what I do. I use Oanda and GFT. I usually use Oanda for trades I would like to close the same day and GFT for longer term trades. Also Oanda gives me the flexibility to access it anywhere due to the Web interface and this has allowed me to open trades once my signals trigger and I'm not home. This is why I keep two, not neccessarily because of the spreads.

But other than the bad things, Oanda is GREAT !!!

Hi Tiki,

My current broker have wide spreads for aud/jpy as high as 10, normal 7.
Cable 3, highest 5.
Do you experience these situations in Oanda?
Thanks.

which broker has 3 on cable?

fxdd

are the oanda history + other features not working in Oanda for anyone else?