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  • #2,001
  • May 9, 2011 12:00pm May 9, 2011 12:00pm
Quoting ReaM
credit card option
Nice. Finally.
  • #2,002
  • May 9, 2011 4:16pm May 9, 2011 4:16pm
does anybody know where to look for overnight interests in oanda?
i know fxcm listed them right in the currencies table...but i cannot find it anywhere??anyone??
  • #2,003
  • May 9, 2011 6:35pm May 9, 2011 6:35pm
Quoting kelvin2088
does anybody know where to look for overnight interests in oanda?
i know fxcm listed them right in the currencies table...but i cannot find it anywhere??anyone??
the Overnight Interest Can be calculated here.
http://fxtrade.oanda.com/account/interest-calculator
Best Regards Moneymike
  • #2,004
  • May 10, 2011 6:58am May 10, 2011 6:58am
People have all kinds of assumptions of what can and can't be done. But you'll never know until you try it on a consistent basis for yourself.
  • #2,005
  • May 10, 2011 7:02am May 10, 2011 7:02am
Quoting moneymike
Ok i am a long term trader, But i also look for Good entry positions, But can a 30 pip stoploss hold when the charts look like this
Yes. I use a 1.5 manual stop. I trade on lower timeframe charts than that but look exactly like you posted. Obviously there are only a handful of spots on that chart where you can enter with such a small stop but hellllo. Those are exactly the type of situations you should wait for. Patience and discipline is required.
  • #2,006
  • May 10, 2011 7:49am May 10, 2011 7:49am
what do you mean by 1.5 manual stop? is that a percentage? and i look at the 5 mins time frame for entry But i focus on the trends showed on the Hourly, 4hr and Daily Charts mainly.
Best Regards Moneymike
  • #2,007
  • May 10, 2011 12:09pm May 10, 2011 12:09pm
I mean I manually exit my position when a trade goes 1 to 1.5 pips against me. If you include the spread that gives me a 2 - 2.5 pip loss.

Regardless of your timeframe, you can have very small stops. You just need to have very good entries and very good exits.
  • #2,008
  • May 11, 2011 5:31am May 11, 2011 5:31am
Oanda MT4 data stop moving from 8:13am NY time, refreshing chart didnt help, no connection warning appears online

this is the 2nd time this week, anybody has same problem?
  • #2,009
  • May 11, 2011 5:39am May 11, 2011 5:39am
mine as well. FXtrade seems ok
  • #2,010
  • May 11, 2011 11:58am May 11, 2011 11:58am
If you don't mind, where do you both guys come from (what country)? I know of a German fellow who had an outage on Mt4 (but Fxtrade working ok) that I didn't witness on the (live) MT4 I've running on one of my PCs. Maybe it's an ISP issue? I have an indicator running there on MT4 that is collecting spread data and in case there would occur an outage no spread data would be collected. So as for today I know for sure that at the time you mentioned I had no outage at all. The mysterious thing is that Fxtrade had no problems as you said. The same thing was mentioned by the German fellow.
  • #2,011
  • May 11, 2011 12:55pm May 11, 2011 12:55pm
Quoting trash
If you don't mind, where do you both guys come from (what country)? I know of a German fellow who had an outage on Mt4 (but Fxtrade working ok) that I didn't witness on the (live) MT4 I've running on one of my PCs. Maybe it's an ISP issue? I have an indicator running there on MT4 that is collecting spread data and in case there would occur an outage no spread data would be collected. So as for today I know for sure that at the time you mentioned I had no outage at all. The mysterious thing is that Fxtrade had no problems as you said. The same thing...
I don't Use MT4 for The Physical Trades But Just to Plot Graphs And Such. But i didn't Noticed anything wrong. If there Still is a problem with the MT4 Platform Try contacting the Oanda Reps. I had problems when i First Opened the Mt4 and they were able to correct it on their Side of the fence.
Best Regards Moneymike
  • #2,012
  • Edited 4:54am May 12, 2011 4:39am | Edited 4:54am
silver spread is 1,000 right now. while Gold's is 29.
what's up with that?

edit:
it's now 450 & 29, respectively.
  • #2,013
  • May 12, 2011 10:34am May 12, 2011 10:34am
I recently got an e-mail from oanda that canadian residents have to close their account and open trades again which would result in considerable loss to the account holders in next 10 days. Does anybody knows about it? What can we do in this situation and who would help us?
  • #2,014
  • May 12, 2011 11:06am May 12, 2011 11:06am
Quoting skydome
I recently got an e-mail from oanda that canadian residents have to close their account and open trades again which would result in considerable loss to the account holders in next 10 days. Does anybody knows about it? What can we do in this situation and who would help us?
It's a New Legislation That entails "A American Has to trade with a Broker Registered In America. consequently Canadians Must Trade with a Broker Registered With "IIROC", Canada's Version of the NFA. The IIROC's Margin for trades are higher than That of The NFA, But since Oanda has a Division registered with them they Must comply.
The New rule closes the loop hole that was available after traders Flocked to European Brokers. Oanda can not direct you to it's Singapore division as it would be Breaking the New law imposed.
So in a Nut Crack Obama Wants to tell you, who you can and can't do business with.
Best Regards Moneymike
  • #2,015
  • May 12, 2011 12:00pm May 12, 2011 12:00pm
Quoting moneymike
It's a New Legislation That entails "A American Has to trade with a Broker Registered In America. consequently Canadians Must Trade with a Broker Registered With "IIROC", Canada's Version of the NFA. The IIROC's Margin for trades are higher than That of The NFA, But since Oanda has a Division registered with them they Must comply.
The New rule closes the loop hole that was available after traders Flocked to European Brokers. Oanda can not direct you to it's Singapore division as it would be Breaking the New law imposed....
What a load of anti free-business democrat crap these new regulations are...

Makes me feel glad I'm not American and can still trade with whatever bröker in the world I choose.
  • #2,016
  • May 12, 2011 12:07pm May 12, 2011 12:07pm
See how our regulations really give us Americans an "edge".....

http://i1084.photobucket.com/albums/...04-25_1535.png
  • #2,017
  • May 12, 2011 12:52pm May 12, 2011 12:52pm
Quoting skydome
I recently got an e-mail from oanda that canadian residents have to close their account and open trades again which would result in considerable loss to the account holders in next 10 days. Does anybody knows about it? What can we do in this situation and who would help us?
By any chance Are you from British Columbia?
Best Regards Moneymike
  • #2,018
  • May 12, 2011 6:56pm May 12, 2011 6:56pm
I am from Ontario. But my thing is they should have given ample time;how can I close my account in 10 days. They should have given atleast 6 months to an year to organise my trades and close them.
  • #2,019
  • May 12, 2011 7:41pm May 12, 2011 7:41pm
Quoting skydome
I am from Ontario. But my thing is they should have given ample time;how can I close my account in 10 days. They should have given atleast 6 months to an year to organise my trades and close them.
6 months to a year to close your trades ?!
  • #2,020
  • May 13, 2011 1:15am May 13, 2011 1:15am
Quoting tar
6 months to a year to close your trades ?!
you are doing selective reading.
he said,
Quoting skydome
...They should have given atleast 6 months to a year to organise my trades and close them.
for sure, 1 or several months is way better than 10 days.
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