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  • #2,361
  • Aug 5, 2011 8:11am Aug 5, 2011 8:11am
Quoting DizzleFX
But were do you make the change in time?
you do it in your head.
I found a penny today. That's +100 pips for me.
  • #2,362
  • Aug 5, 2011 8:12am Aug 5, 2011 8:12am
Quoting stevegee58
Nope. It can sit as long as you want.

If you think about it they have use of your money while it's not in a trade. I've never heard of a br0ker that does this.
GFT charges FAT inactivity fee!!!

Oanda is heaven compared to many of the brokers. You really should not complain, people. Google GFT inactivity fee and see people loosing big money.
I found a penny today. That's +100 pips for me.
  • #2,363
  • Aug 5, 2011 8:13am Aug 5, 2011 8:13am
anyone knows which broker doesn't have too wide a spread during news hour? Oanda has as much as 15 pips spread just now.
  • #2,364
  • Aug 5, 2011 8:20am Aug 5, 2011 8:20am
Quoting eu_trader
Is it safe to have a million dollar account with Oanda? Those guys that withdrew huge amounts from Oanda please comment.
Never deposit all of your trading money with a broker. Keep half in separate bank account (don't touch the money) and half with your broker. Simply trade with the risk as if you trade with all of your money.

Also it is better to use different brokers. But legally speaking, there should be no trouble. Why would there?
I found a penny today. That's +100 pips for me.
  • #2,365
  • Aug 5, 2011 8:22am Aug 5, 2011 8:22am
Quoting Jt1982
anyone knows which broker doesn't have too wide a spread during news hour? Oanda has as much as 15 pips spread just now.
They all have high spreads. Just trade with high spread, what's the deal?

There is a theoretical limitation to spread and high volatility. You can't have 1 pip spread and 10 pip per second movements. So just trade it as it is.

During NFP, even with 10 pip spread it feels like you have 1 pip spread, because the movement is so rapid.
I found a penny today. That's +100 pips for me.
  • #2,366
  • Aug 5, 2011 8:24am Aug 5, 2011 8:24am
Looks like the bulls have prevailed? Next test is 1.4219?
  • #2,367
  • Aug 5, 2011 8:53am Aug 5, 2011 8:53am
Quoting Jt1982
Looks like the bulls have prevailed? Next test is 1.4219?
http://www.forexfactory.com/showthread.php?t=10372

@ReaM: People have the right to complain and demand better service.
  • #2,368
  • Aug 5, 2011 9:02am Aug 5, 2011 9:02am
I thank you all for the good advise I've been read in this community. Please I am a newbe. I just conclude to upgrade from Demo to Live forex trading. I need your advise on OANDA as I am thinking of opening the live account with them. How much in USD is OANDA's minimum account opening, what is the trading experience like? or is there any other better fx broker with better spread.please help a dying fellow.
  • #2,369
  • Aug 5, 2011 11:05am Aug 5, 2011 11:05am
Quoting Marv
http://www.forexfactory.com/showthread.php?t=10372

@ReaM: People have the right to complain and demand better service.
What happened to your other picture? It's like you got a hair cut.
I found a penny today. That's +100 pips for me.
  • #2,370
  • Aug 5, 2011 11:27am Aug 5, 2011 11:27am
Quoting adeniyia33
I thank you all for the good advise I've been read in this community. Please I am a newbe. I just conclude to upgrade from Demo to Live forex trading. I need your advise on OANDA as I am thinking of opening the live account with them. How much in USD is OANDA's minimum account opening, what is the trading experience like? or is there any other better fx broker with better spread.please help a dying fellow.
There's No minimum for deposits. there are better Brokers But not all brokers are right for everyone. My trading experience is good i chose them because i have only ever experienced 2 Slippage and that was due to my internet connection. some worry about spreads but i dont cause i trade when the market is quiet anyway.
Results WILL vary.
Best Regards Moneymike
  • #2,371
  • Aug 5, 2011 12:38pm Aug 5, 2011 12:38pm
I had the feeling that no one here would truly be capable of answering a legitimate question!!
  • #2,372
  • Aug 5, 2011 1:03pm Aug 5, 2011 1:03pm
Quoting adeniyia33
I thank you all for the good advise I've been read in this community. Please I am a newbe. I just conclude to upgrade from Demo to Live forex trading. I need your advise on OANDA as I am thinking of opening the live account with them. How much in USD is OANDA's minimum account opening, what is the trading experience like? or is there any other better fx broker with better spread.please help a dying fellow.
It's not bad, but I wouldn't use the charts. I use TOS for charting. I like that you can trade as small as you want and there's no minimum deposit. Spreads aren't too bad usually, just watch out for news by checking the calendar here.
  • #2,373
  • Aug 5, 2011 2:09pm Aug 5, 2011 2:09pm
Quoting Marv
http://www.forexfactory.com/showthread.php?t=10372

@ReaM: People have the right to complain and demand better service.
Exactly. Bottomline is Oanda has gotten worse over the last year. They are no longer the best market maker broker in my opinion.
  • #2,374
  • Aug 5, 2011 2:11pm Aug 5, 2011 2:11pm
Quoting adeniyia33
I thank you all for the good advise I've been read in this community. Please I am a newbe. I just conclude to upgrade from Demo to Live forex trading. I need your advise on OANDA as I am thinking of opening the live account with them. How much in USD is OANDA's minimum account opening, what is the trading experience like? or is there any other better fx broker with better spread.please help a dying fellow.
I wouldn'tgo with Oanda right now. They are playing too many games. Better off with different broker.
  • #2,375
  • Aug 5, 2011 3:30pm Aug 5, 2011 3:30pm
I don't know if the link was posted here before, but ironically I happen to have accounts with all top three brokers

http://forexmagnates.com/us-forex-br...t-for-q2-2011/
I found a penny today. That's +100 pips for me.
  • #2,376
  • Aug 5, 2011 4:18pm Aug 5, 2011 4:18pm
Quoting ReaM
I don't know if the link was posted here before, but ironically I happen to have accounts with all top three brokers

http://forexmagnates.com/us-forex-br...t-for-q2-2011/
fyi, just because they are "top three" in CFTC's report doesn't mean they are the top three brökers out there.
  • #2,377
  • Aug 5, 2011 5:12pm Aug 5, 2011 5:12pm
Quoting bigsteely101
I had the feeling that no one here would truly be capable of answering a legitimate question!!
Why dont you try emailing oanda... they are paid to answer your questions!!
  • #2,378
  • Aug 6, 2011 2:08pm Aug 6, 2011 2:08pm
Well, with all the comments and opinions about the broker, I would have expected for someone to have some technical knowledge!! Unfortunately, I didn't even get a "yeah, that's bizarre, why not get in touch with Oanda". I will assume that by your comment you believe it is bizarre. I will get in touch with them. But, regardless, the comments from Oanda would likely be something like "that won't happen on live REAL accounts". I would take that as being their generic answers. That is why I would have liked to hear from members, whether they have experienced these problems live trading with their EA's.
  • #2,379
  • Aug 6, 2011 3:23pm Aug 6, 2011 3:23pm
Quoting Marv

Oanda, unless you get your $hit together, the more serious traders will continue to be driven away until you attract only the low-capitalized newbies.
.
frankly that's a wrong information , i dont know from where you get it !

Oanda's clients funds = 175 Million $

http://www.cftc.gov/ucm/groups/publi...cmdata0511.pdf
  • #2,380
  • Aug 6, 2011 4:50pm Aug 6, 2011 4:50pm
Quoting Marv
fyi, just because they are "top three" in CFTC's report doesn't mean they are the top three brökers out there.
Exactly. Especially if the report was done months ago before they started cheating the customers!

They recently changed their interest payouts so they pay less. That's the biggest problem I have with them right now. I just find that appalling.

Quoting tar
frankly that's a wrong information , i dont know from where you get it !

Oanda's clients funds = 175 Million $

http://www.cftc.gov/ucm/groups/publi...cmdata0511.pdf
He didn't post any wrong information. You didn't understand correctly. Marv said "IF" they don't get their act together they will start to lose the more serious and higher capitalized traders. In other words that $175M will start coming down. I'm baffled at how you couldn't understand that.
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