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How Oanda pip spread so high?

  • Post #1
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  • First Post: Mar 13, 2005 9:52am Mar 13, 2005 9:52am
  •  arthurlord
  • | Joined Mar 2005 | Status: Member | 28 Posts
I just open a Demo account. While I checked the pip spread of pairs, I found it really high. EURUSD is up 10 pips spread? Is it true? Why is it?
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  • Post #2
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  • Mar 13, 2005 11:36am Mar 13, 2005 11:36am
  •  bjornskinnes
  • | Joined Apr 2004 | Status: Member | 16 Posts
With OANDA, it's like that at the beginning and end of each week. I know that at least from monday morning GMT the spreads are normal and low.

Bjorn
 
 
  • Post #3
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  • Jun 23, 2006 5:08am Jun 23, 2006 5:08am
  •  Adsta
  • | Joined Dec 2005 | Status: Member | 20 Posts
spreads also widen during high volatility
 
 
  • Post #4
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  • Last Post: Jun 23, 2006 11:37am Jun 23, 2006 11:37am
  •  johnedoe
  • | Membership Revoked | Joined Dec 2005 | 2,298 Posts
From about 2:00pm PDT friday afternoon till about 4:30pm PDT sunday afternoon the spreads widen to 10 or more pip because the markets are basicly closed ..... also the spreads will increase somewhat during some news events,

the big differance is that with Oanda you can get out of a position because they are open.....even if it is at an increased spread.

spend some time going over the oanda site and READ the info available.
here is a link to a page that shows the spreads of the currency pairs this week, you will see that on all pairs the spreads widen on the weekends and you will see some spikes, these are related to news events.http://fxtrade.oanda.com/spreads/rec....shtml#eur_usd

hope this clears things up for you.
Same Whore .... Different Dress
 
 
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