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  • #4,241
  • Feb 16, 2015 3:18am Feb 16, 2015 3:18am
I've realized why only *retail* traders trade on Oanda. 'Nuff said.
  • #4,242
  • Feb 16, 2015 3:39am Feb 16, 2015 3:39am
Quoting herenow0
I've realized why only *retail* traders trade on Oanda. 'Nuff said.
Open the gbp/nzd 5 sec live and look to the spread too.
If you have brain will see that not the same thing.
If you don't see, don't trade anymore. Is not for you.
Don't trade news if you don't know how.
  • #4,243
  • Feb 16, 2015 4:06am Feb 16, 2015 4:06am
Tim_isoara ->

First, stop insulting and stop assuming! I don't trade news. I trade trends but my stop loss orders get hit with the unjustifiable spread increases that occur at Oanda even when there is no news in any currency in that pair.

Second, do you understand what is bid, ask & close? Do you understand that spread = ask - bid and that the price chart you're looking at is bounded within bid-ask prices? Do you realize that if the price of a pair ranges say 150 pips in 5 seconds that means that within the 5 second interval, the max ask is the upper bound and the min bid is the lower bound in the max-min chart?

Gees man! The 5 sec live chart with the spread is the one that comes with default! Re-read my posts .. because I can't press Ctrl+Alt+PrintScreen the nano-second when the spread widens, that's why I'm using the closest proxy available to *open* your eyes to the volatility caused by the spread increases.

If you can trade unaffected through this spread widening .. good for you man! All the best ..
  • #4,244
  • Feb 16, 2015 4:22am Feb 16, 2015 4:22am
To simplify, if broker A (Oanda) has a range of 150+ pips in the 5 second max min chart and broker B & broker C (mentioned previously) have a range of 40 pips in the same 5 second interval .. what does that imply? Answer that for yourself!
  • #4,245
  • Feb 16, 2015 4:23am Feb 16, 2015 4:23am
Quoting herenow0
Tim_isoara -> First, stop insulting and stop assuming! I don't trade news. I trade trends but my stop loss orders get hit with the unjustifiable spread increases that occur at Oanda even when there is no news in any currency in that pair. Second, do you understand what is bid, ask & close? Do you understand that spread = ask - bid and that the price chart you're looking at is bounded within bid-ask prices? Do you realize that if the price of a pair ranges say 150 pips in 5 seconds that means that within the 5 second interval, the max ask is the...
My advice. Stop trading. Start learning.
Come after minimum 6 month.
But is your money.
  • #4,246
  • Feb 16, 2015 4:55am Feb 16, 2015 4:55am
Thank you for your advice! Yes, I will try to constantly learn. I've learnt that I need a ECN forex broker that does not have a dealing desk and that charges commissions rather than widening the bid-ask spread.

I see that you're an Elliottician (from your posts). Good luck ....
  • #4,247
  • Feb 16, 2015 5:28am Feb 16, 2015 5:28am
Quoting herenow0
Thank you for your advice! Yes, I will try to constantly learn. I've learnt that I need a ECN forex broker that does not have a dealing desk and that charges commissions rather than widening the bid-ask spread. I see that you're an Elliottician (from your posts). Good luck ....
I have 3 ecn accounts with different brokers and I have 2 accounts with market maker no dealing desk at Oanda and DMMFX.
And all 5 are OK. But ECN accounts widening the bid-ask spread, also.
Good luck.
  • #4,248
  • Feb 16, 2015 5:42am Feb 16, 2015 5:42am
I think the difference here Tim is that the spread on Oando goes very high at the time of rollover. I have been looking at their spreads on the majors, which generally seems to be in line with other brokers.

But their spreads of the exotics at rollover can be huge.

I opened an account with Oando, noticed the spreads after opening, and have refused to fund it. Most of the grips are going to be from day traders who use very tight stops, but even me, a position traders doesn't like the look of that.
  • #4,249
  • Feb 16, 2015 5:53am Feb 16, 2015 5:53am
Quoting Tim_isoara
{quote} I have 3 ecn accounts with different brokers and I have 2 accounts with market maker no dealing desk at Oanda and DMMFX. And all 5 are OK. But ECN accounts widening the bid-ask spread, also. Good luck.

Tim, can I know what are your ECN accounts and which do you highly suggest. Thanks!
  • #4,250
  • Feb 16, 2015 6:03am Feb 16, 2015 6:03am
Quoting AthrunZala
{quote} Tim, can I know what are your ECN accounts and which do you highly suggest. Thanks!
Divisa capital
  • #4,251
  • Feb 16, 2015 6:52am Feb 16, 2015 6:52am
Divisa is OK. But even they managed to widen spread on GBP/AUD to almost 70 pips.
  • #4,252
  • Feb 16, 2015 6:55am Feb 16, 2015 6:55am
Quoting Tim_isoara
{quote} Divisa capital

Any other ECNs? How about Dukascopy?
  • #4,253
  • Feb 16, 2015 6:58am Feb 16, 2015 6:58am
Quoting AthrunZala
{quote} Any other ECNs? How about Dukascopy?
I like Dukascopy. But for Mt4 I must pay a extra fee. I want to link my Mt4 acc. with trade copier.
IC Markets, Admiral Markets
  • #4,254
  • Feb 16, 2015 7:04am Feb 16, 2015 7:04am
Thanks Tim!
  • #4,255
  • Feb 16, 2015 7:16am Feb 16, 2015 7:16am
Quoting AthrunZala
Thanks Tim!
For me was very good broker Alpari UK, but now is in insolvency.
And wait for money.
Your welcome.
  • #4,256
  • Feb 16, 2015 7:30am Feb 16, 2015 7:30am
Quoting Tim_isoara
{quote} You are a idiot/liar in trading. On a standard lot of usd/jpy 40pips is 338$ that is a risk of 84.5%. because you have 400$. Your loss is 84,5% every time when your SL is hit. .
If you have read all my posts, my forex account is 10,000. On that particular trade, while you would put up $3,030 with the broker, I put up $400. You really should pay better attention.
  • #4,257
  • Feb 16, 2015 8:35am Feb 16, 2015 8:35am
Quoting Profit Daily
{quote} If you have read all my posts, my forex account is 10,000. On that particular trade, while you would put up $3,030 with the broker, I put up $400. You really should pay better attention.
Yeah, Put $400 and lose, on a standard lot of usd/jpy. 40 pips that is $338. That is 84,5% loss
Don't lie . Do your homework.
Busted.
  • #4,258
  • Feb 16, 2015 9:03am Feb 16, 2015 9:03am
Quoting Profit Daily
{quote} You would think, but only 10% of my capital is with broker, so I simply send over whatever amount I want to risk on the trade. So if I want to trade 1 lot of USDJPY with a 40 pip stop, I transfer $400 to the broker for that trade, even though margin required is $200. Here in US, even though my risk is $400, I have to put up $3,030, it's absolutely ridiculous.
Prior post , read Tim, like I said you really need to pay attention. If you're going to respond to my posts, at least have your facts straight. I have mine straight before I post. $400 is not my trading capital, it is only what I CHOOSE to deposit with broker, while you put up $3,030 with Oanda. I'll tell you what, you keep getting ripped off by Oanda and I'll keep trading with my offshore brokers
  • #4,259
  • Feb 16, 2015 9:12am Feb 16, 2015 9:12am
Quoting Profit Daily
{quote} $400 is not my trading capital, it is only what I CHOOSE to deposit with broker,
You have in account $400 and lose $338. That is 84.5% loss.
  • #4,260
  • Feb 16, 2015 9:17am Feb 16, 2015 9:17am
Quoting Tim_isoara
{quote} You have in account $400 and lose $338. That is 84.5% loss.
This really cannot be this difficult to comprehend. While people trading with OANDA will deposit 10,000 and leave unsecure with broker, I keep the 10,000 in my own bank account. Therefore, if I lose $338 on a trade, it is a 3.38% loss, you are correct, relative to what is on deposit with the broker, it would be 84.5%. MY WHOLE POINT IS THAT IS WHY I TRADE WITH HIGH LEVERAGE BROKER:SO MY MONEY IS NOT SITTING IN THEIR ACCOUNT, IT IS IN MY BANK!!!!!!
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