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Old May 7th, 2012, 08:06 AM   #7
Pippi436
 
 
Join Date: Jun 2006
Posts: 933
Oanda uses midpoint bid/ask charts, your CME charts are last-trade px charts. Just sayin..
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Old May 7th, 2012, 08:13 AM   #8
Jack_Larkin
 
 
Join Date: Jun 2011
Location: Toronto
Posts: 643
Quote:
Quote from Pippi436:

Oanda uses midpoint bid/ask charts, your CME charts are last-trade px charts. Just sayin..
This.

As well, the widening spreads during news releases has always been a known trading condition for Oanda.

So I simply don't trade news with them. I use another broker for that (one with 'price improvements' and tight but very volatile spreads during news.)

For day trading periods between news (and during liquid times,) or swing trading (where your swinging hundreds of pips instead of scalping,) Oanda is still hard to beat. The news thing is just one of their 'catches'.

Anyway... good luck with the new broker, let us know your impressions of them for live execution.
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Old May 10th, 2012, 12:40 PM   #9
fred1
 
 
Join Date: Jan 2010
Posts: 48
let us know who is better than oanda
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Old May 10th, 2012, 04:46 PM   #10
ElectricSavant
 
 
Join Date: Jan 2003
Location: Sweden, California, Colorado & New York
Posts: 14,844
I still trade Forex and I do not know why...so do not ask...But I am leaning towards Currency Futures, lately.

ES

Quote:
Quote from fred1:

let us know who is better than oanda
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Old May 10th, 2012, 04:53 PM   #11
Zr1Trader
 
 
Join Date: Dec 2010
Location: MN
Posts: 1,866
Quote:
Quote from fred1:

let us know who is better than oanda
I've used Mirus ninjatrader-zenfire for the past few years with absolutely no problems.

As far as forex spot market I have only tried oanda.

I agree with above poster who said they still aren't bad with longer timeframes (30min +) IMO.

One thing I would like to see is a warning of which of the news releases/events they are going to widen the spreads for which pairs ect.
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Old May 12th, 2012, 10:26 AM   #12
fred1
 
 
Join Date: Jan 2010
Posts: 48
so you are saying that oanda is bad but there is no better fx trading company than oanda ?
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