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Pippi436

Registered: Jun 2006
Posts: 842

05-07-12 01:06 PM

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

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Jack_Larkin

Registered: Jun 2011
Posts: 492

05-07-12 01:13 PM

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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fred1

Registered: Jan 2010
Posts: 48

05-10-12 05:40 PM

let us know who is better than oanda

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ElectricSavant

Registered: Jan 2003
Posts: 14844

05-10-12 09:46 PM

I still trade Forex and I do not know why...so do not ask...But I am leaning towards Currency Futures, lately.

ES

Quote from fred1:

let us know who is better than oanda

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Zr1Trader

Registered: Dec 2010
Posts: 1538

05-10-12 09:53 PM

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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fred1

Registered: Jan 2010
Posts: 48

05-12-12 03:26 PM

so you are saying that oanda is bad but there is no better fx trading company than oanda ?

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