Registered: Jun 2011
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..
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.