Compared to Barx, Oanda's spreads aren't too bad (except Eur/Aud, typical!) Slippage is even crazier than normal this morning though, every trade both in and out had between 5 and 15 pips slippage.....and the market is hardly moving! ~ Barx Oanda CMC
Last Test Date: 11/4/2008 Total Tests Taken: 1 Fastest Download: 14364 kb/s Fastest Upload: 4266 kb/s Average Download: 14364 kb/s Average Upload: 4266 kb/s I ran a download/upload test this morning to a server 100 miles from my location. Oanda seems a little balky. The only reference I have for their connection speed is the up/down arrows on the quote list.
Good call! How did you work out support, I'm useless at that support/resistance stuff, was it the previous low(s)? I see the VIX is back below 50, hopefully this means some reasonable spreads and less slippage! 3'o'clock in the afternoon and now they reduce spread to 18, just when I'm finished for the day. Pah.....
Sorry for the delayed response. I use standard pivots , off the 1 day chart. Looks as though there has been little movement out of range all day. What are you using to calculate VIX? RSI? I just looked at a daily, Some would call that an M-something- or -other. No f'n idea how to use that. I use only daily pivots and a stoch, 14,3., and trendlines. Set the EUR/AUD on a 1 hour, look at the trendline channel starting back around Oct 29.:eek: I gotta go vote for the other guy before the polls close.
Cable, Maybe you can help me out here, I have been trading live for just a little bit now. I trade thru GFT and MBTrading, and an account at trdestation. When you trade at Oanda and say you make a few hundred in a day or whatever. Does some money get taken out a few days later due to currency conversions or what not. I am talking about intraday trading, and I wasnt in any trades when they do there rolls. I just want to make sure I am not getting ripped by the broker and see if thats normal. Today I did a few trades made like a 100 bucks but then I noticed my equity refelected that 100 and then a few hours later it showed me still up a hundred but my cash balance reflected as if it were 80$ and I called and they said it was a conversion that was done for trades a few days ago since currency trades settle every 3 days. Just want to make sure thats correct with others, thanks
Hey y'all. Unfortunately the wide spreads are happening everywhere, even on Cx. Get a Cx demo from somebody, like Aaron, or PFG and you will see what I mean. The spreads are related directly to a lack of liquidity, remember the role of the speculator is to provide liquidity. In general the higher the liquidity in any market the smoother the moves. Speculators are the ex lax of the markets, if there is a lack of liquidity, then you can see prices jumping up and down, to see this look at a tick chart, 1 tick. In other words the bank/hedge speculators ain't a speculating. Hopefully things will settle down after the election. In the meantime remember the traders mantra "preserve capital, preserve capital, preserve capital, oooommmmmmmm, ooooooommmmmmmmm. The Ever Meditating and Preserving VIPER
FXCM spreads have been excellent except for the GBPUSD. That pair is my favorite and I cant even trade it because of the pip spread that FXCM charges on it now. SO weird that none of the others changed. In fact I have still been getting 3-7 pips on eurjpy. That my new buddy. Just paid 5 pips to get in at market a few min ago.
Just a quick question guys.. Anyone here trading FX thru IB's IdealPro? Is there any disadvantages? Thanks.