lol, this is so funny watching two clueless people like slapshot and traderNik chatting No mate I don't work at McD's or count pips in my sleep, and I'm not an employee of Oanda or any other bucketshop, I just post my trading blotters to prove a point to clueless people like you who think they know what they're talking about but quite obviously don't, and also to try and give some inspiration to others who are trying to make it in this business. If, as you say, you're getting 3 pips slippage on IB trading a liquid pair like Eur/Usd in 'fairly calm markets' then you probably need to change your broker, I make dozens of trades every day with Oanda and so far this year (>300 trades) haven't had slippage on one single trade or had any trades busted. Post garbage and expect to be corrected because it's people like you who steer others in the wrong direction. Now, how about seeing some of your forex trading blotters, I've posted mine (no text files please, just screenshots of platform blotters for executed trades on a live trading account, thanks) Tooooo funny
I think they call that a Freudian slip Another ET altruist. How quaint. 2600 posts in one year. Hmmm.... My guess is that this is what a real fill looks like in the Forex markets, but I could be wrong. Like I said, I just started watching recently during a quiet evening here. Horseshit Are you stoned or stupid? Reading comprehension's clearly not your strong suit. Try reading my post again, Einstein. Photoshop. I know, I know... don't feed the troll/Oanda shill. slapshot, you're more qualified than I am. I'll leave the spanking of this young man to you.
Why, what are the benefits? Crash of one broker is not exception ... Crash of 3-4 brokers in one time possibly ,but it would mutliple time's more rare case ... Specific to fx spot industry - Fund by forex spot broker's are not protected in most of the case (U.K. exception) But ,if with knowledge's of all that, you are happy to have only one account by Oanda ,not the problem ... Make that ,that give you satisfation from life
Quote from cabletrader: I'm not an employee of Oanda or any other bucketshop Quote from traderNik: I think they call that a Freudian slip How is it a 'Freudian slip', you suggested I'm an employee of Oanda's and I simply stated that I'm not, there's nothing Freudian about that. Quote from cabletrader: to try and give some inspiration to others who are trying to make it in this business. Quote from traderNik: Another ET altruist. How quaint. 2600 posts in one year. Hmmm.... Nothing wrong with helping others, you should probably try it sometime (if it's within your capability to be helpful of course) Quote from cabletrader: If, as you say, you're getting 3 pips slippage on IB trading a liquid pair like Eur/Usd in 'fairly calm markets' then you probably need to change your broker Quote from traderNik: My guess is that this is what a real fill looks like in the Forex markets, but I could be wrong. Like I said, I just started watching recently during a quiet evening here. You totally missed the point. All the more reason to trade with a bucketshop then (depending on volume), it's hardly rocket science. Quote from cabletrader: I make dozens of trades every day with Oanda and so far this year (>300 trades) haven't had slippage on one single trade Quote from traderNik: Horseshit Nope sorry, not horseshit, it's fact. Your comment goes some way to showing your inexperience of forex trading. Aside from that, if I'd had slippage, or any other problems with Oanda so far this year, I would be the first person to complain about it like I have done in the past, I have no allegiance to Oanda or any other marketmaker. Quote from cabletrader: Now, how about seeing some of your forex trading blotters Quote from traderNik: Are you stoned or stupid? Reading comprehension's clearly not your strong suit. Try reading my post again, Einstein. lol, yeah right, so that would be a 'no' to posting any blotters then? No surprise there really.... Quote from cabletrader: I've posted mine Quote from traderNik: Photoshop. Oh please, but you're welcome to try photoshopping >1,000 Oanda trades with times and prices if you want, I can't wait to see the results Quote from traderNik: slapshot, you're more qualified than I am. I'll leave the spanking of this young man to you. I think I see what your problem is, you simply can't accept the fact that someone can profitably scalp forex with a bucketshop, something that you are obviously incapable of doing and in your mind that makes you feel inadequate, I understand. Don't worry though as you're not alone in your shortcomings, the statistics suggest ~95% of people fail in this business so you're in the majority. Are we done or have you got more nonsense and garbage to spout on a subject you seem to know nothing about? I'm sure slapshot will be along soon to hold your hand and console you so don't panic. Really, too funny.....
Client accounts are held with Oanda, it was their choice not mine and they're comfortable with where their money is. Most client accounts are not compounded initially and clients are advised to withdraw profits on a regular basis to reduce their initial capital exposure to trading risk and to risks associated with broker insolvency. I have my personal trading account with CMC using bank guarantees, and funds held in that account are limited to cover margin requirements and drawdown, and they fall well within the FSA and FSCS limits. There's absolutely no need to have large sums of money on deposit in broker accounts anyway.
ps....it's actually 2081 but don't let facts get in the way of you trying to make your point. "Reading comprehension's clearly not your strong suit" then Einstein? 4356 posts in ~7 years, hmmm, let's hope the other 4350-odd are of a better standard and at least have marginally more pertinent content than your posts in this thread or else you really have wasted your time
Say what you want. I wouldn't even want to try. Why trade against a stacked deck when you don't have to? Seems to me that you are the ignorant one because you don't know there is a much better way to trade FX. I trade EC & JPY Globex futures, with 1 pip spreads, no slippage and never get bucket-shopped like this thread is talking about. The fills are much faster. The trading software doesn't freeze. My stops get filled 100% accurate. My entries are 100% accurate. I don't get scammed into fills where the price chart never travels. I can spit the spread anytime I want and get filled almost always, unlike your fixed FX platform bid/ask quotes where the spreads are fixed and it costs you 2 - 3 times as much to roundtrip as I pay. I have never once had to call my broker and complain that they fucked me, since I trade the CME against other traders and MM's, not a Dealing Desk who is only going to fill me corrrectly if it is to their advantage. Can you say the same with Oanda or any other dealing desk shop? The answer is "no" or there wouldn't be a thread like this (and the multiple other ones just like it). How do you think they make their money? By giving YOU optimum fills? You are a fool it you think that. So before you call anyone else ignorant, you should get some facts. -------------------------- If you think I am wrong, then why don't you make a comprehensive argument about why what I said is not true instead of just posting insults, you troll?
SEE THE ABOVE QUOTE FROM CABLETROLL, NOW SEE HIS OANDA REVIEW FROM JUST 2 MONTHS AGO: -------------------------------------------- "Their platform sucks!" - cabletrader November 03, 2008 2:25 AM http://www.elitetrader.com/br/?action=view&R_FirmID=195 Quote & Execution Speed 3 Range of Services 1 Training & Tech Support 1 Commissions & Fees 4 Overall Reliability 2 "Oanda used to be a great marketmaker, now they're barely competitive! Spreads are sometimes ridiculous even in the most liquid market conditions, their java platform is quirky, connectivity is unreliable, slippage is out the wazoo at times, and customer service is worse than ever! Professional traders are getting fed up and leaving, they won't stand for this garbage. If they don't get their act together soon Oanda are going to be left with demo kiddies and nickel&dime pocket-change wannabes." -------------------------------------------------- APPARENTLY THIS STORY HAS CHANGED QUITE A LOT . . . SO WHICH IS IT?
BWAHAHAHAHAHA!!! Oh my GOD!!! slapshot, nice find. kiddietrader, you are in so over your head here, son. Maybe try again with a different username. Absolutely fucking pathetic.
Really? Let's check it out... Oanda's usual spread on Eur/Usd is .9 pips, and around 1.6 pips on Usd/Jpy, no additional commission to pay. How much does it cost you in commission for a round trip? Sure they might shade price but it works equally in my favor as it does against me, they don't quote individually. I get instant fills even across volatile data like NFP, you can't get much faster than that! My stops also get filled '100% accurate', and if any order was filled on a misquote (bad tick) it gets reversed, again that works equally in my favor as it does against me, sounds fair to me. lol, how is .9 pips and no commission "2 - 3 times as much to roundtrip" as you pay? Any problems I've had with erroneous fills have always been sorted out swiftly and efficiently, where's the problem? Bad ticks happen, it's a fact of life, but they're always sorted out and trades are reversed if necessary. Ok, so you quite obviously don't understand the way these shops operate. Most of them make their money by running two books, they hedge on aggregate above a certain threshold, and they shade price. Sure they went through a spell of platform 'problems' and some very 'unusual' quotes, but they've obviously sorted out whatever the 'problems' were, so far this year (across >300 trades) there hasn't been one problem so let's hope it lasts! I think it's you who needs to get your facts straight, read your first post where you say daytrading and scalping a dealing desk is "just plain stupid", and my reply which proves your theory is just plain misguided nonsense. The facts speak for themselves. I'm always happy to have a sensible balanced debate about the pros and cons of trading spot with a bucketshop marketmaker vs an ECN or trading futures, for me they offer a valuable service and if you look at the trading blotters I posted you'll see that intraday scalping is in fact not only not stupid, it can be extremely lucrative! At the end of the day it's what we're familiar and comfortable with which counts, and if we're consistently making money then it simply can't be wrong.