The greatest force on earth is compound interest.
How much do you want to make and why do you want to make it 17 replies
Oanda users - Oanda widening spreads 62 replies
Does anyone know a website which does technical analysis for you? 5 replies
OANDA Canada vs OANDA Corp. 4 replies
DislikedYes they make money with the spread. Just look at interbank spreads and Oanda's spreads. Take the difference and multiply it with about 300 million transactions so far.
Regards - XaronIgnored
DislikedI see it as a potential conflict if they take the opposite side of your trades given they see your stop, pending orders, etc. and have all your account history.
a good broker will just make money on the spread at the time you place the order. I have no idea what Oanda does though...Ignored
DislikedI see it as a potential conflict if they take the opposite side of your trades given they see your stop, pending orders, etc. and have all your account history.
a good broker will just make money on the spread at the time you place the order. I have no idea what Oanda does though...Ignored
DislikedOne way to counter that is not to put in a stop-loss or pending limit orders but monitor the market closely. Stop-loss orders are market order anyway so as soon as you see the price hit your stop-loss level or your pending order price, pull the trigger and take out the trade. That way, you are protected somewhat from their SL-hunting.Ignored
DislikedWith all the millions of transactions, and massive trade data that go thru the Brokers, don't you think "they" have enough statistical data to know where the danger zones are for their clients?
How do you think traders live everyday with 10 pips or less hard stops. What do they know that most don't?Ignored
DislikedOanda's Site states the following: (quoted on 10/25/2007) {quote}I would like to hear everyone's take on Oanda's statement. Taking into consideration that OANDA is a market-maker broker, is it still possible for OANDA to profit when we consistently make money? Has anyone ever been turned away from OANDA for making too much money? Your comments are very much appreciated.Ignored
Disliked{quote} I have a live account with Oanda Representative, they actually do make money whether you loose or win. Despite this, I still believe they are among st the list of genuine brokers.Ignored
DislikedYes they make money with the spread. Just look at interbank spreads and Oanda's spreads. Take the difference and multiply it with about 300 million transactions so far. Regards - XaronIgnored