Crap Buddist
Senior member
- Messages
- 2,458
- Likes
- 289
Spreads are o.k. , platform good, they widen their spreads on news release final minute running up to the release and narrows depnding when liquidity comes back in. So if you are going to be positioned before news release, allow + 25 (cable) points spread widening .
Otherwise wait til the spread narrows , then you know something liquids coming in.
They offer digital box options too.
By all means make use of their demo accounts, whilst you are attempting to solve the puzzle.
Good forum site too http://fxtrade.oanda.com/resources/forums.shtml
Otherwise wait til the spread narrows , then you know something liquids coming in.
They offer digital box options too.
By all means make use of their demo accounts, whilst you are attempting to solve the puzzle.
Good forum site too http://fxtrade.oanda.com/resources/forums.shtml
my trading is around economic release data..this might prove a problem hehe.
Are you saying they widen the spreads before news is released..and its widened by 25 points?
Me knowing very little I interpret that as the spread being increased to 25 pips..which surely must be wrong?
Are you saying they widen the spreads before news is released..and its widened by 25 points?
Me knowing very little I interpret that as the spread being increased to 25 pips..which surely must be wrong?
zupcon
Experienced member
- Messages
- 1,162
- Likes
- 322
On one occassion a few months ago it widened to 200 pips at NFP due to an operator error at their end !
Despite that, I think that for anyone who wants to take a look at FX, Oanda really is the only way to go, but I certainly wouldnt advise trading anywhere near a news release with them.
Crap Buddist
Senior member
- Messages
- 2,458
- Likes
- 289
Wrong ? I can understand it, no liquidity, more risk to the market makers. Is it fair?
i think so, you know the score .
typically before a news release say 20 seconds prior to it, the spread will go ..
5, 8, 10, 15, 25 on the release depending on what news is due out, that will happen in about 20 seconds, then it will come back, again depending on liquidity. sometimes its back in less than 1 minute, sometimes longer. So if you are looking to position on immediate news realease ie 1 or 2 seconds then it will not be suitable for you I'd say.
Like i said if you are not positioned before you would have to wait for the spread to narrow and look to find best value entry.
Not all spreads widen to +25 depends on the news etc. + 10 yes very usual.
Maybe ask FX trade users on the forums, how they tackle trading news release considering the spread issue, they might give you further ideas ..
Crap Buddist
Senior member
- Messages
- 2,458
- Likes
- 289
Yeah, ive experience a mental blip like that, they did refund the trade. So they are very reasonable if there is a platform error.
Crap Buddist
Senior member
- Messages
- 2,458
- Likes
- 289
Well if you are positioned before, then no worries, you should get the normal spread. but you would need to factor in additional spread on your stop.for when the news comes out, If you intend yo use one. You could always reduce size of your trade to downsize risk, allowing for increase volatility /stop (extra spread) .
Crap Buddist
Senior member
- Messages
- 2,458
- Likes
- 289
Eh ? its now 1.2 EUR/USD 2.5 GBP/USD dont forget they quote in pippetes
You'll get the hang of it.
