Stay out of the FOREX market

[neil]

Oanda advises its' FOREX clients to sit on the sidelines for now and simply watch:

Oanda to Clients: Stay Out of Currency Markets - MarketBeat - WSJ

Some comment on the above from Forexfactory:

Oanda to Clients: Stay Out of Currency Markets @ Forex Factory

Food for thought ?

 

[bbmac]

You gotta question the motives of a broker that advises that ? when really '..with volatility comes opportunity..' [well at least for those with secret boxes smuggled out of nazi germany and similar such gizmo's.]

G/L

 

[pboyles]

Oanda advises its' FOREX clients to sit on the sidelines for now and simply watch:

Oanda to Clients: Stay Out of Currency Markets - MarketBeat - WSJ

Some comment on the above from Forexfactory:

Oanda to Clients: Stay Out of Currency Markets @ Forex Factory

Food for thought ?

Maybe they've nicked all the client money and are going to end up like MF Global.

 

[the hare]

Maybe they've nicked all the client money and are going to end up like MF Global.

If I owned Oanda thats the very last thing I'd be doing ! Those guys have a golden goose, the last thing they want to do is slaughter it !

 

[Hoggums]

Maybe it's a bit of reverse psychology. How many people do what they're told?

 

[wackypete2]

Well, as a forex trader I have no intentions of staying out of the market. I agree with what bbmac said, "with volatility comes opportunity".

Yeah, I get whipsawed here and there and bang my head against the wall a few times but IMO it's more difficult to make money in a non-moving market.

Peter

 

[kbit]

Does not compute....sounds very odd indeed. A broker that does not want thier clients to trade ?

 

[neil]

Does not compute....sounds very odd indeed. A broker that does not want thier clients to trade ?

Maybe I am a cynic:whistling

 

[Shakone]

A sales gimmick, so they can come across as the caring broker, when in reality they're betting against you

 

[JDTRADER]

Well, as a forex trader I have no intentions of staying out of the market. I agree with what bbmac said, "with volatility comes opportunity".

Yeah, I get whipsawed here and there and bang my head against the wall a few times but IMO it's more difficult to make money in a non-moving market.

Peter

Yeah......what he said

 

[wackypete2]

Personally, I'd advise all retail punters to stay out of spot forex permanently.

hehe...you'd think someone with a name like "machin' cojones" would be a bit more daring :whistling

Peter

 

[forker]

you seen his vid

 

[Pi3141]

could somebody post a link please?

 

[Aspen Trading Group]

Does not compute....sounds very odd indeed. A broker that does not want thier clients to trade ?

I applaud Oanda on this, sure volatility creates opportunity, but largely speaking volatility will destroy traders without a fair amount of experience. So while Oanda may take a hit in terms of transaction volume for a week or two - they are trying to prevent their clients from blowing themselves up.