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Mysticforex

Oanda Open Positions Summary

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How are you finding Oanda as a broker? Someone recommended them to me because you can see all the open positions on their exchange. I also like the tightness of the spreads. Do Oanda ever publish them like open interest figures for commodities?

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How are you finding Oanda as a broker? Someone recommended them to me because you can see all the open positions on their exchange. I also like the tightness of the spreads. Do Oanda ever publish them like open interest figures for commodities?

 

I have been using Oanda since 2007, so obviously I am satisfied with them.

Open, and pending orders can be viewed on their website, or right from the trade platform.

Click "Resources", then click "Oanda Forex Order Book".

 

Yes, the spreads are good. As I type this they have 2.6 pips on GBP/JPY.

They do widen during risk events, news etc, so they are not good for "News Trading". Not an issue for me.

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iwshares,

 

I like Oanda. Have had an account with them a long time.

Reliable, fair costs, good customer service, overall platform is good, great reporting but charting just barely up to snuff,.etc. -

High recommendation for beginning traders. Start live from day one instead of doing all the sim crap.

(ie -noobies! Sim after you know how to trade! Not before!)

 

only con: In my experiences comparing side by side feeds (currenex, etc), I think they 'slide' more than they should in fast markets. But certain techniques can actually take advantage of those departures so ...

 

I use them for fractional positions mostly. The 'infinite' sizing is great for precise MM

Also use them when I can't get business done at the 'banks'

 

hth

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Ever wonder what would happen if you just faded these oanda ratios?

 

(btw mfx, let us know if you don't want discussion cluttering up your thread. thx)

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