Search results

Exactly, and for fundamental traders it's one of the most potentially profitable events so I can't see why they would want to avoid it. I can understand some people are reluctant or scrared to trade these types of releases but it doesn't mean they're not tradeable. I guess we'll see how...

lol, someone else who doesn't grasp what the thread is about! No wonder they say 90% lose money.....

You're right, it is! Supposedly experienced traders giving advice like "don't trade retail", "don't use a marketmaker", "trade futures", "trade on an ECN", "don't trade NFP".....lol, and all that 'helpful' advice when the thread is really about Oanda being just another bucket shop who employ...

You have mail (well a PM anyway)

Ok, will do, I think I have a natural flair for taxidermy so maybe I'll give that a shot. Are we done now, would you like the last word perhaps? Cheers Mick

That's nice, I'm sure you're in good company, you deserve each other. Anything constructive, no? No, ok, I understand, but thanks for your input.

You choose, whichever one makes you happy :) I take it that concludes the semi-sensible part of the conversation, it's all downhill from here. Figures.......

rateesquad, just check around the Oanda forums to see what happens every NFP, perhaps you're one of the rare lucky ones or maybe you don't try to place market orders at that time. It's happening, freezes and disconnects. Pocketjacks, sure the order flow increases but other marketmakers seem...

Sure, more times than not it's noise and is just a tradeable kneejerk, I appreciate that which is why I believe any kind of analysis prior to release is pretty worthless for a trader who wants to actually trade the release itself. I can't honestly see any strategy working, momentum or...

Very true! lol, I'm not quite sure how else to explain this any other way than I have done already but I'll give it a shot for those who can't (won't?) understand....... Firstly, I don't care who people trade with, it makes no difference to me. I'm not alone when it comes to being on the...

What :confused: Did you bother ro read the thread before making a comment, it's nothing to do with spreads. Oanda may not be quick enough to hedge but other marketmakers are, and before you say it yes, I'm going to trade data like NFP through CMC who requote and fill, unlike Oanda who...

Thanks Rocko, I think maybe I'll swap strategies between brokers, I always used CMC for positional trades and Oanda for daytrading, the other way round may work better and it would certainly solve the current problems! Now I've just got to scrutinize the terms to make sure there's no minimum...

True, I wouldn't expect my bookie to be out nobbling the favorite in the 3.30 at Epsom just because I have a bet on! Having said that, manipulation in betting is rife. I'm always open to suggestions of an alternative but trading futures doesn't appeal to me, neither do ECN syle marketmakers...

In essence I suppose they are! But what's wrong with that? They accept a bet and pay out when a punter wins, sounds reasonable to me.

I'm not sure anyone expects marketmakers to eat loss do they? What options does a marketmaker have to protect himself from loss when data like NFP is released? Widen spread, requote, refuse trades, or freeze/disconnect the platform. I trade with two marketmakers, Oanda and CMC, I can only...

Being a Bank Holiday I could understand if it was just Friday's NFP but it's not, it's every NFP! I posted this on another forum, it about sums things up I think.

I don't expect any different from these types of set-ups, that's the whole point, so why trade a 30 pip spread with Oanda when you can trade a 2 pip spread with a similar set-up? Oanda claimed to be the first 'transparent' marketmaker, fair to their clients, Forex Traders Bill of Rights blah...

Whining? lol, who's whining, I'm just stating fact. I'm happy trading spot, I trade NFP regularly through another marketmaker without problems, why would I want to change to futures?

Another NFP day and yet another farce at Oanda! Looks like Oanda have finally realized, after falling profits, that playing it fair and transparent just doesn't pay the bills. They started out with the best of intentions, it's just a shame they couldn't keep it up. First they widen...

Hi clauswitz I wish I could help but I'm knee deep in FSA red tape myself and my understanding is very limited, UK legislation is a minefield! If you don't get a reply in this thread the only thing I could suggest would be to post a new topic, the subject of this one is a bit misleading...