fxsol vs oanda

I'm not knocking OANDA, I have an account with them as well. I think they are an honest broker with an innovative offering - rare to find in this industry. But we must remember they offer very low spreads partly because they get a small amount of interest off every trade taken - regardless if it is positive or negative differential for the client. This allows them to offer very competitive spreads. This must amount to a huge amount on a daily basis.

MK
 
Quote from ElectricSavant:

Your assuming I am picking a direction? Volatility grabbing is another way to trade...get out of the box and open your mind.
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Technically, hedging the same pair is the same as being flat. It does not matter how you trade, or what you do, this simple fact hold is all cases; everything you do with your current strategy (using hedging) can be executed from an initial flat stage and without paying the spread twice.

Hedging will only benefit you mentally or helps you organize trades on different timeframes. Other than that there is no benefit.
 
Quote from MidKnight:

I'm not knocking OANDA, I have an account with them as well. I think they are an honest broker with an innovative offering - rare to find in this industry. But we must remember they offer very low spreads partly because they get a small amount of interest off every trade taken - regardless if it is positive or negative differential for the client. This allows them to offer very competitive spreads. This must amount to a huge amount on a daily basis.

MK
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Why would you assume Oanda takes the difference? Oanda probably uses interestrates provided by commercial banks, which differ for borrowing/holding.
 
Is FXSOL a bucketshop ? What is the conclusion ? They are offering micro mini lots (1,000 $ contract size) $0.1 per pip. If they are not a bucketshop, how can they offset such an ultra mini lots ? If they work as a bucketshop model, why they hide this status ? Also, how about others on this status ? Lets create a list of bucketshops on the fx market.
 
Quote from Baruch:

1. Tradingstation too complicated.

2. Bad service.

3. You pay for news.
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What would you suggest to a person who thinks that TradeWorkstation might just be complex enough, and the C++ API is really great (but the docs could use work)?

Who competes with IB?
 
Heys guys,
I just found this thread and its very interesting.

buckets
1.FXCM
2.IB
3.CMC
4.Gaincapital,forex.com


I am testing SOL this week but they have very poor charting.

Also testing interbank groupe(different than interbankfx)

see my thread for more info and test results.

http://www.forexfactory.com/forexforum/forumdisplay.php?f=49
Journal Factory @ Forex Factory

Also on the hedging note. I am teaching some hedging techniques there also.

Hedging is best used when the market is ranged, you know a big move is at hand. Just not sure wich way because signals are mixed.
Place an order in the middle of the range, hedge it, and place s/l's either side of the range. When the loosing trade stopd out the winner goes on to profits. Determined by fibo's, weekly,daily trend lines, and pivots. Also good around news if you are really brave.

I hope this helped some one.

O'yea hi electric

:D

Dave

edit: currently I am live on FXCM(eeww) 1 year of trading exp.
In 6 months of testing demos I am leaning heavily to CMS. For the charting, hedging, 400:1 leverage and you can trade mini and standard lots off the same account.
 
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