Oanda down here, anybody else ?
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OANDA down
- Thread starter NickBarings
- Start date
No, it's working fine (FXTrade).
I understand that Oanda effectively offers no dealing desk to trade with via telephone.
- They will allow you to close positions via telephone when Oanda is down.
- They view allowing you to close positions via telephone when you are down (internet, systems, away from desk, etc.) negatively.
- No opening of positions via telephone, period.
I would like to hear more about how this has worked out with clients. What happens when there are technical problems?
- They will allow you to close positions via telephone when Oanda is down.
- They view allowing you to close positions via telephone when you are down (internet, systems, away from desk, etc.) negatively.
- No opening of positions via telephone, period.
I would like to hear more about how this has worked out with clients. What happens when there are technical problems?
I've been trading with OANDA since 2001; I've never had trouble with their policy.
There have been maybe three instances when I was unhappy because of a bad spike. They went back and undid my orders that were triggered.
I would have to say that my style (emulating the successful traders I have known) relies more on management of stops than on getting the perfect entry price.
There have been maybe three instances when I was unhappy because of a bad spike. They went back and undid my orders that were triggered.
I would have to say that my style (emulating the successful traders I have known) relies more on management of stops than on getting the perfect entry price.
Thank you for the posts - would be great to hear more, especially about today .... because there was no reward and no risk in the market. With a data release like NFP, and multiple officials speaking it only takes seconds for the market to travel.
Even with telephone dealing, unless you are calling a familiar desk on a direct line where you can short cut through the extra info and cut to the chase - computer input will always be blindingly faster.
Counterparty imposed VaR, it does not get any better.
Even with telephone dealing, unless you are calling a familiar desk on a direct line where you can short cut through the extra info and cut to the chase - computer input will always be blindingly faster.
Counterparty imposed VaR, it does not get any better.