Oanda just another bucket shop

Quote from misha7:

Anyone who is "shocked" at the wide spreads after the off-expectations NFP release on a holiday depleted Friday should seriously consider trading some other market... I don't care what Oanda does or does not, but the REAL bucket shop is the one the DOESN'T widen the spread or slip the orders. Why anyone expects the dealer to eat the loss while they make their easy cash is still a mystery to me.
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Bingo.
 
Quote from Mom0/pH0x:

i know people who have had 6 figure days from market orders during nfp- also, SOMEONE is using market orders during nfp, otherwise you wouldnt get that kind of vol, so i think it's a bit reductionist to make this assertion...
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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 Oanda performs this Friday :eek:

Cheers

Mick
 
Quote from MickMason:

lol, someone else who doesn't grasp what the thread is about!

No wonder they say 90% lose money.....
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Wow, Mick! You're impressive. From one word: "Bingo" you were able to surmise that I neither understood the thread, nor make money!

You need to stop trading and hire yourself out as a God damned oracle!
 
Quote from Ivanovich:

Wow, Mick! You're impressive. From one word: "Bingo" you were able to surmise that I neither understood the thread, nor make money!

You need to stop trading and hire yourself out as a God damned oracle!
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lol, yup, the Vaticinator of Victoria!

(ps Victoria is an area of London, nothing to do with sponge cake :p )
 
Quote from atticus:

[ Oanda is by far the largest retail dealer by capitalization. [/B]
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FXCM : http://www.fxcm.com/news-release.jsp

$120,660,927 In Capital (Assets Minus Liabilities)
$98, 657,018 In Operating Cash (Excludes Client Funds)

So if Oanda are by far the largest they have what 5X, 10X the capital of FXCM? Do you have the figures?
 
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