TradeSmarter

Joined Oct 06, 2010

Posts: 22

Connections: 0

Experience: More than 5 years

Location: United States

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Recent Posts

Did anyone else get burned by OANDA's Stop Hunting Practices Today?

Dude, Oanda is not a broker. You are playing against Oanda, and unlike black jack, the dealer here sees all your cards when you place a stop loss order.Not only that, the other player Oanda sets the price, not the market or other players.

2807

Feb 12, 2014 at 22:02

Did anyone else get burned by OANDA's Stop Hunting Practices Today?

There's a huge difference between a broker and a Dealer/Market Maker.Meaning a broker has a duty with both parties to broker a fair and honest deal and has no other interest in the deal than making his commission and get paid the same no matter which party comes out on top.A Dealer/Market Maker m...

2807

Feb 12, 2014 at 13:01

Did anyone else get burned by OANDA's Stop Hunting Practices Today?

It's funny how people keep on referring to Oanda as a broker. I'm starting to wonder if those people are victims of a misinformation campaign by Oanda, or if they are Oanda trying to spread the misinformation. 😀

2807

Feb 10, 2014 at 12:46

Did anyone else get burned by OANDA's Stop Hunting Practices Today?

Hmm.First, Oanda is not a Broker. They are a Dealer/Market Maker. Stop loss hunting is not done at the broker level since brokers do not act as the party on the other side. How ever Forex Dealers which are acting as Market Makers are the counter party and this is where this activity occurs.See...

2807

Feb 10, 2014 at 12:20

Did anyone else get burned by OANDA's Stop Hunting Practices Today?

Yeah, I've been reading about the liquidity argument there for a bit. I can understand spread widening in non USD Major pairs, but not in USD Major pairs.In any event, I've been trading off and on for over 5 years and never got burned like this on a USD pair. Also, a lot of dealers offer fixed ...

2807

Feb 08, 2014 at 14:42

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.15904	GBPUSD	1.3543
USDJPY	159.776	USDCAD	1.38912