I was looking at them they have damn good spreads gbp/jpy and gbp/chf just 6 pip spreads most broker or in 8-10
I was looking at them they have damn good spreads gbp/jpy and gbp/chf just 6 pip spreads most broker or in 8-10
They do not like people only trade the news? I think it's ridicolous, should a trader pay the disperse exactly what they want more? They can tell us exactly what trade to do to lose all and make them joyful???Originally Posted by ;
Anyhow, what is a good broker for news? I think is a neverending looking like I've seen on this forum too
thank you guys for all these very useful infos
After long term research and fougth, I believe they have some reason when they complaint because traders only trade news, afterall in the news there are a few very competitive movements, and market makers trade at gross, wich is not compatible with agressive movements.
To trade news you better go with a ECN, but take carefully with market orders.
Well, I am trying opening account with them, I have never seen a lot of bureaucracy requirements.
Regrettably, in what I know, there isn't an ECN Using metatraderOriginally Posted by ;
The advantage of metatrader is the EA. But to exchange news EA isn't needed by you.
Or you've got any access to your database together with the time of the news and it is speculation?
After opening an account with ODL there's this clause
7. NOVATION OF OPPOSING CONTRACTS . Whenever there may exist in any Customer Account two or more receptive and opposite Contracts supplying in whole or in part for the sale and purchase of the same Foreign Currency or Cross Currency Pairs on the same Value Date, these Contracts will automatically be canceled and replaced by an obligation to repay only the net difference between amounts payable in respect of the applicable currencies under the applicable Contracts, and/or the difference between the quantities of the appropriate currency deliverable thereunder.
Does that mean there's no hedging in this?
I'd like to think some other Metatrader can do hedging.
Hmmm....ODL had a 3000 PIPs spike of USD/CHF the other day which took my transactions out completely. Although they put everything back into the initial state and returned all my money 2 hours after the spike(without talking to them because I was asleep at that time), it's something which you might want to aware with their MT4 platform.
To reply previous query, they pay LIBOR-175 foundation point for brand new margin.
3000 pips spike?Originally Posted by ;
Do you utilize ODl currened or even ODl retail?
Wow, do you have a chart screenshot of this? Was this on their MT4 platform or their Currenex platform? There's another thread going around about a 250 pip slide in their Currenex feed, this might be just as frightening.Originally Posted by ;