lol. what luqmanz said is true. IMO u can easily avoid the high spread time in Oanda. Sometimes the market can change 100 pips even on a non-news hour. You just need the patient for the opportunity to come.

Not to mention Oanda Spread are generally a bit higher during pre/post weekend (Monday Morning, Friday night) I generally do not trade in these 2 days. It is generally much harder to predict the market trend in these 2 days. Right now typing this reply Monday morning 10.15AM the spread @ Oanda is 2.0.

The lowest spread I saw Oanda offer is 1.2 Spread. Thats Last Thursday.

This post has been edited by billytong: Jan 29 2007, 10:14 AM

ohh Cool man Monday after 12AM NY time now is @ 1.2 pip spread.

Siaokia,

The spread is showed on Oanda platform when u do trading.


PS: Bloody Hell The whole internet line is laggy I got slip for every open and close position. Lucky I am still in Virtual mode. I wonder when I can be live again, since last yr's earthquake.

Their platform is develop in Java. Sometimes it take quite a lot of resources, but for a new PC it shouldnt be a problem. The only problem I face now is our line to their server is quite slow since the quake. The connectivity is improved a lot but it is still too slow for a active scalper like me. During a market with high volatility 1-2 seconds delay can mean a 1-3 pips difference.

I just scalp a nice 20 pips today. am Happy with it but not total satisfaction. Becos I'm not closing at the lowest point.

U are not taxable if you bring foreign invested money back to Malaysia. It is actually helping Malaysia's Economy. On USA part, foreign investor are not taxable by USA Gov. Because USA's economy highly rely on foreign money.

So with this kind of scenario we are not taxable at all. What we earn is wat we will get.

it is illegal to open a firm to trade. But it is not wrong to use a broker's service. Get it?

Usually it is advisable for a newbie to start with a only 1 currency Pair.

Well I'm a live Oanda trader, manage to grab some small 20 pips profit on EUR/USD rally just now. So far their service is quite ok. Their spread has gone lower now it is 1.2 already. (the website say 1.5 is untrue). But Watch out of the spread widen just now 9.30PM GMT+8 the spread open suddenly to 10. Lucky my stop loss is way far away. if not it hit I will suffer a 10-15 pips loss. Just watch out their spread. Usually happen @ news announcement time 8-12PM GMT+8.(Our time).

This post has been edited by billytong: Feb 28 2007, 10:37 PM

It happen once a blue moon. But it is not as often as few months ago.

It affect all of them, if u enter during 10 pip spread, you will be pay extra 10 pips higher than market. if u close ur existing position @ 10 pip spread, you will lose more pips.


Yeah the EUR/USD crash this morning. It hit my take profit. I wasnt able to move my take profit further down fast enough! Damn!

This post has been edited by billytong: Mar 5 2007, 11:48 AM

Bah make it simple. buy at the very bottom and sell at the very high. (after fundamental analysis)

Guys I think we should have one IRC channel or channel medium to share and profit and do better among ourselves.

Or is there any oversea IRC channel that I can join off?

I long EUR/USD @ a not so good Price 1.3135 , now hoping it rally above 1.3173.

Limit another @ 1.3148 (after 1.3145)

Where are the hedgers? come on!

This post has been edited by billytong: Mar 7 2007, 01:32 PM

I close that not so good position with minor loss and long another one @ much lower price. After all the Spread is just 1.2 only.

The 1.3080 seems to be a very good support. Anything break below 1.306x will be a disaster

This post has been edited by billytong: Mar 7 2007, 03:59 PM

It seems to recover from the fall, but it is still lack of strength to climb up.
Well these thing normally happen after the end of a sharp 90 degree drop/up. Most of the time I see this after dropping. But u can grab some over buy or over sold position if you are trading a longer term.

The triangle ends, now it is bullish.

EDIT : the 1.3236/40 is a very tough resistant.

This post has been edited by billytong: Mar 7 2007, 08:48 PM

I close my position and take profit yest midnight already. Take first, dont greed.

now I'm looking for another long.

@ the current price 1.317x, it doesn't sound a good buy to me. Look at the chart, it is possible to have a minor fall.

I'm waiting to long @ 1.315x/60.

If it doesn't go down. Never mind, I'll look for a short above 1.3220/60. It is better to lose an opportunity than losing money.

lol, EUR/USD market free fall. But it drop more than I expected. I stay put until I see the bottom first.

EDIT:
BOE interest rate remain same...

Oh boy luckily I stay put. Longers is gonna hurt.

This post has been edited by billytong: Mar 8 2007, 11:00 PM

I'm not sure about swiss broker. But for USA, all foreign investor income are tax exempted and income generated from oversea is tax free for Malaysia. So basically if you get what you earn.

Update guys, The EUR/USD is crashing now for a price correction.

I stay neutral until it stop crashing and then I will establish a long lower price and hopefully it rally to 3260 tonight.

Update guys,
I see the short term bear trend is ending. Is long time!

3260,3353 Here I come!

It went up to 3240 height. But it up strength seems to be fading after that.

I take my profit and run