View Single Post
Old 12-26-2008, 12:50 PM  
doridori
So Fucking Banned
 
Join Date: Jul 2008
Location: Canadia
Posts: 2,222
Quote:
Originally Posted by adonthenet View Post
Bump to the top,

Forex is the most liquid largest market in the world, and for your information, we use Oanda, they aren't fucking with their customers


.
hey i really sorry for going OT, and i really hope you get that money from that fucker.

BUT....jesus christ you have no idea how the market works does it? liquidity line is all part of marketing. true, "foreign exchange market" is indeed has liquidity in trillions, but this is limited to banks and large hedge funds.

the market you as retail trader trade in "retail forex market" liquidity doesn't come close to the nymex or CME's futures and options.

what Oanda does is, like most other forex broker, is pool accounts, and basically offset any positions with others.

the "foreign exchange market" is OTC, meaning there are no central exchanges or body that announces the ask and bid prices. The only way you can get actual prices is by signing a link directly with the providers like UBS.....you can't get to these if you are a small time, need at least $20 million and up.

I'm glad you are with Oanda....they are relatively an honest broker compared to others. having used them in the past, there have been large price manipulations. when you type 100,000 orders, those orders do not go past their pool of trader accounts. no way they are willing to trade that much leverage constantly for people with small accounts.

do some more reading on forums and really question the players in this market, and you are at a good position.

best of luck.
doridori is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote