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Originally Posted by 4xis2ez
I'm quite supprised Mick. There are 120 hours in a week that the market is open and Oanda's spreads are normal and their connection works. It is only 15 minutes or so that things change during the course of a trading week. There are many opportunities to trade instead of only during data releases.
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Hi Russell
I'm really surprised by the number of people who simply don't seem to understand the issue, it's not about being able to trade data or widening spreads.
Oanda have put themselves up as the new breed of marketmaker, honest, fair, transparent, fully automated, the trader's friend. People fell for it, myself included. It's a marketing tactic designed to entice punters, marketmaking is a very competitive business and companies like this promise the earth and deliver very little, in fact I'd go so far as to say they deliberately deceive. They're not the only deceitful marketmaker, not by any means, there are hundreds of companies out to fleece the gullible.
I did a brief comparison on page 4 of this thread, if you're going to debate anything then debate those issues, but realise this has nothing to do with being able to trade NFP or not, it's about the tricks dishonest marketmakers get up to and Oanda have taken that route.
I don't care who people trade with, it really doesn't bother me, it's their money and they have to decide for themselves but at least this thread may help them make an informed decision rather then relying on marketing hype and endorsements from people who know no better.
We're all in this to make money, trading is a hard enough business to be successful in without marketmakers playing tricks.
Cheers
Mick