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Old 20-04-2007, 14:19   #40
MickMason
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Re: Oanda just another bucket shop

Quote:
Originally Posted by TRADE
they can only play tricks in the short term.

either they will be caught out and go bust or we will realise that its to our advantage to trader in the higher time frames,

They can't get caught because they're not doing anything illegal. Like all marketmakers they quote what they like, fill what they want to fill, reverse trades they don't like, stop people trading when it suits them etc etc, it's all in the agreement.

Go bust? On the contrary they'll prosper on the profits from the 90% club, the slot-machine players, serious traders will move on eventually.

Not sure I agree with you about higher time frames, there's plenty of opportunities and money in intraday scalping, harder work but just as rewarding if not more so.
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