Big news and requotes
Member Since Jul 17, 2020
35 posts
Feb 09, 2021 at 11:54
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
Member Since Jul 20, 2020
298 posts
Feb 12, 2021 at 18:03
I refrain from trading when there is high impact news. After the news is published, I work on the effect of that news.
Feb 15, 2021 at 11:03
LeviSievwright5 posted:Same here.
I refrain from trading when there is high impact news. After the news is published, I work on the effect of that news.
Sometimes when the high impact has a chance of positive reading, then I do trade to make profit, but for most of the time, it is unexpected.
Member Since Oct 12, 2020
29 posts
Feb 16, 2021 at 09:20
Use stop loss orders. And as per my personal opinion, don’t use automated ones.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Feb 16, 2021 at 09:52
garrychristians posted:its better to avoid trading right after the news breaks. You will surely get extremely wide spreads during news releases.
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
The more your practice, the more you learn.
Member Since Oct 07, 2020
24 posts
Feb 16, 2021 at 10:56
Also take-profit. It helps trading with certain targets, like stop-loss.
Member Since Jul 17, 2020
35 posts
Feb 16, 2021 at 12:25
LeviSievwright5 posted:Aren’t there better possibilities of profits with increased volatility around major news?
I refrain from trading when there is high impact news. After the news is published, I work on the effect of that news.
Member Since Jul 17, 2020
35 posts
Feb 16, 2021 at 12:26
ele020 posted:Ya, that’s surely there.garrychristians posted:its better to avoid trading right after the news breaks. You will surely get extremely wide spreads during news releases.
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
Member Since Nov 07, 2020
15 posts
Feb 16, 2021 at 12:59
I am not sure requotes even occur anymore. Just avoid trading right before a big corporate announcement or news is expected and you won’t have to worry about much. Of course once a trader backs up trading with a whole lot of experience and knows how to make every volatile situation turn in his favour, then he can news trade for big profits. But for beginner or mid level traders I think it is better to refrain from engaging in news trading.
Member Since Nov 06, 2020
18 posts
Feb 17, 2021 at 05:12
Use ECN accounts. You won’t face any requotes problem. Market makers will mostly present such an issue because they make money out of their clients losses.
Feb 17, 2021 at 05:13
Harrylam887 posted:Agreed, one has to make the right broker choice for avoiding such issues.
Use ECN accounts. You won’t face any requotes problem. Market makers will mostly present such an issue because they make money out of their clients losses.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Feb 17, 2021 at 07:02
garrychristians posted:So long thing short, trading news is the most trickiest part of trading. Do it only when you have gained enough experience. And even if you trade on news keep your lot size small.ele020 posted:Ya, that’s surely there.garrychristians posted:its better to avoid trading right after the news breaks. You will surely get extremely wide spreads during news releases.
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
The more your practice, the more you learn.
Member Since Jul 17, 2020
35 posts
Feb 18, 2021 at 13:01
Joz8 posted:I think ECN accounts are safe from scams.Harrylam887 posted:Agreed, one has to make the right broker choice for avoiding such issues.
Use ECN accounts. You won’t face any requotes problem. Market makers will mostly present such an issue because they make money out of their clients losses.
Member Since Jul 17, 2020
35 posts
Feb 18, 2021 at 13:02
ele020 posted:Yes, high risks will only lead to high lossesgarrychristians posted:So long thing short, trading news is the most trickiest part of trading. Do it only when you have gained enough experience. And even if you trade on news keep your lot size small.ele020 posted:Ya, that’s surely there.garrychristians posted:its better to avoid trading right after the news breaks. You will surely get extremely wide spreads during news releases.
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Feb 19, 2021 at 07:02
garrychristians posted:Yes, I agree with you on this. But if an ECN broker comes with a regulation, its the best combination.Joz8 posted:I think ECN accounts are safe from scams.Harrylam887 posted:Agreed, one has to make the right broker choice for avoiding such issues.
Use ECN accounts. You won’t face any requotes problem. Market makers will mostly present such an issue because they make money out of their clients losses.
The more your practice, the more you learn.
Feb 20, 2021 at 10:43
Timing of entry and exit is very important especially for short term trader. Sometimes a 5 min late you can miss a very good entry. If it's not timely you may need to widen your stop loss. Also sometimes you need to close the trade timely.
Member Since Oct 12, 2020
29 posts
Feb 20, 2021 at 11:20
joastdaffy posted:So you are just beginning to trade and you feel trading 80 pairs is going to do you more good than trading 60 something? Focus on more important things like developing your trading strategies, on whichever account you are using.
What do you guys think about Axitrader? I have just created my demo account with Fxview but thinking if 80 currency pairs of Axitrader are better.
Member Since Jul 17, 2020
35 posts
Feb 23, 2021 at 13:15
IvarHardy posted:I infact think that timing of the exit is extremely critical. Lag of a few seconds can mean throwing away some good potential earnings, or even suffering a loss like I did.
Timing of entry and exit is very important especially for short term trader. Sometimes a 5 min late you can miss a very good entry. If it's not timely you may need to widen your stop loss. Also sometimes you need to close the trade timely.
Member Since Nov 23, 2020
15 posts
Feb 26, 2021 at 10:55
Harrylam887 posted:I agree. Going with ECN can help you avoid re-quotes if nothing else...does anyone know a good ECN broker?
Use ECN accounts. You won’t face any requotes problem. Market makers will mostly present such an issue because they make money out of their clients losses.
