Big news and requotes
Member Since Jul 14, 2020
42 posts
Feb 27, 2021 at 12:27
@constancewatts etoro and ig are what I’m using right now, you can see them, I think they’re all good.
Member Since Jul 23, 2020
869 posts
Feb 27, 2021 at 17:28
forextrader777 posted:Right. First try their services in demo account for safety. If it is good, you should invest money.
We must think about these parameters while choosing our broker. If requotes are a regular issue with a broker, one must try switching to a better one.
Member Since Jul 17, 2020
35 posts
Mar 01, 2021 at 09:17
Going with a pure Ecn broker can be a possible solution like many others said; it can also help with the re-quotes situation. Anyway, I’d like some suggestions.
Member Since Jul 17, 2020
35 posts
Mar 01, 2021 at 12:50
LyudmilLukanov posted:Do demo accounts really give a clear picture, what do you think?forextrader777 posted:Right. First try their services in demo account for safety. If it is good, you should invest money.
We must think about these parameters while choosing our broker. If requotes are a regular issue with a broker, one must try switching to a better one.
Member Since Jul 14, 2020
42 posts
Mar 02, 2021 at 12:08
constancewatts posted:Yes, that is a way but it alone won’t help you avoid slippage. I don’t believe that every ECN broker is balanced in terms of its trading environment.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.
Member Since Jun 15, 2020
59 posts
Mar 03, 2021 at 04:25
garrychristians posted:I don’t really have suggestions as such but I’ll tell you the brokers I’ve used in the past. I started with Pepperstone and Xtb and then explored some other options too. Even XM and Fxview are okay if you’re rooting for ecn and other accounts. What I realized with them all is, order execution speed is good, difference between order execution and placement spread is very marginal if at all it be there.
Going with a pure Ecn broker can be a possible solution like many others said; it can also help with the re-quotes situation. Anyway, I’d like some suggestions.
Mar 04, 2021 at 11:06
I don’t think that the impact of news can be ignored completely. Whether you trade long-term or intraday, it’s true that your currency positions will be affected by the forex news. It’s important for every trader to monitor all the related news and make market decisions in accordance with that.
Member Since Oct 07, 2020
24 posts
Mar 05, 2021 at 12:57
Requotes usually leave you with a price worse than the one you were previously quoted. In order to avoid price requotes, you can use stop loss and take profit to avoid the issue. And yes, regulated ECN brokers are always a great option to go for.
Member Since Feb 23, 2021
26 posts
Mar 07, 2021 at 10:18
It is very important to have discipline in trading. It is never possible to make a profit without discipline.
Mar 08, 2021 at 11:47
inspirenez posted:Choosing a competent broker is surely one of the best ways to avoid such unpleasant traps like requotes and slippage. Look for a brokerage company that has a reputation of making profits only by collecting commissions or spreads, and won’t be interested in trader’s unprofitable trading at all.garrychristians posted:I don’t really have suggestions as such but I’ll tell you the brokers I’ve used in the past. I started with Pepperstone and Xtb and then explored some other options too. Even XM and Fxview are okay if you’re rooting for ecn and other accounts. What I realized with them all is, order execution speed is good, difference between order execution and placement spread is very marginal if at all it be there.
Going with a pure Ecn broker can be a possible solution like many others said; it can also help with the re-quotes situation. Anyway, I’d like some suggestions.
Member Since Jul 17, 2020
35 posts
Mar 08, 2021 at 12:26
DanielGlaus posted:Indeed! It sure gets hard to maintain that when things seem to go south though
It is very important to have discipline in trading. It is never possible to make a profit without discipline.
Member Since Oct 26, 2020
37 posts
Mar 08, 2021 at 13:16
As a trader, I try my best to avoid wasting my time on issues like requotes and slippage. Somewhere, I think that a bad connection with your broker can be a reason for such issues. I truly believe that a trader must think about the quality of connection well in advance. This is the reason why I chose to trade with pepperstone. It was only after demo trading with them that I got to know how to save myself from opposite market situations.
Member Since Jul 14, 2020
42 posts
Mar 09, 2021 at 10:04
joastdaffy posted:But don’t you have to make large initial deposits with them? This indirectly means that the services are costly, isn’t it?davidkew posted:If using ECN brokers can protect you from requotes, I don’t think a trader should refrain from using an ECN broker. While avoiding requotes, you get the benefit of transparent pricing. Best of both worlds for sure!
I don’t think that the impact of news can be ignored completely. Whether you trade long-term or intraday, it’s true that your currency positions will be affected by the forex news. It’s important for every trader to monitor all the related news and make market decisions in accordance with that.
One of the reasons I avoid trading with them is that I can’t open trades with micro-lots and am restricted with mini or standard lots.
Member Since Oct 26, 2020
37 posts
Mar 13, 2021 at 13:19
In my view the trading cost comes out to be lower with ecn brokers - who charge like a minimal commission, than the ones who mark up the spreads. I have used stp accounts, commissionless (supposedly) brokers, but I found that I was marginally saving a bit extra with brokers who charged less than $5 (average) per lot.
Elena Triston (ele020)
Member Since Apr 15, 2020
219 posts
Mar 16, 2021 at 09:41
joastdaffy posted:There is no point of refraining from ECN brokers.. So far all the ECN brokers I have used have proved much much better than the non ECN brokers.davidkew posted:If using ECN brokers can protect you from requotes, I don’t think a trader should refrain from using an ECN broker. While avoiding requotes, you get the benefit of transparent pricing. Best of both worlds for sure!
I don’t think that the impact of news can be ignored completely. Whether you trade long-term or intraday, it’s true that your currency positions will be affected by the forex news. It’s important for every trader to monitor all the related news and make market decisions in accordance with that.
The more your practice, the more you learn.
Member Since Jan 01, 2021
10 posts
Apr 03, 2021 at 09:57
You will have to go into a detailed research to find out if there is a way to avoid requotes. In my view, I don’t think there is a way to do that.
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