Feb 16 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.
Feb 17 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.
Harrylam887 posted:
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.
Agreed, one has to make the right broker choice for avoiding such issues.
Feb 17 at 07:02
garrychristians posted:ele020 posted:garrychristians posted:
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
its better to avoid trading right after the news breaks. You will surely get extremely wide spreads during news releases.
Ya, that’s surely there.
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.
The more your practice, the more you learn.
Feb 18 at 13:01
Joz8 posted:Harrylam887 posted:
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.
Agreed, one has to make the right broker choice for avoiding such issues.
I think ECN accounts are safe from scams.
Feb 18 at 13:02
ele020 posted:garrychristians posted:ele020 posted:garrychristians posted:
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
its better to avoid trading right after the news breaks. You will surely get extremely wide spreads during news releases.
Ya, that’s surely there.
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.
Yes, high risks will only lead to high losses
Feb 19 at 07:02
garrychristians posted:Joz8 posted:Harrylam887 posted:
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.
Agreed, one has to make the right broker choice for avoiding such issues.
I think ECN accounts are safe from scams.
Yes, I agree with you on this. But if an ECN broker comes with a regulation, its the best combination.
The more your practice, the more you learn.
Feb 19 at 11:14
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.
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.
Feb 20 at 11:20
joastdaffy posted:
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.
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.
