Feb 23 at 08:38
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.
Feb 23 at 13:15
IvarHardy posted:
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.
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.
Feb 26 at 10:55
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.
I agree. Going with ECN can help you avoid re-quotes if nothing else...does anyone know a good ECN broker?
Feb 27 at 12:27
@constancewatts etoro and ig are what I’m using right now, you can see them, I think they’re all good.
Feb 27 at 17:28
forextrader777 posted:
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.
Right. First try their services in demo account for safety. If it is good, you should invest money.
Mar 01 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.
Mar 01 at 12:50
LyudmilLukanov posted:forextrader777 posted:
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.
Right. First try their services in demo account for safety. If it is good, you should invest money.
Do demo accounts really give a clear picture, what do you think?
Mar 02 at 12:08
constancewatts 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.
I agree. Going with ECN can help you avoid re-quotes if nothing else...does anyone know a good ECN broker?
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.
Mar 03 at 04:25
garrychristians posted:
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.
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.
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.
