Big news and requotes

Feb 09, 2021 at 11:54
1,560 Angesehen
10 Replies
Mitglied seit Aug 07, 2020   75 Posts
Feb 09, 2021 at 12:50
It doesn’t seem like there really should be a way, but it’s probably necessary to hand over those who have already used something similar.
Mitglied seit 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.
Mitglied seit Jul 27, 2020   102 Posts
Feb 15, 2021 at 11:03
LeviSievwright5 posted:
I refrain from trading when there is high impact news. After the news is published, I work on the effect of that news.
Same here.
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.
Mitglied seit Oct 07, 2020   24 Posts
Feb 16, 2021 at 10:56
Also take-profit. It helps trading with certain targets, like stop-loss.
Mitglied seit 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.
Mitglied seit 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.
Mitglied seit Nov 19, 2020   104 Posts
Feb 17, 2021 at 05:13
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.
Mitglied seit Feb 13, 2021   42 Posts
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.
Mitglied seit Jul 23, 2020   869 Posts
Feb 27, 2021 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.
Mitglied seit Jun 23, 2020   34 Posts
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.
Mitglied seit 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.
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