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Big news and requotes
Mitglied seit Jul 20, 2020
298 Posts
Feb 15, 2021 at 11:03
Mitglied seit Jul 27, 2020
102 Posts
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.
Mitglied seit Oct 07, 2020
24 Posts
Mitglied seit Nov 07, 2020
15 Posts
Feb 16, 2021 at 12:59
Mitglied seit Nov 07, 2020
15 Posts
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 05:13
Mitglied seit Nov 19, 2020
104 Posts
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.
Feb 20, 2021 at 10:43
Mitglied seit Feb 13, 2021
42 Posts
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
Mitglied seit Jul 23, 2020
869 Posts
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.
Mar 04, 2021 at 11:06
Mitglied seit Jun 23, 2020
34 Posts
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
Mitglied seit Oct 07, 2020
24 Posts
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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