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Big news and requotes

Feb 09, 2021 at 11:54
Vues 1,140
35 Replies
Membre depuis Jul 17, 2020   posts 35
Feb 09, 2021 at 11:54
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
Membre depuis Aug 07, 2020   posts 75
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.
Membre depuis Jul 20, 2020   posts 298
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.
Membre depuis Jul 27, 2020   posts 102
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.
Membre depuis Oct 12, 2020   posts 29
Feb 16, 2021 at 09:20
Use stop loss orders. And as per my personal opinion, don’t use automated ones.
Elena Triston (ele020)
Membre depuis Apr 15, 2020   posts 219
Feb 16, 2021 at 09:52
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.
The more your practice, the more you learn.
Membre depuis Oct 07, 2020   posts 24
Feb 16, 2021 at 10:56
Also take-profit. It helps trading with certain targets, like stop-loss.
Membre depuis Jul 17, 2020   posts 35
Feb 16, 2021 at 12:25
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.
Aren’t there better possibilities of profits with increased volatility around major news?
Membre depuis Jul 17, 2020   posts 35
Feb 16, 2021 at 12:26
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.
Membre depuis Nov 07, 2020   posts 15
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.
Membre depuis Nov 06, 2020   posts 18
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.
Membre depuis Nov 19, 2020   posts 104
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.
Elena Triston (ele020)
Membre depuis Apr 15, 2020   posts 219
Feb 17, 2021 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.
Membre depuis Jul 17, 2020   posts 35
Feb 18, 2021 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.
Membre depuis Jul 17, 2020   posts 35
Feb 18, 2021 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
Elena Triston (ele020)
Membre depuis Apr 15, 2020   posts 219
Feb 19, 2021 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.
Membre depuis Feb 13, 2021   posts 42
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.
Membre depuis Oct 12, 2020   posts 29
Feb 20, 2021 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.
Membre depuis Jul 17, 2020   posts 35
Feb 23, 2021 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.
Membre depuis Nov 23, 2020   posts 15
Feb 26, 2021 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?
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