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Big news and requotes

garrychristians
Feb 09 2021 at 11:54
posts 35
Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?
Malajind
Feb 09 2021 at 12:50
posts 75
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.
garrychristians
Feb 12 2021 at 11:23
posts 35
Malajind posted:
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.
You mean ask people who have faced this? Sorry I didn’t get you… ?!
LeviSievwright5
Feb 12 2021 at 18:03
posts 298
I refrain from trading when there is high impact news. After the news is published, I work on the effect of that news.
cardigan
Feb 15 2021 at 11:03
posts 102
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.
Mitchelmarss
Feb 16 2021 at 09:20
posts 29
Use stop loss orders. And as per my personal opinion, don’t use automated ones.
Elena Triston (ele020)
Feb 16 2021 at 09:52
posts 219
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.
stevenflam
Feb 16 2021 at 10:56
posts 24
Also take-profit. It helps trading with certain targets, like stop-loss.
garrychristians
Feb 16 2021 at 12:25
posts 35
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?
garrychristians
Feb 16 2021 at 12:26
posts 35
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.
Harshalmark09
Feb 16 2021 at 12:59
posts 15
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.
Harrylam887
Feb 17 2021 at 05:12
posts 18
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.
Joz8
Feb 17 2021 at 05:13
posts 104
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)
Feb 17 2021 at 07:02
posts 219
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.
garrychristians
Feb 18 2021 at 13:01
posts 35
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.
garrychristians
Feb 18 2021 at 13:02
posts 35
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)
Feb 19 2021 at 07:02
posts 219
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.
joastdaffy
Feb 19 2021 at 11:14
posts 24
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.
IvarHardy
Feb 20 2021 at 10:43
posts 42
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.
Mitchelmarss
Feb 20 2021 at 11:20
posts 29
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.
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