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Big news and requotes
Feb 09, 2021 at 11:54
Vues 1,762
10 Replies
Membre depuis Jul 20, 2020
posts 286
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.
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 07, 2020
posts 20
Feb 16, 2021 at 10:56
Also take-profit. It helps trading with certain targets, like stop-loss.
Membre depuis Nov 07, 2020
posts 12
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 15
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.
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.
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 Jul 23, 2020
posts 816
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.
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.
Membre depuis Oct 07, 2020
posts 20
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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