Big news and requotes

Hearing a lot lately on requotes when big news breaks. Is there a way to avoid it?

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.

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… ?!

I refrain from trading when there is high impact news. After the news is published, I work on the effect of that news.

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.

Use stop loss orders. And as per my personal opinion, don’t use automated ones.

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.

Also take-profit. It helps trading with certain targets, like stop-loss.

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?

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.

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.

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.

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.

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.

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.

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

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.

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.

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.