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Big news and requotes

forextrader777
Feb 23 at 08:38
78 ieraksti
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.

garrychristians
Feb 23 at 13:15
35 ieraksti
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.

constancewatts
Feb 26 at 10:55
15 ieraksti
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?

philipsimmions
Feb 27 at 12:27
42 ieraksti
@constancewatts etoro and ig are what I’m using right now, you can see them, I think they’re all good.

LyudmilLukanov
Feb 27 at 17:28
377 ieraksti
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.

garrychristians
Mar 01 at 09:17
35 ieraksti
Going with a pure Ecn broker can be a possible solution like many others said; it can also help with the re-quotes situation. Anyway, I’d like some suggestions.

garrychristians
Mar 01 at 12:50
35 ieraksti
LyudmilLukanov posted:
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.

Do demo accounts really give a clear picture, what do you think?

philipsimmions
Mar 02 at 12:08
42 ieraksti
constancewatts 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.

I agree. Going with ECN can help you avoid re-quotes if nothing else...does anyone know a good ECN broker?

Yes, that is a way but it alone won’t help you avoid slippage. I don’t believe that every ECN broker is balanced in terms of its trading environment.

inspirenez
Mar 03 at 04:25
59 ieraksti
garrychristians posted:
Going with a pure Ecn broker can be a possible solution like many others said; it can also help with the re-quotes situation. Anyway, I’d like some suggestions.

I don’t really have suggestions as such but I’ll tell you the brokers I’ve used in the past. I started with Pepperstone and Xtb and then explored some other options too. Even XM and Fxview are okay if you’re rooting for ecn and other accounts. What I realized with them all is, order execution speed is good, difference between order execution and placement spread is very marginal if at all it be there.

davidkew
Mar 04 at 11:06
34 ieraksti
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.

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