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Big news and requotes
Участник с Aug 07, 2020
71 комментариев
Feb 09, 2021 at 12:50
Участник с Aug 07, 2020
71 комментариев
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.
Участник с Jul 20, 2020
286 комментариев
Feb 12, 2021 at 18:03
Участник с Jul 20, 2020
286 комментариев
I refrain from trading when there is high impact news. After the news is published, I work on the effect of that news.
Участник с Jul 27, 2020
99 комментариев
Feb 15, 2021 at 11:03
Участник с Jul 27, 2020
99 комментариев
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.
Участник с Oct 07, 2020
20 комментариев
Feb 16, 2021 at 10:56
Участник с Oct 07, 2020
20 комментариев
Also take-profit. It helps trading with certain targets, like stop-loss.
Участник с Nov 07, 2020
12 комментариев
Feb 16, 2021 at 12:59
Участник с Nov 07, 2020
12 комментариев
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.
Участник с Nov 06, 2020
15 комментариев
Feb 17, 2021 at 05:12
Участник с Nov 06, 2020
15 комментариев
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.
Участник с Nov 19, 2020
96 комментариев
Feb 17, 2021 at 05:13
Участник с Nov 19, 2020
96 комментариев
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.
Участник с Feb 13, 2021
9 комментариев
Feb 20, 2021 at 10:43
Участник с Feb 13, 2021
9 комментариев
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.
Участник с Jul 23, 2020
816 комментариев
Feb 27, 2021 at 17:28
Участник с Jul 23, 2020
816 комментариев
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.
Участник с Jun 23, 2020
32 комментариев
Mar 04, 2021 at 11:06
Участник с Jun 23, 2020
32 комментариев
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.
Участник с Oct 07, 2020
20 комментариев
Mar 05, 2021 at 12:57
Участник с Oct 07, 2020
20 комментариев
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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