What are requotes?

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Written by Sergei
Updated 4 months ago

A forex requote occurs when the price you see on your trading platform and the price your broker is willing to execute your trade do not match. This could be for several reasons.

Market Volatility: forex is the most active market in the world and prices can fluctuate rapidly. If the price changes significantly between the time you place your order and the time the broker attempts to execute it, you may receive a rollover with the new price.

New events: sudden announcements of economic news or other events can cause the price to fluctuate wildly. In this case, your broker may need to roll over to reflect the updated market conditions.

Low order liquidity: If you are trying to trade a less liquid currency pair or asset.

Here's what to remember about requotes:

This is not necessarily a bad thing: requoting is a normal part of forex trading, especially in volatile markets. They help ensure that your broker executes your order at a fair price that reflects current market conditions.

However, this can be frustrating: if you get frequent requotes, it can disrupt your trading strategy and lead to missed opportunities.

Here are some ways to reduce requotes:

Trade during active trading hours: market activity is consistently higher during this time, resulting in more liquidity and fewer retracements.

Consider higher spreads: higher spreads can sometimes mean faster execution and lower requotes, but they also mean higher transaction costs.

Check if you have a poor internet connection or contact your internet service provider to fix it.

Use limit orders: instead of market orders that require the current best price, limit orders initiate the price at which you are willing to buy or sell.
This eliminates duplicate quotes, but your order may not be filled if the price does not reach your limit.

 We wish you successful trading with ArtСap !

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