let's talk about the issue of requotes

requotes are not every day and only when there is news so it's not a problem

Requotes in forex trading can be a frustrating and potentially costly experience for traders. Requotes occur when a broker is unable to execute a requested order at the requested price, and must instead offer a different price. This can be a major inconvenience, as it may force traders to either accept a price they did not initially intend to, or to wait until the market moves in their favor before entering a trade. Fortunately, some brokers offer technology to minimize the chances of requotes occurring. This technology can include order processing technology that can evaluate an order's size and the current market conditions to determine whether the order can be filled at the requested price or not. Additionally, some brokers may offer negative balance protection and other risk management tools to help protect traders from the risks of requotes.

Requotes in forex trading are when a broker responds to a trader?s request for a trade at a different price than originally requested. This can happen for a variety of reasons, including if market prices move rapidly, or if the broker is taking advantage of the trader. Requotes can be beneficial or detrimental to a trader, depending on the circumstances.

When a requote occurs, the trader may have to adjust their strategy in order to take advantage of the new price. If the requote is in the trader?s favor, they can take advantage of the situation. For example, if the trader had requested to buy a currency pair at a particular price, then the requote could result in a lower price for the trader. This could be beneficial if the trader was looking for a bargain.

However, requotes can also be detrimental to a trader. If the requote is not in the trader?s favor, it can cause unnecessary losses. This is because the trader will have to adjust their strategy to take into account the new price. If market prices have moved significantly, the trader may not have time to adjust their strategy before the requote expires.

In the forex trading industry, the issue of requotes is a topic of concern for many traders. A requote occurs when a trader requests to execute a trade at a specific price, but the broker is unable to provide that price and offers a new quote instead. Requotes can disrupt trading strategies, cause delays, and potentially lead to missed trading opportunities. In this article, we will delve into the concept of requotes, explore the reasons behind their occurrence, and discuss how traders can manage them effectively.

Requotes can happen for several reasons:

1. Market Volatility: Requotes often occur during periods of high market volatility when prices fluctuate rapidly. In such conditions, the execution speed of trade orders may be affected, and brokers may struggle to provide the requested price due to the changing market conditions. As a result, traders may experience requotes as the broker adjusts the quote to reflect the current market price.

2. Order Execution Speed: The speed at which trade orders are processed plays a significant role in requotes. If there is a delay between the time a trader sends an order and the broker receives it, market conditions may change, leading to a requote. The delay can be caused by various factors, including internet connection issues, high latency, or slow order processing systems.

3. Liquidity: Requotes can occur when there is a lack of liquidity in the market, especially for less liquid currency pairs or during certain trading sessions. When there are fewer buyers or sellers in the market, it becomes challenging for the broker to match the desired price, resulting in a requote. In such cases, brokers may offer a new price to ensure execution, which may not be as favorable as the initially requested price.

4. Slippage: Slippage is another factor that can contribute to requotes. Slippage refers to the difference between the expected price of a trade and the price at which it is executed. During volatile market conditions or when there is low liquidity, slippage can occur, causing the broker to provide a requote to reflect the current market price.

Managing requotes effectively:

1. Choose a Reliable Broker: Selecting a reputable and reliable broker is crucial to minimize the occurrence of requotes. Conduct thorough research and choose a broker with a proven track record, transparent order execution processes, and a reliable trading infrastructure. Reading reviews, checking regulatory compliance, and considering the broker's reputation in the industry can help in making an informed decision.

2. Check Order Execution Policy: Before opening an account with a broker, it is essential to review their order execution policy. Understand how the broker handles requotes and slippage. Some brokers have policies in place to protect traders from excessive requotes and slippage, while others may have less favorable practices. Make sure the broker's policies align with your trading needs and expectations.

3. Use Limit Orders: Consider using limit orders instead of market orders whenever possible. With a limit order, traders specify the exact price at which they are willing to buy or sell a currency pair. By using limit orders, traders can avoid requotes since they are requesting a specific price rather than relying on the market price at the time of execution.

4. Optimize Trading Conditions: Maintain a stable and reliable internet connection to minimize delays in order execution. Consider using a Virtual Private Server (VPS) to ensure uninterrupted trading, especially if you are trading algorithmically or using automated trading systems.

5. Monitor Market Conditions: Stay informed about market volatility, economic news releases, and events that could impact liquidity. Adjust your trading approach accordingly, especially during highly volatile periods, by using appropriate risk management techniques such as widening stop-loss levels or reducing position sizes to account for potential requotes.

Requotes can be a common issue in the forex trading industry that can impact the execution of trades. A requote occurs when the price at which a trader intends to execute a trade is no longer available, and the broker provides a new quote, often at a different, less favorable price. Requotes can occur during periods of high market volatility or when there is a lack of liquidity. This can be frustrating for traders as it disrupts the timely execution of trades and can potentially lead to missed opportunities or increased losses. Requotes can also erode trust between traders and brokers, as it may raise concerns about the fairness and transparency of the trading environment. To mitigate the impact of requotes, traders can consider implementing certain strategies. Firstly, using limit orders instead of market orders can help minimize the likelihood of requotes. Limit orders allow traders to set specific price levels at which they are willing to buy or sell, ensuring that the trade is executed at the desired price or better. Additionally, traders can choose brokers that offer reliable and stable trading platforms with minimal instances of requotes. Conducting thorough research and reading reviews can provide insights into a broker's reputation regarding requotes. Regularly monitoring market conditions and adjusting trading strategies accordingly can also help navigate periods of high volatility and reduce the chances of requotes. It's important for traders to have realistic expectations and understand that requotes are an inherent part of the forex trading industry. By being prepared and proactive, traders can effectively manage the impact of requotes and continue to navigate the markets with confidence.