Popular Questions

How i can solve the requote from company forex?

If you are an active forex trader, you might have experienced a requote from your forex broker. A requote happens when the broker is unable to execute your trade at the price you requested, and instead, offers you a new price, which can be higher or lower than your original request. Requotes can have a significant impact on your trading experience and can result in missed opportunities, lost profits, and frustration.

Fortunately, there are several steps you can take to minimize requotes from your forex broker. In this article, we will discuss some of the most effective strategies you can use to reduce the number of requotes you receive.


1. Choose a Reliable Forex Broker

The first step in avoiding requotes is to choose a reliable forex broker. A reputable broker should have a proven track record of providing quality execution, low latency, and minimal slippage. Moreover, the broker should be properly regulated by a reputable authority such as the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC), or the Cyprus Securities and Exchange Commission (CySEC).

A reliable broker should also have a robust trading infrastructure that can handle high volumes of trades without delay or interruption. This means that the broker should have multiple server locations to reduce latency, high-speed internet connectivity, and a dedicated team of IT professionals to ensure that the trading platform is always up and running.

2. Use a VPS Service

A Virtual Private Server (VPS) is a remote server that allows you to run your trading platform 24/7 without interruption. A VPS service can help you reduce requotes by providing you with a stable and reliable internet connection, minimizing latency, and improving the execution speed of your trades.

Moreover, a VPS service can help you avoid requotes by allowing you to connect to your broker’s trading server directly without going through any intermediaries. This can help you reduce the number of requotes you receive and improve the overall performance of your trading platform.

3. Adjust Your Trading Strategy

Another effective way to reduce requotes is to adjust your trading strategy. Requotes often occur during periods of high volatility or when the market is experiencing a sudden price movement. To avoid requotes, you may need to adjust your trading strategy to avoid trading during these periods.

For example, you may consider using limit orders instead of market orders to enter or exit trades. A limit order allows you to set a specific price at which you want to buy or sell a currency pair, and the order will only be executed if the market reaches that price. This can help you avoid requotes and minimize slippage.

4. Monitor Your Internet Connection

Your internet connection can also affect the number of requotes you receive. A slow or unstable internet connection can result in delayed or incomplete trade executions, which can lead to requotes. To avoid this, you should monitor your internet connection regularly and ensure that it is stable and fast enough to handle your trading activities.

You may also consider using a wired internet connection instead of a wireless one, as wired connections tend to be more stable and faster. Additionally, you can use a speed test tool to check the speed and stability of your internet connection and take appropriate measures to improve it if necessary.

5. Contact Your Broker

If you are experiencing frequent requotes, you should contact your forex broker and discuss the issue with them. Your broker may be able to offer you solutions such as changing your account type or upgrading your trading platform to a more advanced version.

Moreover, your broker can also provide you with insights into the reasons for the requotes and offer you tips on how to avoid them in the future. By communicating with your broker, you can get a better understanding of the issue and find a suitable solution that meets your trading needs.

In conclusion, requotes can be frustrating and can have a significant impact on your trading experience. However, by following the strategies outlined above, you can reduce the number of requotes you receive and improve the overall performance of your trading platform. Remember to choose a reliable forex broker, use a VPS service, adjust your trading strategy, monitor your internet connection, and communicate with your broker to find a suitable solution.


Leave a Reply

Your email address will not be published. Required fields are marked *