Requote.

In addition to the fact that when trading Forex there is a possibility of incurring losses as a result of currency risk, there are also a lot of other troubles that interfere with trading, one of which is the occurrence of requotes.

Requote – refusal in the trader’s trading terminal to execute an order due to a price change. Typically, in this case, you will post the message “The order cannot be executed because the market price has changed, accept the new price?”

Causes of occurrence.

This event occurred due to the fact that while your opening order was coming from you to the market, the price went several points further and the broker did not want to take losses on the execution of this order.

A requote usually occurs in an overly liquid market, when the trend moves at a fairly high speed and it is simply not realistic to execute a Forex order at the stated price, since the minimum order execution time is 1 second, and during this time the price changes by a couple of points.

The second reason for refusals may be the slow execution of orders, when 3 or more seconds pass from submitting an order to its execution; it is clear that during this time the price on the market may change.

The third option is purely criminal in nature, when your broker does not allow you to enter the market at a favorable price, he simply sends you a refusal to open a transaction, motivating it with a requote.

Trading without requotes.

There are several ways to avoid the appearance of Requote on Forex:

1. Use deviations from the market price - when opening a new order in a special window, you can set a permissible deviation, at which a new position will still be opened.

Usually it is set from 2 to 5 points; a larger deviation can significantly affect the financial result of the operation.

This method is not suitable for those who trade scalping, since in short-term
Internet trading every point of profit is important.

2. Postpone trading - simply wait out the sharp movement of the trend until the market slows down a little.

At the same time, it’s quite a shame to lose possible profits. 3. Changing a brokerage company or account - the appearance of requotes is more common on cent accounts; switching to a standard or VIP account sometimes allows you to completely get rid of this phenomenon.

If this does not happen, there is only one option left - change the broker. Try to trade with large and well-known brokerage companies, since such a phenomenon as requote is more common among representative offices and small brokers.