I have been trying to find a broker with low spread during news release but can't seem to get one.
At 13 pips (130 on 5 digits) spreads what requotes you want? Is not enough?
No place to argue here, but I guarantee that even with that wide spreads you requote orders.
I mentioned in my previous post why spreads can widen during major news releases. It's important to note when reading forex prices that quote to 5 digits past the decimal point that the 5th decimal place is not a full pip, but only one-tenth of a pip. Our Trading Station platform can change the way the 5th digit is displayed, so it's easier to read. For example, instead of see the price displayed at 1.12345, you can see the price displayed at 1.1234[5] instead. To do this go to "System > Options > General Trading > Fractional Pip Format" as shown below.
FXCM does not requote. We don't need to because on our No Dealing Desk (NDD) forex execution, we simply pass on the best prices we receive from our 10+ liquidity providers onto our clients and add a fixed pip markup to the transaction which acts as a commission.
And to end with your advertising of FXCM here I just want to add that you can open orders but you can't close them manually. It's prohibited
FIFO = First In First Out. Meaning first opened order must be close before closing second opened order.
What if I have hundreds of orders opened in different days and I want to close just orders opened today and let the others to run for next 2 months?
You consider this a good business model?
A few times I've got off quotes or invalid price errors.
It's only a demo account opened 2 days ago. What to expect from a live account ?
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Pls am a newbies on this, pls need more clarifications expecialy on tactical squred