An order rejected on a release day: what did your broker say?
An order can be rejected when the market moves too quickly for the broker to fill it at a price within the allowed range, which is common on a release day. A rejected order is not always a bad outcome, because the trade is simply not placed, but it can leave a plan half-carried out if the rejection comes after a stop has already been set. How to trade the news covers planning around a release, including the orders to decide on before the window opens.
Members who have had orders rejected often find the reason in the broker's execution policy or in the error message, which can be vague. The question is what the broker said, whether the rejection was clear, and whether you could tell from the platform what had happened to the order. A clear reason makes the next decision easier than a generic message does.
We would like to hear what happened to you:
- Have you had an order rejected on a release day? What did the broker say?
- Was the reason in the error message clear, or did you have to ask?
- Did the rejection leave you with a stop or a position you had not planned for?
- What would you check in a broker's execution policy before a release?
Please share your own approach and reasoning, not calls for others to copy. Posts that promise a direction or sell signals will be removed.
Background: How to trade the news: a step-by-step strategy guide
News moves currency pairs faster than anything else in the market. Here is how to trade news releases with a plan, not a prayer — including the releases that matter, the risks around the release minute, and three strategies that respect both.
What is the best news to trade in forex?
The releases that consistently move currencies are US CPI, non-farm payrolls and Fed decisions for the dollar, CPI and Bank of England decisions for sterling, ECB decisions for the euro, and Bank of Japan decisions for the yen.
Should beginners trade the news?
Most beginners are better off reducing positions before high-impact releases and learning to trade the aftermath first. The release minute itself has widened spreads and fast reversals that punish inexperience.
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