What is a requote, and what do you do about it?
A requote happens when the price you clicked is no longer available and the platform offers a new one. It's most common on instant-execution accounts in fast markets — and most common of all on exotics.
Share:
- when you last saw a requote, and on what
- whether you accepted the new price, and why
- how your broker's execution type affects this
The order types guide explains how execution types differ.
Background: Market, limit and stop orders: which order type to use
The order types on a trading platform decide when and at what price you enter or exit. What each one does, and the mistakes that cost traders money.
What is the difference between a buy limit and a buy stop?
A buy limit is placed below the current price to buy on a dip. A buy stop is placed above the current price to buy if the price breaks higher.
Does a stop-loss guarantee the exit price?
No. A standard stop-loss becomes a market order when triggered and can fill beyond its level in a gap or fast market. Guaranteed stops, where offered, cost extra.
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