What’s a “Request a Quote” order on the Forex Market?

On the Forex broker GFT’s Dealbook 360 platform there’s an option called : Request a Quote”. What does it mean ? I’ve just passed a stop buy order at 1.0205 but then, when it arrived at that price, it buyed at 1.0208. Why? How to can I avoid slippage ? thanks !

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Posted in: forex trading tools

Tags: forex, Market, Order, Quote, Request, whats

This entry was posted on Tuesday, February 9th, 2010 at 2:46 am and is filed under forex trading tools. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “What’s a “Request a Quote” order on the Forex Market?”

Ritch February 9th, 2010 at 3:05 am

That is the problem with GFT. They are the master of requoting when the market gets volatile. You may want to look at a different broker if you trade in fast moving markets.