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. Both comments and pings are currently closed.

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.