Adam K_ Gonzalez#31

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What is slippage in forex orders and how to minimize it?

Slippage occurs when an order is executed at a different price than expected, usually during high volatility or low liquidity. For example, a trader may place a buy order at 1.2000 but get filled at 1.2005. While slippage can be positive (better price) or negative (worse price), it is generally a risk for traders. To minimize slippage, traders can use limit orders instead of market orders, trade during high-liquidity sessions like London and New York overlaps, and avoid major news releases. Using brokers with fast execution speed and deep liquidity also helps reduce slippage significantly.