cardigan posted: Slippage cannot be easily avoided but you can minimize the loss by limiting the market order. The problem arising is you do not know what is happening in the market to create the slippage issue.
Yes, got the idea of slippage now, Thanks for the information.
You can not avoid slippage completely, it normally occurs during high periods of volatility. This is the most common issue traders talk about, luckily the broker i use (fxview) at present has a very minimal slippage issue. I think someone else here can name out their broker too, who has minimal slippage.
lurehuh posted: I don’t think that you will be able to avoid slippage completely. It will be there whenever you trade. You just have to make sure that you trade with a broker that offers reduced slippage.
Rogerwood465 posted: One can set limit order so you don’t get affected much when the market executes the market orders.
Limit order is a good strategy when it comes to controlling your losses. You can try this strategy through maybe XM as I have tried various other trading strategies with them. And also avoid trading at that time when there are chances that the market might execute the market orders. For this you have to stay updated with the latest trends and movements in the market.
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