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    How to avoid slippage?

    Slippage is very common with most brokers, is there anyway to handle it in real trading?

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    Obviously, due to technological reasons, there will always be some slippage between the requested price and the execution price. Nevertheless, you should find a broker that allows trading with minimum slippage that will not kill your account.

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    Thanks for your explaination but could long TP/SL reduce slippage?

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    Talking

    Quote Originally Posted by lenka View Post
    Thanks for your explaination but could long TP/SL reduce slippage?
    Take profit or Stop loss cannot reduce your loss in case of slippages. Broker process your orders at the first available price after gap, that mean your loss, closed on S/L, can be more than you set and profit, closed on T/P, can be less or negative. To reduce slippages you can set maximum deviation in points from the current price in case broker has Instant execution type, if Market - no chances.

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    We must try to find a broker which has normal trading conditions. In my trade with the fresh forex, I never had sudden requotes. And orders never slow down, do not spoil my nerves. Withdrawal also works fine: many options of electronic payment systems, there are credit cards as well.

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    I guess slippage is really normal, there is no avoiding it especially if you are going to be trading news lke the NFP release, thats why i just stay clear from it.

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    Quote Originally Posted by Klimov View Post
    We must try to find a broker which has normal trading conditions. In my trade with the fresh forex, I never had sudden requotes. And orders never slow down, do not spoil my nerves. Withdrawal also works fine: many options of electronic payment systems, there are credit cards as well.
    If you are trading with a good broker then generally these things doesn't happen, brokers with poor systems tend to do such things.

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    Quote Originally Posted by lenka View Post
    Slippage is very common with most brokers, is there anyway to handle it in real trading?
    as far as i know, in ECN Brokers like Tickmill, slipage happens because in their liquidity provider , no order can counter your order
    for example you order buy at 0.7000 but in that area in brokers liquidity , there is no sell order to counter your trade, and the nearest sell order is at 0.7006 , so you will have slipage. because forex trading is a trading, we need a sell order if we are buy, and vice versa

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    Hard to avoid , particularly if you trade around news or periods of high volatility.

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    Quote Originally Posted by lenka View Post
    Thanks for your explaination but could long TP/SL reduce slippage?
    Of course not because they're not connected. With SL and TP you can control your risks but its really hard if you trade on platform with bad liquidity. That's why I prefer Hotforex to trade without slippage.

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