Slippage is very common with most brokers, is there anyway to handle it in real trading?
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How to avoid slippage?
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Originally posted by lenka View PostThanks for your explaination but could long TP/SL reduce slippage?
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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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Originally posted by Klimov View PostWe 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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Originally posted by lenka View PostSlippage is very common with most brokers, is there anyway to handle it in real trading?
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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Originally posted by lenka View PostThanks for your explaination but could long TP/SL reduce slippage?
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yeah i would say there is no avoiding it, but i guess it hits scalpers the most, and trades with larger lot sizes. we just have to adapt and make it work. but be warry of some slippage (those that are quite suspisious) coz brokers like fxcm and alpari was fined for it. they abuse it i guess.
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there are pretty much obvious slippage, but some traders tend to abuse the refund/reimbursement, but i guess fxcm and alpari got fined for abusing NFP releases so, if its that obvious then contact the broker. but there is no avoiding it really
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Originally posted by maligno View Postthere are pretty much obvious slippage, but some traders tend to abuse the refund/reimbursement, but i guess fxcm and alpari got fined for abusing NFP releases so, if its that obvious then contact the broker. but there is no avoiding it really
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