“Is my broker stealing from me?” A question that many traders in the forex market ask themselves when their trades mysteriously get executed too early or too late. Many who are trading forex are not aware of the concept of slippage. Slippage is the difference between expected price of a trade and the actual price that is executed. If not managed properly, it can end up costing you thousands of dollars! It might seem strange, why are exact stop loss or take profit targets not being respected? This is largely attributed to liquidity and bid ask spreads. Andrew Lockwood from Forex Signals is here to explain slippage, why it is important to be aware of it, and why you should plan for it in your trading plan. After this video, you’ll be able to manage forex slippage like a pro, and might even be able to avoid it all together!
00:00 – Introduction to Slippage
01:32 – Slippage Explained
04:12 – Slippage and Stop Loss
06:10 – Slippage and Take Profit
07:33 – Understanding the Bid Ask Spread
09:05 – Where Slippage Occurs Most
14:26 – How to Manage Slippage
15:32 – Slippage Outro
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* The information provided in this video is intended for educational purposes only and is not to be construed as investment advice. Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. There is a possibility you could sustain losses of some, or all of your initial investment and therefore seek independent financial advice if you have any doubts.
** Andrew Lockwood and our team of mentors will never contact you directly outside of the Trading Room. If any person(s) contacts you via Social Media platforms offering account management or asking for payment, this is not Forex Signals and should be ignored.
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