Do you always have slippage issue while placing the order?

Use a limit order instead.

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Will give it a try whenever i will place a new order in demo account and keep a check on the slippage.

Not always. Only when I get a different price than expected on an entry or exit from a trade. To avoid it, you can use limit orders instead of market orders.

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ok i will try using this strategy

Not always. Only when I get a different price than expected on an entry or exit from a trade. To avoid it, you can use limit orders instead of market orders.

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Nice technique let me try it on my demo trades first.

Good technique there. Since how long have you been practicing that?

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i tried it yesterday and it literally helped me

Not always, but I tend to set the limit order so lately I haven’t face anything like that

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Not always! There are various suggestions to place limit orders, which is great. For market orders, choose a broker with good execution and deep liquidity.

yes, i have seen the chagnges in my trades now with the above suggestions. really helped.

I started trading with a broker who in the name of great execution watched orders and called levels while executing market orders on my behalf. When I understood trading better, I realized I missed on to some great opportunities.

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That’s why selecting a reliable broker is important. Good brokers like turnkey forex and avatrade offer a volume option on their charts. A trader can easily analyze the market liquidity with the bars on the volume chart.

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Is there any relation between the currency pairs liquidity and the spread?

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Say for example the economic news can easily result in making the currency pair go strong or weak, which in turn affects the spread. In case the market is volatile, currency pairs can cause gapping or become less liquid. The spread will then widen.

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You must choose a reliable broker. But I don’t think any broker can do so without you giving them the access to trade on your behalf. Did you complaint about it then?

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Slippage normally occurs when the volatility is high. Volatility comes from any major event or announcement so always read the news and keep a track of all the events

Apply stop loss and limit orders to your positions to avoid slippage.

Positive slippage is good. With limit orders, you can have positive slippage, meaning that your trade will be at a better price than your order.

Slippage is more likely to occur in the forex market when volatility is high, perhaps due to news events, or during times when the currency pair is trading outside peak market hours.