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Slippage

The gap between the price you expected and the price you actually got.

Orders & TradingBeginner

Definition

Slippage happens when the market moves between the moment you decide to trade and the moment the order fills, or when your order is too large for the available liquidity at the quoted price. It is larger in fast, thin or volatile markets.

How it is used

Limit orders and trading liquid names reduce slippage.

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