Step by step
How to read it
- 1Your stop: the price you asked for.
- 2News: price jumps straight through it.
- 3The order fills at the next available price. The difference is slippage.
Watch out
Common mistake
Holding tight stops into major news and expecting them to fill exactly.
Hypothetical numbers
Worked example
- Example: stop at 1.0830, filled at 1.0826 in a fast market.
- Slippage: 4 pips worse than planned.
In one line
Definition
The difference between the price you asked for and the price you got, common in fast markets and gaps.
Check yourself
Check yourself
When is slippage most likely?