Dear PROs, could you please explain to me and other newbies what is SLIPPAGE and what is the harm of it.
Why everyone hates it when your broker is "slipping" and so on...
Please, shed some light on this topic.
Dear PROs, could you please explain to me and other newbies what is SLIPPAGE and what is the harm of it.
Why everyone hates it when your broker is "slipping" and so on...
Please, shed some light on this topic.
i want to know also
Slippage occurs when the interbank price feed for the broker has a gap due to very high volatility.
If for example, eur/usd shoots up between 1.3300 and 1.3305 in one "tick" instead of the usual 1.3300-1.3301-1.3302-1.3303-1.3304-1.3305 in succession, a stop loss at say 1.3303 may not be honoured and you may be slipped to 1.3305 or by 2 pips.
The feed for FX Egypt appears to be liquid compared to some other brokers I have used however so slippage, while highly unlikely is not impossible. I've not had it happen to me yet.
Before you ask, "What is a Tick?"... A tick is a change of price in a variable timeframe that can be measured in milliseconds. Just look at a tick chart for any currency and you will see what I mean by watching it move.
Jafar Calley - Director
FXOpen AU Pty Ltd
Level 26 • 1 Bligh Street
Sydney NSW 2000
Australia
AFSL:412871 ABN:61 143 678 719
http://www.fxopenaus.com
you say that slippage though highly unlikely can happpen and that one may be dropped 2 pips. Just recently I read someone else posted he was slipped by 45 pips. Is this possible ?( I think it was you rebatefx)..here
http://www.fxegypt.com/forum/showthr...light=slippage
Jafar Calley - Director
FXOpen AU Pty Ltd
Level 26 • 1 Bligh Street
Sydney NSW 2000
Australia
AFSL:412871 ABN:61 143 678 719
http://www.fxopenaus.com
Thank you very much for explaining what slippage is, I belive that it can be used for both, advantage and disadvantage.
I mean, wouldn't you mind if your TP is 1.3305 but due to slippage, then your position gets closed at 1.3310?
I mean, then you gain extra 5pips!
But then again, if you look at SL... then things could get messy, with slippage one could loose extra 5pips...
Anyway, as I see, this kind of stuff does not really depend on the broker, unless someone esle thinks the opposite, then please correct me.
Ok I am getting all this info aout slippage into my head. But does it happen that often? I've been using demo account on fxegypt for over a month now and I've never been slipped. Or maybe I just couldn't tell.
Ok, here is another stupid question:
How does one tell that the broker is slipping you on purpose? The only way I can think of is checking with other beoker's charts... but don't you think its a pain in the butt to always doublecheck everything? Or maybe you only doublecheck if you see a slippage?
But then again, it could be some technical error, slow communication and so on... there is no way to prove it, is there?
Even if the broker was slipping you on purpose nikki could you do anything about it? PRobhably not. You'd just move onto another broker.
Jafar Calley - Director
FXOpen AU Pty Ltd
Level 26 • 1 Bligh Street
Sydney NSW 2000
Australia
AFSL:412871 ABN:61 143 678 719
http://www.fxopenaus.com
Talking about slippage on another broker (*********) some months back there was a huge slip of about 80pips on G/U where the charts just went crazy. So many people lost a lot of money that day and other so much more. I'm hoping that this won't happen here.
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Denis Peganov
Development Director
FXOPEN NZ LIMITED
E-mail: [email protected]
http://www.fxopen.com/
why do these problems happen? Is it just because of lag?
I dont think its because of lag..
Well how could a slip of 45 pips happen just due to lag?
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