Develop understanding of the market

[LeoFx]

You have to trade forex with great understanding because Forex stirs your brain by putting pressure on your mentality and sometimes traders become unable to reach a conclusion of their analysis. Eurotrader provides a strong ground for market analysis and they also provide signals at times to help traders.

 

[Latham]

Slippage- a common problem faced by traders- causes discrepancy between expected price and executed price causing some lose in pips. However, such errors are unexpected but we experience it somehow with our brokers.

 

[Fin_Trader]

Slippage- a common problem faced by traders- causes discrepancy between expected price and executed price causing some lose in pips. However, such errors are unexpected but we experience it somehow with our brokers.

Slippage is often observed with unscrupulous brokers or when there is very strong volatility in the market (for example, when serious news is published). Therefore, I do not trade on such news; the rest of the time, my broker FXOpen ensures instant execution of orders and stability of the trading platform.

 

[Polakandil]

Slipage indeed may occur in the forex market, this means that the execution of the desired price level misses or does not match your expectations when placing an order. In general, this is due to an imbalance of sellers and buyers.

In simple terms, an order can be fulfilled if some sellers and buyers order at the same price and lot size. When we place an order but there are no other orders that are exactly matched to fulfill it, then the price will be executed at the next best price. Trading during high-impact news releases is vulnerable to this condition, besides that broker technology is also another reason in this case. ECN brokers are usually the best choice because they can provide a high level of trading technology sophistication.