Let’s define slippage Slippage is the difference between the expected price and the executed price. It usually occurs when a trader places an order under the following circumstances: there is high volatility or there is a high-volume of orders to be executed.
You can use a lot of automated orders during your trading activity which can help you succeed. We have already learnt about Take-Profit Order and Stop-Loss Order. Let’s now find out about One Cancels the Other or OCO order.
“Take-profit” or T/P order closes your trade when it reaches a predetermined monetary amount (profit) to exit the transaction. All the trader has to do is to place a take-profit order at an exchange rate higher than the purchase rate. Let’s try to define whether there is some key level that would make a logical take-profit point.