What is slippage?Slippage
The difference between the price you expected and your actual average fill, which happens when a large market order eats through several price levels.
Animation · slippage
Learn “slippage” in an animated lesson
- CFDsCFD Risks: Gaps and Slippage
One piece of weekend news, and on Monday the price opens straight past your stop. CFD risk doesn't only come from leverage.
- Crypto BasicsPlacing Orders on an Exchange: Maker and Taker
Buying crypto with USDT on an exchange: a market order fills right away but costs more in fees and may slip; a limit order is cheaper but might not fill.
- Forex: Pending Orders & RiskSlippage, Gaps and Order Expiry
Weekend news makes the price gap at the open. Why does a stop-loss lose more? Why can a limit order come out better? And when does a pending order expire on its own?
- Quant BasicsTransaction Costs and Turnover
A strategy that returns 15% a year in a backtest may have nothing left after fees and slippage. The more you trade, the more costs eat.
- Stock Trading: Next StepsLimit Orders
Fill only at my price or better. A limit order joins the order book queue and waits for someone to trade with.
- Stock Trading: Next StepsMarket Orders
No price preference, fill it now. Submit a market order yourself and watch it "eat" through the asks level by level.
- Stock Trading: Next StepsSlippage and Liquidity
Buying the same 2,000 shares can cost very different prices in a popular stock and a thinly traded one. Compare two order books to see why.
- Indicators in Practice & BacktestingBacktesting a Moving Average Strategy
Test your rules against historical data: return, win rate and maximum drawdown, and you can't skip any of them.
Related terms
See how “slippage” works for yourself with an animation you can drag and play.
Go to “CFD Risks: Gaps and Slippage”