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Ask Your Advocate: Why Does Slippage Always Work Against Me?

Ask Your Advocate: Why Does Slippage Always Work Against Me?

7 Years ago | November 21, 2013 00:00:00

 Question for the Advocate:

How come slippage will always work against you? Let’s say you enter the weekend with a EURUSD long position @ 1.3500 and a stop @ 1.3550. Israel attacks Iran over the weekend and Sunday night the first quote is 1.3620. You will have endless discussions about the price with your bank/broker as to how big the slippage is/was and at what price you will be executed (probably around 1.36 if you make a big fuss). But let’s assume you were long @ 1.3500 with a limit TP @ 1.3550, they will not grant you an

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