Order types
Slippage
Slippage is the gap between the price you expected and the price actually obtained when an order fills.
Slippage is the gap between the price you expected and the price actually obtained when an order fills.
It happens mostly on fast or illiquid markets, with market orders. The price moves between the moment you click and the fill. Limit orders avoid slippage but may not fill.
You want to buy at $50.00 at market, but the order fills at $50.08: the $0.08 is slippage.
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