Slippage
Slippage is the gap between the price you expected and the price you got. It comes from the spread, from a thin book your order walks through, and from the price moving between click and fill: fill predicted, fill actual, and the gap between them has a name. Thin books slip more, and the max slippage setting caps it.
Go on
In the help centreSee the order types available on MochatradeRelated terms
- Max slippageMax slippage is the setting that caps how far from the quoted price a market order may fill; beyond it the order is…
- Limit orderA limit order buys or sells only at your price or better. You control the price, the market decides whether you trade…
- Market orderA market order buys or sells immediately at the best price available. It always fills, but at the ask if you buy and…
- Stop-limit orderA stop-limit order becomes a limit order, not a market order, at its trigger. It refuses a bad fill in a gap, and that…
- Gap up and gap downA gap is a price opening far from where it last traded, with nothing in between. US stocks gap at 7:00 PM IST because…
- Last traded priceThe last traded price is the most recent trade on the venue's own book, the one the chart shows. You never trade at…
Educational content only. Not investment advice. Leveraged products magnify losses as well as gains.