How To Understand The Companies That Perform Slipaj?
For this, after your trades are closed, you should constantly check the order levels you entered and the relevant order execution levels. Some investors are not even aware of the slip, as they only look at the realized profit and loss amounts without paying attention to this. However, it is very simple to understand the slip.
Why Is Slipaj Important?
Under normal circumstances, slipage does not matter much in a well-intentioned company. In the natural flow of the market, both negative and positive slips can be seen. However, these price shifts occur at very low intervals. So it will not do you any significant harm. No company can say that I will perform all transactions without slip anyway.
Firms sometimes develop an application as a precaution against slipage. When you place a buy or sell order on the screen, if the price has shifted, they ask whether the price has changed and whether it approves the execution of the order at the new price. In this case, if you approve, the new price order is executed. However, this requires being on the screen. It cannot protect you from slippage of orders such as Stop Loss or Take Profit.
We stated that the slipaj is about the formation of the price. During the illiquid hours of the market, price shifts may occur, for example, outside the working hours of the relevant currencies. Because at such times, a buyer at that price may not be formed immediately in front of the seller. In important data moments such as TDI and interest decisions, as a result of the rapid movements of the price, shifts may occur due to the non-occurrence of price formation at some points.
However, if your forex company often leaves you with slipage problems and these slips are large, I recommend that you change your forex company as soon as possible. Because you can be sure that your forex company is applying for such inflation slips to earn additional income from you.
Which Forex Firms Have The Least Slippage?
It is not possible to know in advance which forex companies have a lot of slip complaints. The only way to do this is to review the complaints about the companies and look at the user comments. Slipaj is already one of the most complained issues. Therefore, if the forex company makes its investors experience this situation, you will often see it in user comments and complaints.
Among the companies I used, I had the least slip problem at Olive Markets and Tickmill. I trust both of them in this regard. However, if you experience this problem in other companies, I recommend that you contact your customer representative directly. Sometimes there may be a problem due to the technical problems of the company. If it is a well-intentioned company, it will solve the problem in your favor.