What is slippage?

Slippage is the difference between the expected price of a trade and the actual executed price, caused by market volatility or low liquidity. It can affect the profitability of a trade, especially for high-frequency traders or those trading large volumes of cryptocurrency. To reduce slippage risk, traders can use strategies such as setting appropriate stop-loss and take-profit orders, trading during high liquidity periods, or using advanced trading tools. Slippage is a common occurrence in the cryptocurrency market, and traders should always be prepared for the possibility of unexpected price movements.