Slippages occur when your order gets executed at a different price than your intended one. This deviation generally arises during volatile market conditions when placing market orders.

Ways to Reduce Slippages:

Opt for Limit Orders: Instead of placing market orders, we suggest using limit orders. This gives you greater control over the execution price.

Leverage Basket Orders: Implementing basket orders can substantially minimise slippages, particularly during hedging activities. For a comprehensive guide on basket orders, you can refer to this article.

Note: Do bear in mind that slippages can also transpire in low volatility scenarios where there's a significant gap between Bid and Ask prices.