What is meant by Slippages and how can I avoid them?
Slippages refer to a situation in which a trader’s order placed is executed at a different price than he initially intended. This happens when placing market orders as there is an ever-changing Bid/Ask in these highly volatile markets.
Slippages cannot be avoided but reduced to a maximum extent:
- Usage of Limit Orders instead of Market Orders can be beneficial.
- Placing basket orders (refer to this article) can reduce slippages, especially while hedging.
Note: Slippages can also happen in extremely Low volatile situations as there will be immense differences between Bid/Ask.
Can I place a Basket Order with Bracket Orders?
Yes! You can place Bracket orders using the Basket order feature available in FYERS. This feature allows you to trade efficiently and avoid slippages (refer to this article). You can place up to 10 orders at a time through basket order.
How to place Basket Orders on FYERS Web?
Basket order is a feature with which you can place multiple orders at one go. This feature helps in making use of various opportunities in the market efficiently and also helps in avoiding slippages. Now, let’s go through the step-by-step procedure ...