Taming Slippage: Fundedfirm Step-by-Step Guide for Traders

Wiki Article

Slippage in trading is the gap between expected and executed prices, triggered by volatility, low liquidity, or large orders. Fundedfirm, a top prop firm, helps traders sidestep this pitfall with robust platforms and funded challenges.

Step 1: Decode Slippage Mechanics

Market orders fill at prevailing prices during flux, causing negative slippage in fast drops or positive in rallies. News events and off-hours exacerbate it. Fundedfirm's low-latency servers minimize delays.

Step 2: Pinpoint Vulnerabilities

Scan for high-impact news, exotic pairs, or thin books. Trailing stops can slip too. Fundedfirm evals mirror live conditions for safe testing.

Step 3: Implement Protective Measures

Use limit/stop-limit orders; enter gradually. Stick to liquid assets during overlaps. Fundedfirm offers 1% daily drawdown rules, scaling to $300K.

Step 4: Thrive via Fundedfirm

Ace challenges, trade capital with 90% payouts. Dashboards monitor fills, refunds on fails. Master slippage, unlock prop success