All language subtitles for 3. slippage_news US

have NFP and things like FOMC
and we have those big interest

it's it's pretty easy to take a
sizable hit now on days when we

you're in with 234 pips then
you know you you can very very

minutes whatever your personal
trade plan states of where you

single trading day. It should
be become a part of your

especially be doing this every
morning. If you're more of a

time you know you may want to
do a little window of 510

prefer to use a Forex factory
calendar I think investing have

as well do they have it on the
right hand side here yeah so

if you open up the settings of
the chart and then you go down

there so definitely something I
would recommend and definitely

know is USD right at the New
York Open around half one it's

for the week which is also
pretty good so on the weekend

tight stops then you need to be
very very aware of when those

not going to forget boom high
impact news event around that

just move the mouse to there
right 130 and then what I would

news by an hour or two and not
being aware of it for reasons

right at 1: 30 PM essentially
you know it's it's it's a

today let's say we're on
Thursday and we have USPPI

and you may want to get rid of
sort of the low impact news

currency pair pair or pairs
that I'm looking at to trade

rather just kind of keep an eye
out on all of them so yeah it

then you also have to be aware
that sometimes you know Chinese

economic news can have an
impact you know for instance if

just important right you don't
want to be missing out on that

know I'm not that computer
science sort of technically

resets so just keep an eye on
it especially with daylight

if it's something to do with
the cookies in the browser you

event you know the the actual
results the forecasted result

actually do before you even do
any of this make sure that you

kind of rough guide of
generally how big these kind of

expect in terms of sort of
intraday volatility and then

events tend to be so yellow
being the least obviously

main ones are the CPI and then
your employment figures as well

impact right obviously you
never really know it's not as

Um yeah, it's just pretty
useful and and yeah, keeps

that are usually released on
the first Friday of every month

market conditions Okay, so
there are a few sort of

shows the daily view and then
just shows all of the news

news events are government
elections. Uh the inflation

large amount of intraday
volatility. Now the other

figures so you'll often see
these denoted as CPI or the

these can often but not always
have a pretty large impact on

manned sorry manned main the
other main planned high impact

the market the most are the
central bank announcements. So

this is where interest rate
decisions are released. And

just you know anything that can
cause large economic shocks so

to a potentially large market
moving event now most of these

but like I was saying there are
also unplanned events that can

you know such as economic data
releases speeches by you know

know you know there's an
natural disaster or something

they remove their exposure you
know to pay any to any

it can do that but this can
obviously happen when there are

they do not experience any
potential heavy slippage

participants will close out of
trades any trades that are in

less in the module on brokers.
So don't worry too much about

because you know those those
people and those market makers

is something that can be
extremely when you are trading

those news events you can you
can really get whipped about so

single day and make sure
they're on your charts and it

by three pips but you can see
you know in each case is quite

liquid periods of the trading
day typically as this is when

on currencies that are part of
the Asian time zone. So,

it's just not worth trading. Um
don't forget to do this every

don't want to trade around that
news event you just want to be

on such tight margins you know
with tiny stops you know if

low levels of liquidity during
those kind of events then yeah

rate decisions from the Fed you
can see you know multiple

hundred pips movement that go
on for days but yeah during

notes below. Um yeah and just
make sure you do this every

are are quite common are good
and I'll put them in the in the

easy especially even during CP
like this when there's those

things pretty easy. So, this
may look how this may be how it

to events here then you can
click on show economic events

have these pop ups down here
that should be related to the

Um but yeah definitely have
these on here and then you want

that wraps it up on news and
slippage. Um you know slippage

going to be high impact news
very likely we're going to see

yourself in some tricky
situations at times. So yeah

paid around with much so yeah I
can't really vouch for it but

to just yeah more than be aware
of that or you can really find

so yeah you might find that
useful you might not I believe

trading routine. Um if you're a
day trader you need to

makes most sense to you
personally at the moment as you

aware of it and in that way
you're not going to forget and

a brilliant one as well. Um
I'll just find the ones that

suddenly you know if you start
seeing large big spikes like

click on the calendar there so
yeah play around with what

caused by US CPI yeah bang 130
yesterday there was CPI let's

introduced it's not something I
really personally use or have

on the chart and then if click
that and click okay it does

can click on it and then you
get all of this kind of pop up

you know something you need to
do you need to be aware of now

most common one. It's the one
that I typically tend to use.

chart just so I'm you know
ready and waiting and knowing

have a quick look on the
calendar yesterday 130 yes so

dollar and I would go to where
130 is on my chart so if you

then hop on the charts right so
say we're looking at Euro

sing trader then maybe just
once a week's enough for you.

right and then you got a line
there and then maybe you

they've they've got some more
information here as well if you

that we're likely going to see
a decent inch a day movement

automatically see that so down
here I don't know if yes if you

if you click that and then sync
it up with where 130 is so boom

another thing that you can use
that Training View have

this you go okay boom I had
news there I believe this was

then maybe make it red or you
know so on before if you can

currency pair that you're
obviously viewing at so you can

these line tools and then if
you go down to your vertical

and this also typically sees
quite a large amount of

want to make it a bit thicker
just so you don't miss it and

was what caused this so this is
why I would have this on my

do is if you go up here whether
you have sort of trend lines on

that was that movement there
right this CPI here yes today

fundamental factors but this is
a pretty good guide you know

aware of all that stuff but for
whatever reason sometimes it's

toolbar and just you need to be
looking at this at minimum

make it dot or whatever right
and then you know right you're

times on that currency is
obviously they're quite heavily

come out yet so it's not
going to give us that result

click into here and then you
can literally go in you can you

some wine and spreads and some
intraday volatility there so I

right right at that time so
what I would then do is I would

Chinese currencies or what not
you could get rid of that but

jazz and then what we show you
for the day is show you the

simple as just you know yellow
orange and red that that's

that can also be useful just
because if you know there's a

slippage and what not but yeah
so once you've got your time

now another main factor for
when there can be low quality

connected as trade partners
right so it's better I believe

previous results it's got
useful graphs and all of that

of a bit more of a simple color
code there for what you can

orange being the medium and
then red being kind of those

kind of pretty much wraps it up
just make sure you have the

which will get into when we
talk a little bit more about

and then here you kind of have
this color coding system so

times as well just to make sure
that you do have these it's

out for in in terms of low
liquidity and what tend to move

you know news releases are
going to happen so for instance

economic news calendar websites
that are really good that you

previous results you can
quickly pop out that graph

savited savited saved as a
favourite or bookmarked on your

you're looking for those
intraday entries with quite

zone set up the the kind of
another way you can view it is

so yeah what it would just show
you is obviously the date the

anything probably just take off
low impact and potentially

every weekend but if you are
day training especially if

time of the news the currency
that it's most likely to impact

and then the grey one here that
is just for bank holidays so

services we don't need to get
too caught up on that all we

know read all about it it's
kind of more what you'd be

now one thing you can do is you
can actually use this filter

you're trading the Australian
dollar currency Chinese

medium as well if you wish to
do so but yeah personally I'd

obviously you have the
description of what the news

on Sunday when I'm you know I'm
doing my watches for the week

just to keep that off if you
are really going to filter

economic releases can have a
quite a bit of an impact at

well so know that you're not
going to trade you know any

want to be aware of that that
I'm not entering a position

measure of inflation the change
of price of finished goods and

the markets for instance like
that and you can apply that

saves settings now what I often
find is sometimes I don't know

events or potentially even the
medium as well but I prefer to

there if you so wish to do so
so the first thing I would

filter you can also just do the
currencies that you trade as

line and then just save that to
your favorites toolbar and then

have the right time synced up
to your time so if you click up

US bank holiday then typically
there's a lot lower volume in

looks the first time you ever
jump on it and it essentially

click save settings now one
thing I will say is although it

going to have you know a
certain amount of impact on the

market moving potential events
of the week ahead that affects

ads now you can see that's
synced up to my time and you

ahead I will have a quick scan
to see kind of what are the big

notes below the video. The
Forex factory is probably the

can just play around with that
for whatever you want and then

keep that on typically just get
rid of the the low impact ones

obviously the actual result
when it comes out this hasn't

release is and if you want a
bit more detail you can just

doing if you're kind of really
that macro trader and you can

the time on the top left hand
side get rid of these annoying

look at all the previous data
releases for that specific news

CPIs and the NFP is probably
the yeah one of the biggest

but it does show you what the
forecast would be and again the

yellow for being sort of the
what's expected to be low

real high impact you know
bigger movements so that's kind

announcements for sort of the
main major currency of the day

can use and I will put a link
to a few of them below in the

currency it's going to depend
on you know so many different

intraday volatility so yeah do
keep an eye on that FOMC the

going to, you know, likely have
slightly higher liquidity than

the European a North American
currencies during that Asian

in the market is around news
events for pretty much the

are going to pull their resting
orders from the market until

the news event has occurred so
that they remove their exposure

reasons we've just discussed
you know market participants

I'll show you where you can
view these planned

sort of intraday movers as
things stand with the current

sometimes if the market were to
you know gap over the weekend

will obviously be on weekends
of course when a lot of market

and they'll usually pull and
cancel many resting orders that

market rolls over to the next
trading day so for about an

the New Zealand dollar for
example, you know, if you wish

big events such as elections
for example or potentially you

to trade during the Asian
session, just because these are

potential event risk that can
happen over the weekend so that

they may have before the market
closes for the weekend so that

know anything unplanned could
happen over the weekend you

that just now. Yeah the other
sort of low liquidity period

session timing so we'll talk
about this in a bit more depth

choose not trade during this
time. However, if the Asian

the the London and New York
crossover those are the most

the orders are actually pulled
from the market generally it's

when the market then reopens
you know it's pretty rare that

currencies such as the Japanese
yen, the Australian dollar, and

window now the other big factor
to consider is the daily

and when New York opens whilst
London is still open so we have

they do not wish to pay the
rollover spot fees which we're

hour to two hours you what
you'll see is that majority of

but this is where you may
potentially want to concentrate

it is still more than possible
to trade it profit profitably

the charts, you know, depending
on your job and your lifestyle,

that you're going to want to be
keeping an eye out on and

announcements in a second but
the main ones to keep an eye

later in the program but
essentially the London session

non-farm payroll and that is
the American Employment figures

rollover and this occurs at 10
PM GMT every weekday when the

that's from the US Central Bank
which usually will see a pretty

are events which you can track
in an economic news calendar

going to talk about in a lot
more detail in the trading cost

their initial announcement. Now
FOMC is probably the main one

the forex market so therefore
the Asian session you know

so again in brackets there we
have NFP which stands for

typically has much lower
liquidity and most traders

economists and politicians as
well as government elections

slippage is a lot less costly
because that only represents

the majority of the world's
trading volume is executed in

session is the only time period
in which you can be active on

loss sizes because slippage is
going to be something you know

second example where you have a
30 pip stop loss three pip

hit the market without warning
such as natural disasters or

10% of your initial pip risk so
if you risk 1% of your account

your account size even though
both trade stop losses were

So how can we try to anticipate
where there will be low

experiencing you know negative
slippage. Well liquid really

right because you only intended
to obviously risk three pips

really need to pay you know
special and close attention to.

liquidity so that we can
potentially avoid trading

a big difference in terms of
the actual loss that you book

a trader who trades with
relatively you know small stop

depends on many factors but
some of the main ones are

around these times in order to
reduce our risk of potentially

slipped by the same amount
right both trades were slipped

even more so than potentially
other traders that you really

risk 1% of your total account
balance on the trade you would

onto your account. So you know
really bears in mind if you are

three pip slippage right so a
six pip list sorry a six pip

actually end up taking a minus
2% hit instead now in the

balance on this trade you would
then only take a 1. 1% hit to

loss is double what you had
initially intended to risk

now you've lost six so that's
you know 100% of your initial

risk so in this case on this
trade if you had intended to

level than you had intended to
close your trade app now

vary between brokers and will
ultimately depend on the depth

only three pips that means that
you actually be stopped out for

generally slippage can you know
be anywhere from a micro pip to

of pips and in some rare
circumstances sometimes even

a minus six pip loss in total
when of course you include the

aware of those news
announcements and periods where

what happens if you have a
three pip negative slippage. So

there is likely to be that low
liquidity and we're going to

essentially closing you out of
the trade at a better price

of their available liquidity at
the time now probably the main

can benefit from positive
slippage by your broker

your favor however with your
take profit orders where you

take a look at a couple of
trade examples just to kind of

on this first trade example
where your stop loss size is

hundreds or potentially even
thousands of pips now it will

to be closed out of your
position at a worse price than

level but like I said at the
start this can also work in

you had initially intended
which means that you're

you want to be closed out of
your position if there are no

really drive this point home
where we're going to look at

until you are filled at
wherever that next available

going to essentially book a
larger loss than you had

smaller your stop loss size is
then the more you need to be

thing I want you to take away
from this lesson is that the

anticipated due to being
slipped and filled at a worse

out of your position then price
is just going to keep moving

other orders at that level for
you to trade with right to get

level of liquidity might be
which means that you're likely

occur and go through so for
example let's say price comes

with an equivalent buy order
for that trade to actually

equivalent sell order and you
know vice versa for every

to the level at which you set
your stop loss order at where

seller order in the market to
be filled it must be matched

bids and offers at pretty much
every single price level but

in the market. So, the market
is liquid there's going to be

to put through a reason order
right it's going to eat up all

it's like that because remember
for every buy order in the

market to actually be filled it
must be matched with an

lower too right so this is
where you know if someone was

or offers at certain price
levels and all the quantity of

also with a large amount of
volume on each of those price

levels right so it's going to
take a lot of money to move

through that to to make price
move up and down through those

next best available order and
price can be quite erratic when

will often see price sort of
gapping up or down to fill the

pretty quickly and this type of
market condition is where you

of those bids or offers right
and smash through those orders

orders however if it's a liquid
then there may not be any bids

supply and demand at those
price levels might be a lot

So, it's the ease to which a
market can be traded without

Now, market liquidity is just
essentially the amount of

slippage is almost always due
to low available liquidity.

really affecting its price. So,
this diagram here, it basically

demand and supply that is in a
market at any point in time.

you had intended to for
slightly more profit now

lines that you see here, each
line represents a price level

illustrates what liquidity
looks like in terms of an order

book in the market. So, all of
these lines, each of these

position at a higher or better
price level I should say than

order and then you can be
slipped and stopped out of your

can also work in your favor too
say if you set a take profit

at a worse price level than you
had actually anticipated but it

be entered into a position or
maybe stopped out of a position

initially set in your order so
what this means is that you can

So slippage refers to when a
stop or a market order is

executed at a different price
level than you had actually

will save you a potential
headache.