Slippage is a forex term that can potentially make many traders worried as it often results from the difference between the intended price and actual execution price. Especially when markets remain volatile, the effect of slippage can be severe, potentially eating into your profits. However, there are two potent ways to keep the effects at bay. Firstly, trade when the markets remain calm. As part of this strategy, you need to avoid trading during major economic updates or announcements. These can trigger sharp price movements, potentially inviting higher slippage. Secondly, place limit orders instead of market orders that can charge sharply.