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Is there a maximum slippage level?

No. Slippage is a natural part of the fast moving trading market and it works both positively and negatively. Slippage occurs when an order is placed at a particular price, but before it can be filled the market moves and that price is no longer available.

Additional Information

What is Over The Counter (OTC) trading? Can I hold positions over the weekend and major holidays? What is the difference between a Long or Short position in Forex?