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SEARCH
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- 外汇
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- 交易费用
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滑点 (Slippage)
描述
当交易的预期价格与实际执行价格之间存在差异时,就会发生滑点。这种现象通常在市场波动剧烈或使用市价单时发生,尤其是当订单量超过了预期价格的可用量时。由于市场价格变化迅速,在订单处理过程中可能发生滑点。
滑点是各种交易平台上都存在的一种现象,具体情况可能因交易环境而异。
使用限价单可以通过设置最高或最低执行价格来减轻不良滑点的风险; 然而,如果市场价格没有回到设定的限制,这种策略可能会导致订单根本无法执行。
重要的是,滑点本身既不是负面的也不是正面的;它只是反映了预期价格与实际价格之间的差异。根据市场情况和订单执行方式,这种差异可能导致的结果比预期价格更好、更差或无差别。最终,最终价格与预期价格之间的差异可能会导致正滑点、负滑点或根本无滑点。
负滑点例子:
假设Tesla股票的买卖报价显示为 140.30 美元 / 140.35 美元。一位投资者决定以市价购买 50 股,目标价格为 140.35 美元的卖价。但就在订单即将执行时,自动系统的快速交易将买卖报价推至 140.36 美元 / 140.41 美元。因此,订单以每股 140.41 美元的价格完成,导致每股负滑点 0.06 美元,总计 50 股的负滑点为 3.00 美元。
正滑点例子:
假设一位外汇交易员想买入欧元/美元,当前报价为 1.1050/1.1052。交易员决定以 1.1052 的市价单购买。就在订单提交时,市场的利好消息导致欧元对美元迅速升值,短暂地将卖价推低至 1.1048。市场订单因此在较低的卖价 1.1048 执行,产生了0.0004 的正滑点。对于一笔 10,000 单位的交易,这次正滑点为交易员节省了 4.00 美元。
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