Slippage
The difference between the price you expected and the price at which the order actually filled.
Reference
A small glossary for the words that move money.
Four core terms first-time traders meet immediately: slippage, drawdown, order block, and swap rates. Each page is a DefinedTerm — a definition, not a signal.
DefinedTermSet
Slippage · Drawdown · Order block · Swap rates
Short
One idea per page. No 40-term dump.
Honest
Order block is a chart sketch, not an exchange print.
Linked
Calculators and the calendar sit next to the words they use.
Free
No login. No product pitch in the definition.
A–Z in this set
The four terms
Click through for the full definition, why it matters at high leverage, and the neighbouring terms.
Drawdown
How far an account or equity curve has fallen from its highest point, usually shown as a percentage.
Order Block
A chart zone some traders treat as leftover institutional buying or selling, used as a possible future reaction area.
Swap Rates
The overnight interest credited or charged when a leveraged position is held past the provider’s rollover time.