Slippage is the difference between the price at which your order got filled and the price at which you actually expect it to be filled. Slippage is normally a kind of loss. This usually happens when you place a market order or stop loss. If the political or economic climate of the world changes, there might be an increased volatility in the forex market resulting in the prices shifting more rapidly, causing prices to gap thereby causing slippage if you are stopped out.
Everybody perceives the market to be going down and they will all be selling their securities at the same time. There will be fewer buyers to buy the dropping securities especially when the market is falling rapidly and so the stop loss filling price will be much less than what the investor wanted. Buyers will be buying at their price and not at the price of the investor.
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