What does slippage, requote mean in forex & stock market?

What is slippage?

Slippage is when a trade is opened at a price other than the price at which you want to open it. Example: Suppose there is a buy price of 70, here you want to open a buy trade. But if your trade is opened at 72 or 75 instead of your entry point at 70, or a buy trade below 70 is opened at 68 or 69, then this is slippage. A similar poem is written in the case of Sel. Exactly the same system called slippage. That is, opening a trade at a price other than the price at which you want to open a trade is called slippage.

Same story happens with pending orders. Stop loss, take profit does not work properly due to slippage. That is, due to slippage your loss may be more and profit may be more. So before choosing a broker you must choose a good broker. When the market moves higher, the slippage also increases. Due to high impact news, slippage is also high when the market rises. When there is an event due to high impact news, the market usually opens with a gap. And if the market eats the gap and opens again, then your pending order will also eat the slippage. And pending orders will eat slippage it is mandatory irrespective of the category of broker. The market will open with a gap after eating slippage due to fundamental news. All categories of brokers will have slippage.

what is recout :

A market movement in a few nanoseconds is called a requote. That is, requote means you buy or sell a pair at a certain price. If the market price moves at the time you click to buy or sell, it is called recut.

That is, if the order goes from that price to another price, then the broker will requite you. Then the broker will say that the market price has changed, now do you want to open the trade at that price? This thing is called requite. Recout is provided by market maker brokers. When there is 100-200 pips movement in a few minutes in the market, then slippage, spike, requite happen.