How to avoid slippage in Uniswap?

Can you elaborate on how one can minimize or avoid slippage when trading on Uniswap? Given the volatile nature of cryptocurrencies and the impact of large trades on the market, understanding effective strategies to manage slippage becomes crucial for traders. Are there specific settings or tactics traders can utilize to ensure their trades execute closer to their intended prices? Furthermore, what are the key factors that contribute to slippage, and how can traders assess the potential risk of slippage before executing a trade?