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South AfricaWhat is a trailing stop loss?
A trailing stop loss automatically moves your stop-loss order along with market price shifts in your favor, locking in profits. For example, a 20-pip trailing stop will stay 20 pips behind the highest price reached. If the market reverses by 20 pips, the trade closes.
Answer
A trailing stop loss automatically moves your stop-loss order along with market price shifts in your favor, locking in profits. For example, a 20-pip trailing stop will stay 20 pips behind the highest price reached. If the market reverses by 20 pips, the trade closes.
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