| Trailing Stop Loss |
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Forex Companies that offer "Trailing Stop Loss" capability. This is an advanced risk management tool that automatically moves a Stop-Loss order in line with the market at a specified point difference from the market.
e.g. You sell EURUSD at 1.2000 and place a Trailing Stop Loss at 1.2050.
If the market moves in your favour and EURUSD goes down to 1.1820, your Stop Loss order will trail the market (in this case by 50 points) and move to 1.1870.
If EURUSD then starts to rise, your Trailing Stop will remain at 1.1870. |
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