Trailing Stop

Glossary‎ > ‎

Try an absolutely free of obligation - True ECN cTrader Demo Trading Account

A Trailing Stop is a variable Stop Order or Stop Loss Order and is designed to protect gains.
A Trailing Stop is a type of Stop Order applied to an Open Position.
A Trailing Stop can be set in pips, dollar amount or percentage.
An Open Position with a Trailing Stop will remain open and continue to profit unless the price change direction against us with a greater value than the trailing stop was set.
Trailing Stop orders are very used by the professional traders.