How to Set Up and Use Forex Trailing Stop: Step-by-Step Guide
This can force you to sell at a lower price than you anticipated, resulting in a loss. To start using this stop-loss order type, you should set a specific number of points or a percentage distance from the initial price. When the market price hits your trailing stop, the stop-loss order will be triggered, and your transaction will be terminated. Trailing stop losses are a formidable tool for risk management, yet they might not be the ideal choice in...
