Trading forex with trailing stops

[Rambo35]

Trailing stops are a more advanced type of stop loss orders that can reduce the risk on your trade as the trade progresses. It does this by adjusting itself to a more favorable rate as a trade moves in a trader’s favor. The basic function of the trailing stop is to increase your profit lock as the market moves without the need for you to intervene and adjust. This allows you to follow trends with a safety you are comfortable with and you don't have to monitor constantly.

 

[fxapex]

Exactly stop loss is a very important tool in forex trading , specially for new traders, it plays a important role , when your bet moves in a downward trend.

 

[nalu]

The use of stop loss helps limit loss. A stop loss gives you opportunity to trade without need of monitoring the market and reduce forex trading stress. It is being used by most traders to lock profits.