Abdulllah1992
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Trailing Stop: Your secret weapon to protect profits without monitoring the market!
What is Trailing Stop?
The trailing stop tool is a smart trading instrument that helps you secure your profits and automatically reduce losses. This mechanism works by adjusting the stop loss so that it moves with the price in the direction you want, but does not move backward.
In other words, if the price is rising, the stop loss rises with it, and if the price starts to drop, the stop loss remains at the last point reached and does not move down.
The trailing stop tool is a smart trading instrument that helps you secure your profits and automatically reduce losses. This mechanism works by adjusting the stop loss so that it moves with the price in the direction you want, but does not move backward.
In other words, if the price is rising, the stop loss rises with it, and if the price starts to drop, the stop loss remains at the last point reached and does not move down.
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