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well bro, for me I personally believe that trailing stop strategy is one that I always use a separately locked ongoing profit. because I can not guarantee that the direction of the market will always be in line with my position. trailing stop is also a good money management, because we have the opportunity to earn large profits with virtually no risk..
yes dear bro, in fact I strongly do think that if you've set your stop loss then no need to use a trailing stop and vice versa, because I think both of these have the same function, wherein the trailing stop is a dynamic version of the stop loss.
of course, personally I think it is true that using trailing stops is very important and useful in protecting the profits in the forex trading system. so stops will cut the trading session with smart income for our life to make successful in the forex markets. and use of the benefits in the system.
of course bro I also agree with you that trailing stop should be used in the trading. speed trading like the Sclping method becuase you will be ready to put the Stop loss in that trading system . so the Scalping there will be the soluation things.
in fact, for me I actually think that its depend upon traders to traders.Mostly new traders use trailing stop as they want hat their all orders should be profitable but pro traders always say get all profits till you want.
a good strategy if we place stop losses and trailing stops on the actual trade. stop losses may help all of us all to reduce the actual risk of loss, and trailing stop to lock on profits helped all of us all which we obtain if worth reverses path quickly. The next instrument is actually serving to all of us all on trade
trailing stop is preferable to stoploss take profit technique. There tend to be 2 benefits that i learn using this particular trailing technique. The actual first is actually trailing is much more simple to make use of, trailing no would like to modified many occasions such as stoploss
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Once I have a trading plan, I follow it. I do not doubt or second-guess my plan. I meditate on my plan and picture myself carrying it out successfully, before I ever enter a trade. I really believe in mental imaging as being an important activity.
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Trailing stop is very essential when you are trading for the long time as when you get good profit then you can move your stop loss as trailing stop loss and take profit target also moved further so that either you can get good profit and you will not lose most of your profit.
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when you trade for the long time then you can move your stop loss above your trade level so that it is called as the trailing stop loss in which you will not get any loss but you book your some of the profit and wait for more profit if the pair again move in the direction of your trade.
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