Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?
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Trailing Stops works just fine for beginning to intermediate traders who want to protect a profit.
Professional says : " let a winner run as long as possible ".
Are you still using trailing stops in your trading technique?
trailing stop is a very good options in forex..we can not find this kind of options in other trading business.
with the help of we can lock our profit and after setting trailing stop there is no need to take more tension about trade.
i use trailing stop but in only one condition. if my profit is more than 200pips then i set trailing stop of 50pips.
yes,trailing stop should be used only in trending markets where the price movements are going in a same direction and not in market where it is ranging because the value of the trailing stop can get triggered easily.and it is never recommended for scalpers to use trailing stop.
friend requotes problem come when every we see very high movement in market. this is most of the news time.
i think its one more use of trailing stop. in high market movement we can not set stop loss and take profit so trailing stop is a good way.
trailing stop will help to close our position with some no. of pips.
wese main es k barey main itna nahi sona or ager ye stop loss se related ha to phr waqai karaamad cheez ho gi kioun k stop loss waqai ap ko margin call or high loss se bacha sakta ha to ye bhi app ko aese he loss se bachata ho ga may be ager koi or information ho to zaror share karna plz
trailing stop is very useful if we're in a state of floating profit target but we're not yet been reached so as to save the profit that we should have obtained the key by using a trailing stop.
you can say that trailing stop is like stop loss but its different with stop loss.
if we set stop loss then it value will fixed there is no change while market will move in any direction. but if we talk about trailing stop then the stop loss value change in auto if the price move in your trader direction. if price move oppostie to your trade then the value is fixed.
yes trailing stop is a good way to maximise the profit. i use it quite often. i am not able to be in front of the trading platform all the time so i set a trail stop to my winning positions before leaving the platform and many times it gave me handsome profits