Using Trailing Stops to Protect Profits.

[dareking]

hi
I wanna ask you as if it is neccessory to set the stop loss with trailling stop or not, or if we set it then what should be the value of stop loss is it would be the value that we set it with trailling stop? or we may set another value, plzzz reply me as I am so much confused about it.

bhai stop loss aapke uper depend karta hai, ki aap kitna loss afford kar sakte hai, lekin stop loss lagana bhi ek experience hota hai, jo market ko watch karke stop loss lagaya jata hai, trailing stop main use nahi karta hoon.

[Chelsea91]

it is good strategy if you are trading swing and in highly volatile pairs, as it can lower the risk you take in trading as you decrease your stop loss and in the same time it can guarantee part of the profits for you if the market reverses back

[junaidi99]

stop using trailing stop loss is a trading strategy. this is good to maximize profits. I rarely use a trailing stop, I was a bit difficult to determine the ideal distance, 10 pips? 20 pips? This may also depend on the time frame

[Chow.ash]

it is good thinking.if we have set a stop loss and trailing stop in the trade, we've been able to move the stop loss that we've made a profit. while the trailing stop itself serves as a protective advantage that we already get. I think, we do not have to worry anymore if the price touches the trailing stop, because we've made a profit.

[masum910]

There are two advantages which i learn using this trailing method.. effective. If we know how to use it we can even lock it at a profit. and it will definitely benefit the trader. Thanks..................

[runu]

if we get set a plosive sum and down forbid in the dealing, we've been healthy to locomote the terminate diminution that we've prefab a benefit. while the trailing stop itself serves as a prophylactic benefit that we already get. I imagine, we do not get to disorder anymore if the cost touches the trailing plosive, because we've prefabricated a gain

[hichemdz]

It's depends on you , you can use stop loss or use trailing stop loss ,the tow are very useful and can make us avoid the big loss or avoid the margin call ,but trailing stop can be most safe i think.

[sokcool]

set a stop loss and trailing stop in trading is something that must be... set a stop loss is a way to make a profit... triking loss and is used to protect the gains we have...

[halk11]

I think forex is a good job.i prepfer to use trailing stop loss without stop loss, and to overcome unwanted condition then i prepfer to use hedging system or cut loss..Have a nice day.....................................

[malik]

Trailing stop is not my favorite choice, I have tried it many times before, ended up with a bad result, many times the price moves in the opposite direction, then it reverse again in my direction without hitting the original stop loss.
so my opinion it to just use your stop loss, don't even to thing about trailing stop.
Good luck.

If you are a short term trader trailing stop is not of any use for you, because it will eat up your earned pips most of the times so just close the orders manually. If you are a long term trader it may give you some benefits to maximize your profits.