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Do You Use Trailing Stop?


myregister

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Want to secure your profit? Well you can use stop loss and also trailing stop is a good idea. Imagine this scenario where your profit is at 500 pips but your TP is at 700 pips. If you set trailing stop for 200 pips, your SL move towards 300 pips securing the profit. This is a breeze and it is automatically happened without your intervention at all.

 

Catching that kind of move will be quite difficult. It is what swing traders will target and not every swing trader. For this kind of profit to achieve a trader also need to have a good understanding of fundamentals. Not my piece of cake. lol

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