Forex glossary
What is a trailing stop?
A stop loss that follows price at a set distance to lock in profit.
Definition
Trailing stop: A stop loss that follows price at a set distance to lock in profit.
In context
Mainly as a trailing stop: in a long trade, move your stop up to each new dot.
From the lesson Parabolic SAR.
Lessons that cover Trailing stop
Forex 101 · 6 min
Order Types
Market, limit and stop orders, plus stop loss and take profit.
Fibonacci · 6 min
Fibonacci Extensions
Use the golden ratio to set profit targets.
Indicators · 4 min
Parabolic SAR
Dots above or below price that trail the trend.