How can we help?
Browse the categories below to find what you need.
What is a market order?
What is a pending order?
What is the difference between market and pending orders?
What is a limit order?
What is a stop order?
What is a stop-loss order?
What is a take-profit order?
What is a trailing stop and how does it work?
How do stop-loss and take-profit orders work?
Can I modify or cancel an order after placing it?
How do I place a trade on MT4 or MT5?
How do I close a trade on MT4 or MT5?
Can I close a trade manually?
How do I modify an open position?
What happens when I close a trade?
Can I partially close a trade on MT4 or MT5?
Why was my trade closed automatically?
What is leverage in trading?
What is a trailing stop and how does it work?
A trailing stop is a type of stop-loss that automatically moves with the market price when the trade is in profit.
Instead of staying fixed, the stop-loss follows the price at a set distance. If the market continues in your favor, the stop moves with it. If the market reverses, the trade is closed once the stop level is hit.
Trailing stops are most commonly used to protect profitable positions while allowing a trade to keep running.
undefined