Best Trailing Stop Forex Brokers of 2024

Written by BrokerNotes.co

March 14, 2024

Trading Risk Management: Trailing stop

A straight stop loss can be a little inflexible when the market moves. It is usually tied to the price at which you bought the stock. However a trailing stop can adjust automatically to market conditions and their effect on the price of the stock or contract that a trader is holding. The trailing stop is recalculated all the time because it effectively states that if the trade falls a certain percentage below the current market price, it should be closed. This means that if the stock or contract has been rising h2ly, and then starts to fall, you can close the trade out promptly without waiting for it to hit a floor, as with the standard stop loss. For example, suppose you buy at £10.00 and put a 15% trailing stop in place. To begin with, the stop will be triggered if the stock falls to £8.50 (15%). However, with a trailing stop, if the stock goes up to £15.00, the stop will be triggered when the stock falls to £12.75 (15% below £15.00). So trailing stops can help to lock in a profit.

Best Forex Brokers With Trailing Stop Orders

Here are the best forex brokers with trailing stop orders.