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Forex question What is the meaning of trailing stop?
avatar Mymelody
Question by: Samanthar - 15 Mar 2017, 07:11:27
What is the meaning of trailing stop?
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Answers (1)
avatar user 12105
Answer by: Joseph - 15 Mar 2017, 07:13:15

A trailing stop is an order to buy or sell a security if it moves in an unfavorable direction. Trailing stops automatically adjust to the current market price of a stock, providing the investor with greater flexibility to profit, or limit a loss.

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