I always use a trailing stop, I think it's the only way, allowing us to protect our profits, while enjoying the trend.

It is strongly recommended that you use stop loss orders to limit losses.

Originally posted by FXlord

I always use a trailing stop, I think it's the only way, allowing us to protect our profits, while enjoying the trend.

It is strongly recommended that you use stop loss orders to limit losses.

 

Yes it is true that if you still want to ride the trend and feel you can continue and make some more profits and at the same time want to protect the existing profits too it is the best option to use trailing stop loss. Stop losses are used to minimize and reduce your risks and losses. 

it helps us to stop losses can calculate the value of loss in trading.and the trailing stop to protect profits that we get if prices reboundedquickly directions. both are very useful to help us in the trade

I think if depend on the trade it we get half of our target than its better to appyly trailling stop and if our trade is just at initial stage than we must mange that with stop loss becaue the minimum that we can apply is 15 pips trailling stop and for implemetation atleast we book 50 pips first than we use this tool otherwise stop loss is the best option available.

Trailing stops... might as well be stopped out - you haven't set a proper TP if you are using them.  The market always retests the top deliberately to knock them out.  Trailing a stop by 30-50 pips you may as well be throwing those 30-50 away.

Basically we use stop loss to limit of losses. At the time of trade we dicide the risk that we take and on that behalf we decide to apply stop loss and when we apply it our did not go beyond that point even we left the trading terminal.

While traders use trailing stop to save their winings and to enhance earning its use is better when a trader get more than 50 pips becasue at that point if a traer apply traiolling stop and market goes up it will go up.

Some traders call trailling stop a moving stop loss.

The market tends to move back and forth more than 50 pips - setting a trailing stop behind the last major support/resistance makes more sense.

Stop loss is really good but i am not using it since a long time because i suffered a loss just because of it and i think it would be better to trade without any and be more profitable .