DimitriK
02 Aug 2013, 18:04

Trailing stop loss and move stop loss to break even

Hi Mainie

A Trailing Stop Loss is a stop which follows the price a certain distance of pips that you set, instead of you manually moving your stop.

Break Even means that you cannot lose any money from a trade because you moved your stop loss to the point that you opened the trade plus the spread, so that even if your stop is hit you don't lose any money.

Now that you understand what a trailing stop is and what break even is, I think that the answer to your question is self explanatory.