In this class, we take a look at what is a trailing stop loss and how to apply it to a trade

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A trailing stop loss is part of risk and money management, as it can help prevent winning trades from turning to losing trades or even blowing an account

Once you have a trade going in your direction it’s very common to get carried away and think you will make millions on the market, because markets fluctuate up and down all the time. It’s easy for a winning trade to turn into a losing trade

Applying a trailing stop loss can help prevent that from happening, when you apply a trailing stop loss you basically giving your trading software instructions to close the trade after it has reached a reversal of the Specified amount.

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