Trader's Glossary

Trailing Stop (TS)

A dynamic stop loss order set at a predetermined level away from the current price of an asset. It protects a profitable trade by becoming active and following the market price if it moves in a favourable direction.
Did you know?

Many consider the year 1880 A.D. to mark the beginning of modern foreign exchange. The reason for this is that it was during this year that the gold standard was first introduced.

Word of the day
"Wedge" - A chart pattern that indicates trend reversal.
Pro Tip

Always keep a record of all your transactions.