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?

Papyri PCZ I 59021, which dates back to 259/8 B.C., shows the exchange of coinage in ancient Egypt.

Word of the day
"Liquidate" - To close an open position so as to take the resulting profits or limit further losses.
Pro Tip

Most market activity occurs when at least two market centres are open at the same time.