FXCM introduced Trailing Stops to their trading station today, which is an extremely useful feature. It helps especially those traders that don't have 24 hours per day to follow their trades.
| Description: You can choose to have your stop-loss orders automatically move up or down when the market moves a given number of points, enabling you to lock-in profits without prematurely closing positions. Having the stop-loss order follow the market -- meaning to have it "trail" the market -- has long been a risk management tactic highly recommended by some of the world's most successful traders. |
Copyright©2004 Gold-Horizons
