What is Trailing Stop Loss?
Trailing Stop Loss (TSL) is a Stop Loss order that moves with the market price, as long as the market is moving in your favour.
The TSL keeps the same locked-in pip distance from the current market rate, at a fixed amount of pips above or below the market price (depending on whether the position is SELL or BUY). If the market goes against you, the TSL will not move.
Watch our video on the eToro Academy to find out more: