Hi
I am a Newbie and would like some help.
If I went long, say, on the GBP/USD at 1.59000 and set a trailing stop loss of 50 pips, what happens if the price rises to say 1.59040 and then falls to 1.58000. Do I effectively have no stop-loss in place?
I am a Newbie and would like some help.
If I went long, say, on the GBP/USD at 1.59000 and set a trailing stop loss of 50 pips, what happens if the price rises to say 1.59040 and then falls to 1.58000. Do I effectively have no stop-loss in place?