Project Forex & Brokerage 5BKP24RS6NCR
Stop Loss Profit Target position
Buy (Long) Higher than Open Price (based on bid prices) Lower of Open Price (based on bid price)
Sell (Short) Lower of Open Price (based on the ask price) Higher than Open Price (based on the ask price)
Trailing Stop is a facility provided by the forex broker that can change the stop loss to lock in profits automatically in multiples of a certain amount. Trailing Stop is the development of stop loss.
Trailing Stop is generally only works when the trader's position PROFIT HAS MORE THAN THE MINIMUM VALUE OF CERTAIN predetermined broker (eg minimum 15 points). (IMPORTANT: Generally trailing stop running locally on your computer, not on the broker server! If your computer is off, trailing stop also become inactive)
So if you do not profit more than the minimum amount you set a trailing stop, that his position is still DANGEROUS (unless you have used a stop loss). So you should set a stop loss first, then if necessary you can add features trailing stop as a complement. By using this feature you will avoid profit loss if you have exceeded the minimum trailing stop.
Example:
Buy EUR / USD 1.2050, 1.2000 Stop Loss, Trailing Stop 15 points.
If the BID is now located at 1.2070 (had profit of 20 points) then the trailing stop will adjust stop loss to 1.2055 price (20 points minus 15 points profit, ie profit +5 points). That means your profits have been locked by 5 points (on the new position of stop loss is at 1.2055).
Point A: And if the price were to move down to 1.2055 then it will automatically be liquidated on a profit of 5 points. This means that you are no longer possible loss because it has been locked.
But if prices do not go down (as per point A) but prices continue to rise from 1.2050 to 1.2095 (had 45 points profit) then the trailing stop will adjust stop loss to 1.2080 price (45 points minus 15 points profit, ie profit +30 points). That means your profits have been locked by 30 points (on the new position of stop loss is at 1.2080).
Margin Call
Margin call means liquidation is "forced" by the broker because your account does not have sufficient funds to cover / cover your positions are losers.
The basis for determining the Margin Call is usually there are 2 (dependent regulation of each broker):
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The pivot-calculator is used to calculate pivot points in order to make the right decision while trading. A pivot point is the price at which the price fluctuation of a currency pair is expected to move into a different direction.
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