ICMarkets will dig into the use of trailing stop losses during a webinar titled "The Definitive Guide to Trailing Stop Loss" on Tuesday, 8th November.

After holding a webinar entitled How to Trade Commodity During Winter, ICMarkets held another webinar discussing trailing stop loss. A trailing stop loss is a type of order to help traders lock in profits while protecting against losing trades by limiting the amount that will be lost if the trade is unsuccessful. However, this tool does not limit the profit potential if the trade is in your favor.

See Also: ICMarkets Review

Unfortunately, a trailing stop loss order can get you out of a trade too quickly, such as when the price only retreats slightly and doesn't actually reverse. To try to prevent that scenario from happening, trailing stops are usually placed at a distance from the current price that you don't expect to reach unless the market changes its direction.

icmarkets

In order to clarify the intricacies of using trailing stop loss, you can join the webinar entitled The Definitive Guide to Trailing Stop Loss organized by ICMarkets on Tuesday, November 8, 2022 at 16:30 - 17:30 ICT. The webinar will be hosted by market analyst Chen Yongjin to discuss matters around:

  • Types of trailing stop losses?
  • Effectiveness of trailing stop loss when playing a breakout
  • Which trailing stop loss is the best?