What is a moving stop-loss order?

Moving stop-loss orders are used to limit risk while also locking in some profit in a trade.

If you are long EUR/USD at 1.1740 and want to limit your risk while locking in some profits, you can place a moving STOP order after opening THE position.

When the price of EUR/USD rises, the moving stop-loss order will move up with the points you set.

If the price rises to 1.1790, the moving stop-loss order will continue to move up with the market price, ensuring that the current profit is protected, and will automatically unwind the position in the event of a sudden market decline.