Maximizing the Potential of Trailing Stops in Your Trading

The Trailing Stop is a powerful tool on Binance that allows you to protect your profits while following the movement of the market. Unlike the fixed Stop-Loss, the Trailing Stop automatically adjusts the trigger level as the asset price moves in your favor.

How does it work?

You set a percentage or amount that defines how much you want to "follow" the asset price. If the price moves favorably, the Trailing Stop adjusts, ensuring that if the market reverses, your position will be automatically closed to protect your profits.

Key Benefits:

Automation: You don't need to constantly monitor the market.

Profit Protection: Ensures your profits are maintained if the price starts to fall.

The Trailing Stop is ideal for volatile markets like cryptocurrencies, allowing you to take advantage of uptrends without losing sight of the risks.