CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
A Trailing Stop is an Associated Pending Order that sets a dynamic 'Stop Loss' order at a specified distance from the current price. It is designed to track the market movement of a particular instrument. If the price moves in the desired direction, the Trailing Stop will automatically adjust to maintain the initially set distance from the price.
When the price moves against your position, the Trailing Stop remains unchanged until the price either reverses and moves in a favourable direction or continues to decline until the Stop Loss order is triggered.
Please note that the Trailing Stop feature is not available on the Invest/ISA platforms.
How to set a Trailing Stop? 🧐
- Click on your open position.
- Choose the Profit/Loss tab.
- Activate the Trailing Stop order and define your desired distance.
How to view your current Trailing Stop?
- Tap on your open position.
- Select the Info tab.
- Scroll down to find the Trailing Stop field and view the current stop level.