Forex trading has been a popular investment option for a long time. With the advent of mobile devices, traders can now access the forex market on the go. There are various forex trading platforms available for mobile devices, but not all of them offer the trailing stop feature. A trailing stop is a type of stop-loss order that allows traders to protect their profits while also minimizing their losses. In this article, we will discuss the mobile device that has a forex platform with a trailing stop.
MetaTrader 4 (MT4) is the most popular forex trading platform in the world, and it is available for mobile devices. It is a free mobile application that can be downloaded from the Apple App Store and Google Play Store. MetaTrader 4 is a powerful platform that offers a wide range of tools and features to help traders make informed trading decisions. One of the key features of MT4 is the trailing stop.
The trailing stop feature in MT4 allows traders to set a stop-loss order that moves with the market price. For example, if a trader enters a long position on a currency pair at 1.1000 and sets a trailing stop of 50 pips, the stop-loss order will move up as the price of the currency pair rises. If the price of the currency pair falls by 50 pips, the stop-loss order will be triggered, and the trader will exit the trade.
The trailing stop feature in MT4 is a valuable tool for traders as it allows them to protect their profits while also minimizing their losses. Traders can set the trailing stop to a specific distance from the current market price, and the stop-loss order will move up or down as the market price moves. This means that if the market price moves in favor of the trader, the stop-loss order will move up, which will lock in the profits. If the market price moves against the trader, the stop-loss order will be triggered, and the trader will exit the trade with a minimized loss.
MT4 is a popular forex trading platform because it is easy to use and has a wide range of tools and features. It also has a large user community, which means that traders can find a lot of support and resources online. MT4 is available for both iOS and Android devices, which means that traders can access the platform on their smartphones or tablets.
In conclusion, MetaTrader 4 is the mobile device that has a forex platform with a trailing stop. The trailing stop feature is a valuable tool for traders as it allows them to protect their profits while also minimizing their losses. MT4 is a popular forex trading platform that is available for both iOS and Android devices. Traders can download the MT4 mobile application from the Apple App Store and Google Play Store for free. With MT4, traders can access the forex market on the go and make informed trading decisions using a wide range of tools and features.
