As you can tell I am fairly new to this game. For the most part, I know all the basics, but I need a little help with trailing stops. Any help would be great!
1.) I place a market buy.
2.) Then place a stop loss sell 10 pips below my buy with a 10 pip trailing stop.
How does the trailing stop move. Does it wait for the current price to move up 10 pips with it then jumping up 10 pips as well. Also, Does the trailing stop move only by increments of 10 pips or pip by pip?