Forex Trailing Stop Loss

trailing stop
A stop-loss order that follows the prevailing price trend.
A stop-loss level set above or below the current price that adjusts as the price fluctuates. For a long position, a trailing stop would be set below the current price and would rise as the price advances.
A "trailing stop" order is a stop order that moves along with a favorable movement in a security. Trailing sell stop orders will move upward a defined distance as long as the security moves upward. Trailing buy stop orders will move downward a defined distance as long as the security moves downward.

forex
The foreign exchange market (forex, FX, or currency market) is a worldwide decentralized over-the-counter financial market for the trading of currencies.
Foreign exchange
The market in which participants are able to buy, sell, exchange and speculate on currencies. The forex markets is made up of banks, commercial companies, central banks, investment management firms, hedge funds, and retail forex brokers and investors.
The foreign exchange (also known as "forex" or "FX") market is the place where currencies are traded. The overall forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.

loss
gradual decline in amount or activity; "weight loss"; "a serious loss of business"
The fact or process of losing something or someone
The state or feeling of grief when deprived of someone or something of value
An amount of money lost by a business or organization
something that is lost; "the car was a total loss"; "loss of livestock left the rancher bankrupt"
the act of losing someone or something; "everyone expected him to win so his loss was a shock"