Unlike Guaranteed Stops, however, Non-Guaranteed Stops can be added to - and removed from - open positions at any point, not just on opening a trade. Their level can also be moved while the position is open, regardless of whether the underlying market is open or closed at the time. And they are free of charge.
FlexibilityNon-Guaranteed Stops provide the flexibility to alter your trading strategy on open positions, as the market moves.
You could add a Stop order to limit your risk of losses while you take your eye off the market for some time, or increase the level of your Stop order if the market has moved in your favour, for instance.