Take Profit
ForexDefinition
A take-profit order is an instruction to automatically close a trade when the price reaches a specified profit target. It removes the need to monitor positions constantly and helps investors lock in gains before the market reverses. It is a key tool for disciplined investing.
Example in context
A investor buys EUR/USD at 1.0850 and sets a take-profit order at 1.0950. When the price reaches 1.0950, the position is automatically closed, banking 100 pips profit.
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