What is take profit order? Back to list

Member SinceJul 08, 2021

Posts 526

Sterling

May 24, 2022 a 12:19
The take profit order instructs your forex broker to cancel the deal instantly when it reaches a predetermined point in the desired direction. Because the price may rapidly reverse, you must create a take profit value to automatically grab the profit before it reverses. Because this order is commonly used with a stop-loss order, the risk to reward ratio is the ratio of the number of take profit pips to the number of stop-loss pips.

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