Community Forex Questions
What is take profit order?
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.

Add Comment

Add your comment