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What is a Take Profit - Definition | Forex Dictionary

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Full Trader
(@fulltrader)
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Joined: 2 year aug
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A take profit is an order that automatically closes your trade when price reaches the profit target you have set. It lets you lock in gains without having to watch the chart constantly.

Why it matters: together with the stop loss, the take profit defines the risk to reward ratio of your trade. A good ratio is the key to being profitable in the long run.



   
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