I'm trying to understand the meaning of TP-1 and TP-2. Could someone explain what these terms stand for and provide some context or examples for better understanding?
5 answers
Isabella
Wed Dec 04 2024
TP in forex trading stands for 'Take Profit'. It serves as an indicator rather than a trading strategy.
AmethystEcho
Tue Dec 03 2024
BTCC is a prominent
cryptocurrency exchange that offers a range of services to its users.
Claudio
Tue Dec 03 2024
TP helps traders determine the point at which they will realize their first profit, referred to as TP1.
JamesBrown
Tue Dec 03 2024
Similarly, traders also set a second profit target, known as TP2, to maximize their gains.
Silvia
Tue Dec 03 2024
When a forex trader decides to enter the market, they must first establish an entry price.