What is take profit?

A Take Profit (TP) is an instruction to close a trade at a specific rate if the market rises, to ensure your profit is realized and goes to your available balance. Note, take profit orders are not available on stocks in the US.

What is the right take-profit?

The right TP is a TP set according to your trading strategy but allowing for the levels of orders accumulation and round price levels. It works fine in practice even if you open a trade of the wrong direction. We have determined what the right take-profit is. Now let’s learn where to set it.

What is a take-profit order - T/P?

Take-Profit Order - T/P. What is a Take-Profit Order - T/P. A take-profit order (T/P) is a type of limit order that specifies the exact price at which to close out an open position for a profit. Basics of a Take-Profit Order - T/P. Most traders use take-profit orders in conjunction with stop-loss orders (S/L) to manage their open positions.

What is take profit in exchange trading?

In exchange trading, it is an order, with the help of which a trader wants to register a profit. This is the main goal and intended purpose of a take profit. Quite often ‘take profit’ and ‘goal’ are used as synonyms in trading. What is profit registration on the exchange? In simple words, it is an exit from the current profitable trade.