What is Take Profit Order?

A Take Profit order is a type of order set together with Market Execution or Pending orders. It is used to place profit targets once the price level reaches a target price. Take Profit orders are executed automatically. This review deals with Take Profit orders and teaches you to place them on different platforms, use them in various trading systems, including complex instruments like trading CFDs, and calculate their levels.   Basics of a Take-Profit Order There is Take Profit definition: Take Profit (ТР) is a pending order that directs the broker to close a position once the asset's value... Read full author’s opinion and review in blog of #LiteFinance