Forex glossary
What is a take profit?
An order that closes a trade at a set profit.
Definition
Take profit: An order that closes a trade at a set profit.
In context
In an ascending channel, buy near the lower line and take profit near the upper line.
From the lesson Channels.
Lessons that cover Take profit
Forex 101 · 6 min
Order Types
Market, limit and stop orders, plus stop loss and take profit.
Forex 101 · 6 min
Your First Demo Trade
A step-by-step practice trade, done the professional way.
Support & Resistance · 4 min
Channels
Two parallel lines that turn a trend into a highway.