Glossary‎ > ‎

Take Profit

Take Profit is the exact rate where to close out an existing open position in order to achieve the dollar profit or pips profit.
Take Profit is an order used by traders to automatically close their position once a certain profit has been made.
Take Profit or Profit Target are the same thing.
TP or T/P is short name for Take Profit.
Pending orders could be placed with Take Profit.

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