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Forex question What is Take Profit order?
avatar Catkathy
Question by: Joseph - 19 Sep 2016, 07:11:08
What is Take Profit order?
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Answers (1)
avatar user 10817
Answer by: Samanthar - 19 Sep 2016, 07:16:05

A take profit order is used to lock in profits if the market moves in your favour. If the price reaches a take profit level, the position will be closed automatically.

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