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Forex question Why I have place a take profit order and was triggered with loss?
avatar Mymelody
Question by: Samanthar - 23 Jan 2017, 04:55:20
Why I have place a take profit order and was triggered with loss?
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Answers (1)
avatar user 11751
Answer by: Joseph - 23 Jan 2017, 04:57:21

Please be aware that when Take Profit is set on a long position, it's placed above the prevailing market price. As a result, if you place a Take Profit order after you open a position when it is already making a loss, the take profit will act as a stop loss and your position will be closed with a loss.

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