November 14, 2019

Tag: forex order

Take-Profit Order: Forex Orders for beginners

LQDFX news: Take-Profit Order: Forex Orders for beginners

“Take-profit” or T/P order closes your trade when it reaches a predetermined monetary amount (profit) to exit the transaction. All the trader has to do is to place a take-profit order at an exchange rate higher than the purchase rate. Let’s try to define whether there is some key level that would make a logical take-profit point.