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What is a take-profit order?

A take-profit order tells the platform to close a trade once the price hits a chosen target. Traders use it to lock in profits, but if the market jumps over that level, the order may not be filled at the exact price.

Related articles

  • What is a stop-loss order?
  • What is slippage?

Articles in this section

  • What is liquidity?
  • What is volatility?
  • What are bid and ask prices?
  • What is a take-profit order?
  • What is a stop-loss order?
  • What is slippage?
  • What is a margin call?
  • What is a spread in trading?
  • What is a pip?
  • What is leverage?
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