Always Set A Take Profit

Take Profit: What Is It & Why Is It Important?

A Take Profit (TP) is an order you give to your broker, to automatically close your trade when your profit reaches your specified amount.

A Take Profit helps you to remove emotions like greed from your exit strategy, so that you don’t have to think before you exit a trade. It also helps you to multitask, so you can be doing other things (such as house chores) while trading.

How To Set Take Profit

To set a Take Profit, open the “new order” tab. Proceed to enter your TP price/pips/amount.