A take profit is a preset order that closes your position once price reaches your target, securing the gain without needing to watch the market. Used with a stop loss, it defines your risk-to-reward before you enter.
Forex Term
Take Profit
An order that closes a trade automatically to lock in a gain.
Example
Buying at 1.1050 with a take profit at 1.1090 locks in 40 pips if hit.
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Trading Forex and CFDs involves a significant risk of loss.
Risk
Forex and CFD trading involves significant risk of loss and is not suitable for all investors. Leverage can work against you. This content is educational and not financial advice — always do your own research.