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Forex Trading What does Take Profit mean?
avatar CarlyRed
Question by: Carly - 29 Oct 2012, 07:27:14
What does Take Profit mean?
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avatar user 674
Answer by: bulletprooof - 30 Oct 2012, 05:26:22

An order meant to close the position once a specified profit has been reached. Take Profit is an order to close a position once a certain value has been reached after a favorable movement.

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