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What is Take Profit

RobSchiz
May 30 at 08:30
242 Posts
Every new trader should gather proper knowledge.

LukeRachel
May 31 at 01:13
210 Posts
If I do not use take profit, I will not be able to trade according to my analysis. And to maintain the risk ratio, I must select the profit target.

AliaDare
Jun 02 at 16:42
525 Posts
After trading analysis, professional traders use stop loss and take profit to manage the risk ratio. It has a 1: 2 risk ratio set. Trading in this way increases the profit percentage.

SteveHanks
Jun 02 at 19:13
235 Posts
AliaDare posted:
After trading analysis, professional traders use stop loss and take profit to manage the risk ratio. It has a 1: 2 risk ratio set. Trading in this way increases the profit percentage.

I agree with you. 1:2 is the best ratio.

Tremblay
Jun 06 at 09:47
330 Posts
RobSchiz posted:
Every new trader should gather proper knowledge.

Yes. Without the proper knowledge, no trader can make money from this market.

LyudmilLukanov
Jun 06 at 13:00
461 Posts
It is an order type that closes your trade upon hitting your profit target.

CharmaineDizon (CharmaineDizon)
Jun 06 at 15:59
5 Posts
This is the price that you set in your open trade/s so that your broker will automatically close said trade/s once said price/s is/are hit. The purpose of this is so that you won't need to monitor your charts just to realize your gains/profits.

“Don’t be afraid to give up the good to go for the great.” – John D. Rockefeller
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