Take profit / profit target

    0
    176

    This post is also available in: German Russian

    Profit target

    take profit is the amount of money you intend to make in a trade. In your order, you specify a price at which you will close your trade. The take profit is also often called “profit target”.

    Take profits are an important part of order management, as it helps you to automatically exit the marketWhat are value stocks? A value company is a company that app... More at the priceWhat are value stocks? A value company is a company that app... More you plan to — even if you are not watching your screen at the time the priceWhat is price? The price is the measure of the value of goo... More is reached.

    Learn more about setting the right profit target:

    In the forex beginner strategy, the profit target is set in the 3rd step.

    Setting take profits in MetaTrader 4

    MetaTrader 4 (MT4) is the most popular trading software. Most of the partner broker of tradimo offer it for free to their traders. Read our tutorial on how to take profit in MT4: