What is Take-profit?
Take-profit: An order that closes your position automatically when the price reaches the profit target you set.
More terms
- Stop out
- The automatic closing of your losing positions when your margin level reaches the minimum, set at 50% for retail clients in Europe, the UK a...
- Stop-loss
- An order that closes your position automatically at a price you set in advance, limiting your loss if the market moves against you.
- Swap
- An amount charged or paid when you hold a position past the end of the trading day, reflecting the interest-rate difference between the two...
- Volatility
- How fast and how far an instrument's price moves over a period; high volatility means bigger opportunities and bigger risks.