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NextTrade

Costs & risk

Take profit

A take profit is an order that closes a position automatically when the price reaches a gain level you set. If the price never gets there, the position stays open.

Also called: TP, take-profit, take profit order, profit target

Hypothetical example

Hypothetically, you buy EUR/USD at 1.1000 with a take profit at 1.1060. If the price rises to 1.1060 the position closes with a 60-pip gain; if it turns down first, the take profit is never reached.

Related terms

Used in these guides

  • Costs & risk8 min read

    Stop loss and take profit

    How stop loss and take profit orders close a position automatically, how to read the distance in pips and money, and their limits.

  • Platforms8 min read

    TradeLocker guide: getting started

    What TradeLocker is, how to reach it through NextTrade, and how to place a first order on a demo account.

  • Platforms8 min read

    MetaTrader 5 guide: getting started

    What MetaTrader 5 is, how to download it and log in with NextTrade, and how to place a first order on a demo account.

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