A Take profit (TP) is an order that you tell or send to your broker, informing them to close your position or trade when the price reaches a specified price level in profit. Stop-loss (SL) is a trade order to sell a currency when the price reaches or falls below the specified price. This is used to limit loss, usually when the trader cannot actively monitor the price.
What is a Stop Loss and Take Profit? Print
Modified on: Sat, 10 Jul, 2021 at 12:23 AM
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