Take Profit is a feature that automatically closes a position with a profit by executing the order when the market price reaches a predetermined level set at the time of entering the position.
Take Profit can increase the potential for profitable closing of positions when trading in the market and can be used as an effective risk management strategy that helps to avoid volatile market conditions.
For example, if you set a Take Profit level to close a position at $60 when entering a position at $50, the position will be automatically sold with the order placed when the market price reaches $60, resulting in a profit of $10.
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