InvestorWords.com

take profit order


Definition

Order that tells currency traders when to close out their current position to achieve a profit based on the exact rate or number of pips from the current price point. Currency traders who use a take profit order are able to secure profits to limit losses if the direction of the market shifts.


Related Videos




Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z