take profit order (T/P)
An instruction given to a broker to close out an existing position for a net gain. Experienced forex traders will often place a take profit order (T/P) and a stop loss order (S/L) with their broker whenever they enter a position, especially when they are not able to watch the market themselves. longs are closed with a sell take profit order, while shorts are closed with a buy take profit order.
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take profit order (T/P)
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