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Take Profit Order
A take profit order is an instruction designed to reduce or close a profitable position when specified price conditions are reached. Depending on the platform, it may execute as a market or limit order after being triggered.
Why it matters to you
Planning an exit before entering a trade helps separate the trading decision from emotions that can appear once money is at risk. Traders should still understand the execution method being used because reaching a take profit trigger does not necessarily guarantee an exact fill price.
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