A take-profit order is used to close a position automatically if your goal for the trade has been reached. This can help secure gains and make sure not to lose them.
When you place a take-profit order you determine a price, at which you wish to sell the position to secure a predetermined potential gain. If the market reaches the price, the position will be sold automatically and the gains are secured.
To add a take-profit order to a trade ticket, click Add Take profit / Stop loss >Click Take profit > Choose a Unit (e.g. Price) > Determine your preferred take-profit level at which you want to sell automatically.
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* Take profit is available on all platforms, but can only be added to existing positions in SaxoInvestor |