Jul 7, 2022
Suppose a trader goes long i.e. he is entering a buy position by placing a trade at 12.280, expecting the price to reach higher. Now, he wants to benefit from the rising market trend. So, here he places a Take Profit order at a level higher than his entry price, say at 13.280. If the asset price hits the predefined Take Profit price, the position will be closed and the profits are locked in.