Definition of Take Profit (TP)
An order placed to automatically close a profitable trade at a predetermined price level, securing the gain. Take profit orders ensure you lock in profits without needing to monitor the trade constantly.
At a glance
Term
Take Profit (TP)
URL slug
take-profit-tp
Category
Orders & execution
Short answer
An order placed to automatically close a profitable trade at a predetermined price level, securing the gain.
Deep dives
/blog/how-to-set-stop-loss-take-profit-forex/, /tools/lot-calculator/, /blog/forex-risk-management-guide/
Example
Example: a buy limit below market does not guarantee a fill if price never prints at your limit. Choose “Take Profit (TP)” based on price priority versus fill priority.
Common mistake
Common mistake: using “Take Profit (TP)” as loose slang while your broker/platform specification defines it more narrowly.
Professional tip
Tip: bookmark this “Take Profit (TP)” page and reopen it when reading broker specs so definitions stay consistent.
Related deep dives
Practice tools:
Related terms
FAQ
An order placed to automatically close a profitable trade at a predetermined price level, securing the gain.
Order type and fill behaviour around “Take Profit (TP)” decide whether entries and stops execute near the price you planned.
Common mistake: using “Take Profit (TP)” as loose slang while your broker/platform specification defines it more narrowly.