01 / What you'll learnA take profit is an order setting intended to close at a chosen favorable level.
EntryPrice moves upTake ProfitTrade closes
Take Profit$2,620
Potential gain area
Entry$2,600
Price
Potential loss area
Stop Loss$2,590
↕ if price moves in the direction of the positionA planned exit helps you understand the whole order, not only its entry.
06 / Explain it simplyWhat is Take Profit?
A take profit is an order setting intended to close at a chosen favorable level.
07 / Everyday exampleA position opened at $100 may have a take-profit level near $105. The price still needs to reach the level and execute.
08 / MT5 exampleTake Profit can be entered on the order ticket or added to an open position.
DEMO ACCOUNTWhat is Take Profit?
Practice with Virtual money. No live order is required.
- 1Open your demo account
- 2Choose a symbol
- 3Open the order window
- 4Find the relevant field
- 5Enter a practice value
- 6Review before submitting
09 / Key takeaways- It defines a planned exit level.
- It is not a promise that price will reach it.
- Plan the loss side as well as the gain side.
10 / Common mistakeUsing a take profit without understanding the possible loss or costs.
Mini quizWhat does Take Profit try to do?
Quiz progress is saved with this lesson when you mark it complete.