{"id":17495,"date":"2019-09-04T08:07:25","date_gmt":"2019-09-04T07:07:25","guid":{"rendered":"https:\/\/traders-paradise.com\/?p=17495"},"modified":"2020-07-07T15:20:48","modified_gmt":"2020-07-07T14:20:48","slug":"take-profit-order","status":"publish","type":"post","link":"https:\/\/traders-paradise.com\/magazine\/2019\/09\/take-profit-order\/","title":{"rendered":"Take Profit Order – Limit Your Risk"},"content":{"rendered":"

3 min read<\/em><\/p>\n

\"Take<\/p>\n

Take Profit order or shorter TP is extremely essential element in all tradings. How to place the Take profit order? The question of how to place stop-loss order is one and those two are related and connected.
\n<\/span>So we have to make some distinctions.<\/span><\/p>\n

Stop-loss order linked to the risk when you take a position.<\/span><\/p>\n

Take profit is related to the gain for your open position.<\/span><\/p>\n

Both of these elements form what we call – money management. <\/span>We told you about Stop-Loss in the prior posts. In case you missed it, you can read it <\/span>HERE<\/span><\/a> or <\/span>HERE<\/span><\/a>.<\/span><\/p>\n

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