A Take Profit order allows you to specify a price at which your orders will close when the price is moving in a favorable direction. This helps you increase the chances of closing out a position while ensuring a profit. We recommend this type of order for two main strategies:

• As a risk-management tool to ensure a minimum amount of profits on existing positions.
• As an automatic tool to exit the market at the desired entry point without manually waiting for the market to place the order.