A Take-profit option on your orders helps with consolidating your gains from trading. This condition is available for Market and Limit orders with a preselected 'Stop' condition — a condition that ensures that your order will be placed as soon as the price reaches a certain value, called the Trigger price.
A Take-profit option places your order as soon, as the Trigger price reaches the value that was entered when creating the order. Let's provide an example for it:
- you have purchased a BTC/USDT contract at a price of 1000 USDT
- the profit level that suits you is 30%
In that case you need to set your Trigger price for a Take-profit order at 1300 USDT, and if that Trigger price is reached, an order is created automatically, selling your contract and bringing you the aforementioned profit.
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