Foreign Currency Trading Take Profit Orders
You can also make a "take profit order" where the position is liquidated upon reaching a certain profit. With stop loss orders you don’t have to constantly monitor your charts using currency trading technical analysis, and can get away from the computer screen without worrying you will lose all of your funds. Some trading sites place take profit orders as a type of currency trading stop order, because similar to stop orders they help protect the investment.
Posted by Greg Paster