FIXED STOP VALUE
Fixed Stop Value represents the dollar distance between the entry price and stop price, focusing solely on the price difference rather than factoring in position size.
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Take profit is an order placed to close a trade once an asset reaches a predetermined price, securing profits at a specific level. In trading, take profit orders help traders lock in gains before market conditions reverse. It is a risk management tool that allows traders to automate profit-taking and avoid emotional decision-making. Traders use take profit in conjunction with stop loss orders to set clear exit points, ensuring disciplined and systematic trading while managing potential market volatility.