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Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 85.9% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please click here to read our full Risk Warning.

85.9% of retail investor accounts lose money when trading CFDs with this provider.

Zero commission fees for trading any crypto CFD

  • 0% commission fee
  • 0% swap for overnight positions
  • 0% commission for deposits
  • Tight spreads apply.

85.9% of retail investor accounts lose money

Available for retail clients on the Libertex Trading Platform

0% commission fee for any crypto CFD

Lesson 4. What Is Take Profit?

Take Profit is a pending order that helps to automatically lock in your trading profit.

If you have no time to monitor the price movements, or if the price fluctuates too quickly, all you need to do is set your profit target, and then you can leave the platform and engage in other activities. As soon as the price reaches the level you have set, the trade will close automatically, and the profit will be credited to your account.

Here is an example of how to place a Take Profit order:

For example. You open a buy trade on EUR/USD for €1,000
As you open your trade, go to Take Profit/ Stop Loss
In the Profit field, enter the desired amount.
According to money management rules, your Take Profit should be 1.5 times higher than your Stop Loss. In our case, Stop Loss was €100, hence, Take Profit will be €150
You’re done. When your profit reaches €150, the trade will close automatically, and the money will be instantly credited to your account.