What is a take profit order?
A take profit order automatically closes an open trade when the price reaches a specified threshold. Take profit orders are used to lock in profits when you are unavailable to monitor your open trades.
For example, if you are long Company XYZ at 109.58 and you want to take your profit when the price reaches 110.00, you can set this price as your take profit threshold. If the bid price reaches 110.00, the open trade is closed by the system and your profit is secured.