FA 0037 What Is A Take Profit

Welcome to episode 37 of the Forex Answers podcast. If you are new to Forex trading, this is a great resource for you to start learning about Forex. Each episode is going to cover one brand new question. And our podcast is 7 days a week.

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In today's episode, we cover take profits, and we analyze whether they are a good tool to use for exiting positions.

 

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IN THIS Episode:

  • A tool Forex traders can use to exit trades
     
  • What a take profit is
     
  • Why I say all traders should use take profits
     
  • Why take profits are better than closing out trades manually
     
  • How you can get a question on the show (we want your questions, please send them in)
     
  • What I've witnessed both personally and from others when deciding to exit trades manually
     
  • The one thing which would make not having a take profit a bit foolish
     

RESOURCES, LINKS & Tips MENTIONED IN THe episode:

 

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The VintagEducation Team