Vincent Nyagaka

In forex trading, the term “breakeven” refers to a specific point at which a trade neither makes a profit nor incurs a loss. It is the level at which the total gains equal the total losses, resulting in a net neutral outcome. Traders often use the breakeven point as a reference to manage risk and […]

In trading, TP  is a short form of ‘Take Profit’. It is not a strategy that you can trade but it indicates the price where you will be taking your first profit (TP1) your second profit (TP2) and your third  (TP3). If you are a trader you have come across the terms “TP1” “TP2” and