A "Take Profit" order is a trading tool used to automatically close a position when the price reaches a specified level of profit. This helps traders secure gains without needing to monitor the market constantly. By setting a take profit point, traders can ensure they lock in profits before market conditions change. This strategy is commonly used in various financial markets, including stocks, forex, and cryptocurrencies. It allows traders to manage risk effectively and maintain a disciplined approach to trading, as it removes emotional decision-making when it comes to exiting a position.