The rate at which a dealer is willing to sell a currency.
One Cancels the Other Order (OCO)
A designation for two orders whereby one part of the two orders is executed the other is automatically cancelled.
A deal not yet reversed or settled with a physical payment.
Any of the following situations: 1. Market opening quote Bid is higher than market closing quote Ask 2. Market opening quote Ask is lower than market closing quote Bid.
A request, from a Client to a Broker, that a trade should be made automatically when the exchange rate of the specified currency pair crosses a specified threshold. An order can be placed at a specific price or at the market price.
A trade that remains open until the next business day.
Pending order for the disposal of the trade at a certain price level.
The term used in currency market to represent the smallest incremental move an exchange rate can make. Usually it is the second or fourth decimal point, 0,01 or 0,0001 respectively.
With a low level of supply and demand. Characterized by low liquidity, high spreads and high volatility.
The netted total holdings of a given currency. If the position is open, it is exposed to market risk. If a position is closed, profit/loss has been realized.
Gains exceeding over losses.
The difference between the maximum and minimum price over a given trading session.
Notice of quote changes to the proposed new quotes Transactions.
Lack of risk
Trading with virtual money
Familiarity with RealTrader4
Comprehension of technical analysis basics
Psychological readiness to enter into live trading