End of Day Order (EOD)
An order to buy or sell a specific asset at a predetermined price, which is kept open until the end of the trading day but cancelled if the asset fails to reach the desired price.
Did you know?
U.S. President Richard Nixon is credited with enabling a free-floating currency system after ending the Bretton Woods Accord.
Word of the day
"Risk Aversion" - The reluctance or unwillingness to take what are considered to be risky positions.
It’s usually better to avoid trading when market activity is low.