One Cancels the Other Order (OCO)
A combination of a stop order with a limit order to mitigate risk exposure, whereby the execution of one order triggers the automatic cancellation of the other.
Did you know?
Between the years 1860 and 1913, the number of foreign banks operating in London increased from 3 to 71.
Word of the day
"Minor Currency Pair" - Any currency pair which includes two major currencies, yet without containing the U.S. dollar. Minor Pairs are also known as Cross Currency Pairs, or Crosses.
Always check transaction costs before opening an account (and keep in mind that cheap rates are no guarantee of reliability).