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?
The average daily trading volume in the foreign exchange market exceeds $5 trillion.
Word of the day
"No Dealing Desk (NDD)" - A No-Dealing-Desk broker passes its clients’ trades straight through to liquidity providers without intervening between the two parties.
Do not open a real account before doing some demo-trading.