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OCO Order
One Cancel the Other Order

A One Cancels the Order is a Stop and Limit orders set simultaneously, whereby once either one is executed, the other is canceled. For example, an OCO may be place to close an existing position either with a Limit (take profit), or with a protective Stop (stop loss).

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NIRD
Net Interest Rate Differential

The difference in interest rates from the countries of two different currencies. For example, if the spot next rate for the Euro is 3.25% and the spot/next rate in the US is 1.75%, the interest differential is 1.50% (3.25% - 1.75% = 1.50%).

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PIP

The smallest measure of movement for a foreign exchange rate.

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Rollover

The smallest measure of movement for a foreign exchange rate.

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Forex Economics

A broad picture of forex from the economic standpoint  [more]

Market Fundamentals

Learn the mechanics behind the economics of foreign exchange [more]

Technical Indicators

Understand the basics of the most popular indicators and their usage to enhance your trading strategy [more]

Forex Terminology

What does GTC stand for? What's a Margin Call? Here you can find the answers to the meaning of most terms [more]

 

 
 

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