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OCO Order |
| One Cancel the Other
Order |
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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).
[learn More...] |
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NIRD |
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Net Interest Rate Differential
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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 |
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The smallest measure of movement for a
foreign exchange rate.
[learn More...] |
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Rollover |
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The smallest measure of movement for a
foreign exchange rate.
[learn More...] |
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