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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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According to a recent BIS study on the spot market,  the most heavily traded products are: EUR/USD (28%), USD/JPY (17%), and GBP/USD (14%).
The US currency was involved in 89% of transactions, followed by the Euro (37%), the Yen (20%) and Sterling (17%). Although trading in the euro has grown considerably since the currency's creation in January 1999, the foreign exchange market is thus still largely dollar-centered.

Currencies without barriers

In the beginning Foreign Exchange was a privileged market which access was reserved to institutions only which had to exchange the world's major currencies.

 

It was only until the recent years that Forex, thanks to the growth of the phenomenon of online trading and to the application of the concept of Over The Counter trading (OTC), has become easily accessible to a widespread variety of daily traders and speculators.

 

Its exponential growth has of course translated in an unbelievable market liquidity around the clock, to the point that no matter at what time, there is always a buyer or a seller counterpart. Market liquidity, price stability, world wide accessibility allow traders to open or close a position at a fair market price. These have been among the main reasons of the success of Foreign Exchange on such a vast scale.

Top ten reasons to trade Forex

Discover why traders around the globe choose Foreign Exchange Trading over other financial instruments [more]

Currency Pairs

The most traded currency pairs now available to you with tight spreads [more]

Order Types

Understand which order is right for you depending on your strategy or market conditions [more]

Leverage and Margins

Learn what is the leverage and how you can use to your advantage

[more]

Frequently Asked Questions

Read the questions most commonly asked by traders like you

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Risk Disclosure: There is a substantial risk of loss in trading futures and foreign exchange. Please carefully review all risk disclosure documents before opening an account as these financial instruments are not appropriate for all investors.

 
 

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