O - Forex Glossary | Forex Terminology A to Z

The industry’s
most important terms explained.

Discover a wealth of financial terms and definitions that every trader should know.

O

The rate at which a dealer is willing to sell a currency. See Ask (offer) price

A trade with which serves to cancel or offset some or all of the market risk of an open position.

A designation for two orders whereby one part of the two orders is executed the other is automatically cancelled.

An order that will be executed when a market moves to its designated price. Normally associated with Good ’til Cancelled Orders.

An active trade with corresponding unrealised P&L, which has not been offset by an equal and opposite deal.

An instruction to execute a trade at a specified rate.

Used to describe any transaction that is not conducted over an exchange.

A trade that remains open until the next business day.