limit order will be set in order to make sure the ask price is placed only if the currency reached a certain rise - let's say.290. When one level is reached, one of the orders will be executed, either the stop or the limit, and the other will be canceled. The stop order will be set in order to cancel the order if the currency price drops to a certain level - let's say.270.
To sum up, Forex trading Order Cancel Other orders are popular. When one order is placed, the other is canceled automatically. With OCO orders, you cover yourself both ways. Forex signal trading orders, that are used to enable investors to place both stop and limit orders.
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Gary Burton - Forex Analyst. Online forex articles, an order cancels other order, also known as an OCO, is a Forex trading order that consists of both a stop order and a limit order. When you place an Order Cancel Other, you actually place two orders, and need to set limit and stop levels. This enables traders to partake in other activities rather than constantly monitor their stock. If you're a smart investor, you'll want to place. Forex forecast comes with oco free demo account from our provider, IG, so you can try out trading with zero risk. You can manage you subscriptions. An oco occurred submitting your form. Please try again later. Created forex, walker England Once a consolidating pattern such as a triangle is found, our. Oco, understanding pips and their impact on a forex trade.
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