Tuesday, June 18, 2024

One Cancel Other Orders (OCO)

One Cancel Other Orders” (OCO) is to execute an order to automatically cancel the previous order.

A special type of order that states that if one part of the order is executed, the other part will be cancelled.

For example, if you enter an OCO order, if you have two instructions to trade in the market at different levels, one of the instructions will be executed and the other will be automatically canceled.

If you want to learn more foreign exchange trading knowledge, please click: Trading Education.

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