STP (Straight-Through Processing)

A One Cancels the Other (OCO) order is a type of conditional order used in trading that combines two separate orders. When one of the orders is triggered and executed, the other is automatically cancelled. This allows traders to plan for multiple market scenarios while ensuring that only one of the two outcomes takes place….

Kiwi is a common trading slang used to refer to the New Zealand dollar (NZD) in the Forex market. The nickname comes from the kiwi bird, a national symbol of New Zealand. It is widely recognized by traders around the world. When someone says they’re trading the “Kiwi,” they usually mean they are involved in…

A bear market is a term used to describe a financial market where prices are falling over a period of time. It usually refers to a drop of 20% or more from recent highs in the price of stocks, currencies, commodities, or other financial assets. A bear market reflects a negative sentiment among investors and…

A closing order is a trade instruction used to exit an open position in the financial markets. When a trader closes an order, they are finalizing the trade by selling an asset they previously bought or buying back an asset they previously sold. This action locks in any profits or losses from the trade. Closing…

Options are financial derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price within a specific time frame. There are two main types of options: call options, which give the right to buy, and put options, which give the right to sell. Traders…

A reversal refers to a change in the direction of an asset’s price trend. This means that if a market has been moving upward (an uptrend), a reversal would signal the start of a downward trend, and vice versa. Reversals can occur in any financial market and over various timeframes, from minutes in day trading…