EN 
Glossary
GTC Order
A Good-Till-Cancelled (GTC) Order is an order to buy or sell the asset at a set price that is active until the investor decides to cancel it or the trade is executed.
If an order does not have a good-till-canceled instruction then the order will expire at the end of the trading day the order was placed.
Limit Order
An order placed to Buy/Sell at a price upon submitted or better.
A Limit order sets the price at which the trader is willing to buy or sell at. Accordingly, whereas a price of Buy Limit order should be lower than the market price, a price of Sell Limit order should be higher than the market price.
OCO Order
A one-cancels-the-other order (OCO) combines a stop order with a limit order, such that if one order is executed, then the other order is automatically canceled.
When either the stop or limit level is reached and the order executed, the other order will be automatically canceled. Seasoned traders use OCO orders to mitigate risk.
Stop on Bid Order
| BID | ASK |
|---|---|
|
1.3880 |
1.3885 |
| BID | ASK |
|---|---|
|
1.4014 |
1.4018 |
Stop on Offer Order
| BID | ASK |
|---|---|
|
1.3880 |
1.3885 |
| BID | ASK |
|---|---|
|
1.4014 |
1.4018 |
Stop Order
It can be used to initiate a new position. A Sell Stop is usually placed below current market price and Buy Stop will be placed above current market price. In addition to risk management purpose, some people use Stop order to trade on the market break.
GTC Order
A Good-Till-Cancelled (GTC) Order is an order to buy or sell the asset at a set price that is active until the investor decides to cancel it or the trade is executed.
If an order does not have a good-till-canceled instruction then the order will expire at the end of the trading day the order was placed.
Limit Order
An order placed to Buy/Sell at a price upon submitted or better.
A Limit order sets the price at which the trader is willing to buy or sell at. Accordingly, whereas a price of Buy Limit order should be lower than the market price, a price of Sell Limit order should be higher than the market price.
OCO Order
A one-cancels-the-other order (OCO) combines a stop order with a limit order, such that if one order is executed, then the other order is automatically canceled.
When either the stop or limit level is reached and the order executed, the other order will be automatically canceled. Seasoned traders use OCO orders to mitigate risk.
Stop on Bid Order
| BID | ASK |
|---|---|
|
1.3880 |
1.3885 |
| BID | ASK |
|---|---|
|
1.4014 |
1.4018 |
Stop on Offer Order
| BID | ASK |
|---|---|
|
1.3880 |
1.3885 |
| BID | ASK |
|---|---|
|
1.4014 |
1.4018 |
Stop Order
It can be used to initiate a new position. A Sell Stop is usually placed below current market price and Buy Stop will be placed above current market price. In addition to risk management purpose, some people use Stop order to trade on the market break.
