N 2012

1.


OCO


See also: One Cancels the Other Order


2.


Odd Lot


A non-standard transaction size. In forex, a standard lot is usually 100,000 units of a particular currency.


3.


Off-Shore


A business entity that may or may not be physically located in a country, but whose operations and regulation fall outside the country, primarily because it is incorporated elsewhere.


4.


Offer


Also known as the Ask Price, it is the price at which a seller is willing to sell.


5.


Offer Price


See Offer.


6.


Old Lady


Term for the central bank of England.


7.


Omnibus Account


An account that one futures commission merchant carries for another in which the transactions of multiple individual account holders are combined. The identities of the individual account More…


8.


One Cancels the Other Order


Two orders that are submitted simultaneously. If either one is executed, the other one is automatically canceled.


9.


Open Order


Buy or sell order that does not expire until canceled. In theory the order does not expire. However, it usually does so at the end of the trading month rather than lasting forever.


10.


Open Position


A position whether long or short that is subject to market fluctuations and thus profits or losses. See also: Closed Position


11.


Options


The right, but not the obligation, to buy (long call) or sell (long put) an underlying asset.


12.


Order


Instructions to buy or sell.


13.


Oscillators


Technical analysis tools that provide buy and sell signals, characterized by a signal that oscillates between overbought and oversold levels.


14.


Out of the Money


When the strike price of the option is more expensive than the underlying asset’s current price.


15.


Over the Counter


Refers to trading that is not done over a formal exchange. Traditional forex is traded over the counter, meaning traders entered into forex transactions with one another over telephones or More…


16.


Overbought


A currency pair is overbought when its price rises much more quickly than usual in response to net buying. Once overbought, the pair is then expected to make a contrarian move, meaning its More…


17.


Overheated Economy


An economy with inflation and high interest rates.


18.


Overnight


Trades that extend past the current trade day into the next.


19.


Overnight Limit


The maximum amount of a net long or short position that a dealer can carry over into the next dealing day.


20.


Overnight Position


A dealer’s net position that is carried into the next trading day.

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