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OCO-One Cancels the Other Order: A combination of two orders in which
the execution of either one automatically cancels the other.
Offer: The price at which a currency pair or security is for sale; the quoted price at which an investor can buy a currency pair. This is also known as the 'ask', 'ask price', and 'ask rate'.
Open Order: Buy or sell order that remains in force until executed or cancelled by the customer.
Open Position: Any position (long or short) that is subject to market fluctuations and has not been closed out by a corresponding opposite transaction.
Order: A customer's instructions to buy or sell currencies.
Overnight Position: Trader's long or short position in a currency at the end of a trading day.
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