You can use a lot of automated orders during your trading activity which can help you succeed. We have already learnt about Take-Profit Order and Stop-Loss Order. Let’s now find out about One Cancels the Other or OCO order.
Tag: order
Stop-loss order cuts off your transaction at an exchange rate that you predetermine when the market moves against the trade, i.e. it is the closing order that limits your loss to a maximum amount which is known and determined in advance.