- One-cancels-the-other (OCO) — type of conditional order for a pair of orders, in which the execution of one automatically cancels the other.
- Open orders are those unfilled and working orders that are still in the market and awaiting execution.
- An order is a set of instructions for a broker to buy or sell an asset on behalf of a trader.
- Order imbalance occurs when there is an excess of orders to buy or sell a particular security.
- Quotes mean the recent selling price of any asset traded on the market.
- Short covering is closing a short position by buying back shares that were originally borrowed to sell short using buy orders to cover the orders.
- Stop-limit orders are a conditional trade that combines the functions of a stop loss and a limit order to reduce risk.
- A stop loss order indicates that a stock should be bought or sold when it reaches a certain price, known as the stop price.
- Take-Profit (T/P) orders are limit orders that close when a certain profit level is reached.
- Expiry date indicates how long the order will remain active before it expires with your broker.