What is Open Source Software in Forex Trading?
Open-source software is a form of computer software in which the copyright holder grant general public the right to use, change, study, and allocate software to anybody for any purpose. Its policy is publically available. Some software has source code that only the team, organization or person who formed it have unprecedented control over it […]
What is Open Position in Forex Trading?
An open position is any entered or established trade that has yet to close with trade-in opposite direction. An open position can exist following a long position or short position. For example, a financier owns 400 shares of stock; they have an open place in that stock until it is sold. The possibility of risk […]
What is an Open Order in Forex Trading?
An open order is an instruction to buy or sell commodities that have not been completed or cancelled. The trader has the flexibility to place an order to buy or sell securities that remain in effect until their actual condition has been fulfilled. Because they are often unconfirmed and are not market orders, so they […]
What is One Cancels Other Order in Forex Trading?
It is an instruction given when enlisting pair of unconditional orders at the same time if one is executed, the other is annulled mechanically. The one cancels another order is frequently chains a stop order with a limit order on a robotic trading platform. When either stop order or limit order is gotten and completed, […]
What is On Neck in Forex Trading?
It is two candlestick pattern formed when a small body follows a large down candle up a candle that gaps down on the open but closes at a price near the large bearish candle. Such a pattern is called On Neck because closing prices of both candles are almost the same, forming a horizontal neckline. […]
What is Oman Rial in Forex Trading?
The Oman rial is an official currency of Oman with currency code OMR and symbol ر.ع.; R.O. it is subdivided into 1000 baisa. The Omani rial is 3rd top valued currency by worth after Kuwaiti dinar and Bahrain dinar. Until 1940, the Maria Theresa thaler and Indian rupee were major currencies circulating in Oman and […]