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October 23, 2017

Question:What is OCO order on FX trading platform? How does it work?

Answer:

OCO order stands for “Once Cancel the Other” order, and it is a mixture of two entry and or stop loss orders.

This order type literally cancels the other direction(or type) of order when the another one is executed.

OCO order contains two or more orders within, and at the end, one of them will be executed depends on the direction of the market price.

*OCO order is available on many type of trading platforms, but may not be described as “OCO order”.

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