Forex Game Glossary eng

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Obvious mistake
Opening/closing client positions or executing client order at a price that greatly differs from price quoted per instrument in present flow quoting at the moment of processing. or some other dealer activity or inactivity that deals with mistaken determination of market prices at the present moment

Offset
Offsetting is a liquidating of a buy or sell position by opening the equivalent position in the opposite direction. thus, if a trader has short eur/usd position, the offsetting position will be a long trade on the same instrument of the same volume.

Offshore
The term “offshore” is used to describe a territory or a nation that accumulates foreign capital by offering special tax incentives to companies based there.

Open position
The result of the first part of a completed transaction; at the position opening, the client accepts the following liabilities: – to execute the opposite operation of equal volume; – to maintain equity not lower than 10% of the necessary margin

Order Forex
An instruction that is sent to a broker to enter or exit a position at a specified price.

Order level
The price specified in the order.

Output
Is the volume of goods a company has produced or services it has provided. it is measured in real and value terms.

Overbought
Is the situation on the currency market in which the demand for an asset increases the asset’s value to a level that does not meet the fundamental factors. it is commonly believed that in the overbought zone traders should sell

Overnight position
The position that a trader possesses at the end of a trading day. a trade that remains open until the next business day.

Oversold
Is the situation on the currency market in which the demand for an asset decreases the asset’s value to a level that does not meet the fundamental factors. it is commonly believed that in the oversold zone traders should buy