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oco2


ONE CANCELS THE OTHER

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oco2


ONE CANCELS THE OTHER

OCO takes the best part of a Market or Limit Order and the benefit of a Stop Loss. Whichever is reached first automatically cancels the other.
— Damien Lipman, Head of Business Development

This is a combination of a Take Profit order and a Stop Loss order. Whilst it can be seen as ideal to place a Take Profit order and try to achieve a rate better than the current market position, there is always a chance that it may not be achieved and the exchange rate could move against you. The OCO trade allows you to set a best and worst case scenario and the rate is secured whichever level is achieved first.


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