Home >  Forex for beginners > Forex glossary - O

Forex glossary - O

back to the forex terms list

Offer - at this forex rate a dealer is willing to sell a currency.

One Cancels the Other Order (OCO) - A designation for two orders whereby one of two orders is executed the other is automatically cancelled.

OPEC - abbreviation for Organization of Petroleum Exporting Countries.

Open Market Operation - The buying and selling of government securities–Treasury bills, notes, and bonds—by the Federal Reserve.

Open Order - An order that will be done when a market moves to its designated price.

Open Position - A deal not yet reversed or settled with a physical payment.

Option - A contract that determines the right to buy or sell a particular item at a certain price for a limited time. Only the seller of the option is obligated to perform.

Overbought - at this event the market price has risen too steeply and too fast in relation to underlying fundamental factors. Opposite of Oversold.

Oversold - A situation in the market after significant downturn of the Forex rate.

back to the forex terms list

The following terms will appear in the glossary soon:

• Office Recordkeeping Action Type
• Offset
• Offsetting Transaction
• Omnibus Account
• Open Interest
• Open Outcry
• Open Trade Equity
• Opening (The)
• Opening Price (or Range)
• Opening Range
• Opinion
• Option Buyer
• Option Contract
• Option Grantor
• Option Premium
• Option Seller
• Option Spread
• Option Writer
• Oral Argument
• Order
• Original Margin
• Out of the Money
• Out Trade
• Over the Counter (OTC)
• Over the Counter Market
• Overnight