An abbreviation for Organization for Economic Co-operation and Development.
A weighted average of oil prices collected from the Organization of Petroleum Exporting Countries (a group of 13 major oil producing countries). OPEC Basket’s average oil price is based on the production and exports of each country. The two other leading benchmarks are the Brent and West Texas Intermediate (WTI) Crude.
What is an Open P&L?
An Open P&L (Profit & Loss) is a financial statement that forex traders receive summarizing all open positions that he has in terms of profits earned and losses incurred.
How does one use Open P&L?
Knowing when to open and close a position is the key to successful forex trading. By carefully examining the Open P&L, a trader can determine which markets are behaving in a bullish manner, and which are more bearish. In doing so, traders are better equipped to make informed decisions concerning short- and long-term trading strategies.
Any trade that has been entered and has not yet been closed with an opposite trade. An open position can exist following a long position (also referred to as simply “buy”) or short position (also referred to as simply “sell”).
What is the Open price??
The Open price, also known as the Opening quote, or Opening price, is the price of an asset on the trading market at the outset of the trading day. It is important to note that the opening price of one day is not necessarily the same as the closing price of the same asset from the previous day. Fluctuations in the asset value can, and often do, continue even when the markets are closed and the asset is not being traded.
How does one use the Open price?
The Open price is the primary indicator for a trader on what the currency pair has done on the day that you are weighing a long or a short position. By examining the open price, along with the day high and the day low, traders can gauge the volatility of the currency and develop a strategy to either buy, sell, or avoid the currency altogether.
Any and all open buy (long) and/or sell (short) positions in a trader’s online trading account.
What is an OTC Market?
An OTC (over the counter) Market, is a decentralized market where assets, including some currencies, that are not traded on centralized stock markets can be traded. Because OTC markets are not centralized, and not regulated by any governmental authority, they will often be less transparent than centralized markets, and therefore riskier.
How does one use an OTC Market?
Trading on an OTC market is similar to trading on a centralized market. Traders find a broker, who serves as the middleman between them and fellow dealers, as well as with corporations and businesses that are not being traded on centralized stock exchanges. One of the primary differences between an OTC market and an exchange market is that on an OTC market, the brokers have more flexibility on the buy and sell prices that they set. As a result, a broker may quote one price to one client, and a different price to another, and there may be differences in the Bid-Ask spread.
A situation in which a security or financial instrument is believed to be more profitable than the overall market. Also known as “market outperform”. Opposite of underperform.
A trade that remains open overnight from one business day to another.