Fill
When an order has been fully executed.
Related terms
Partial Fill
When only a portion of a limit order is executed because the price surpasses the specified level before the full amount can trade. Units are exchanged only up to the limit price, and the rest remain unfilled.
Read full definitionFill or Kill (FOK)
An instruction sent to a broker or trading venue that must be carried out immediately and in its entirety; if either stipulation cannot be met, the order is cancelled. No partial or delayed execution is allowed.
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An instruction to transact on your behalf if a particular exchange rate or price is reached.
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Aggressive
A description of traders and/or price action acting with conviction.
Read full definitionArbitrage
The simultaneous buying and selling of the same currency in different markets to profit from small price differences. The strategy exploits temporary inefficiencies in FX markets.
Read full definitionAt Best
An instruction given to a dealer to buy or sell at the best rate that can be obtained at a specific time.
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An instruction given to a dealer to buy or sell at a specific price or better.
Read full definitionBroker
A third party coordinating the sale of financial securities between sellers and buyers. Exchanges only accept orders from their members, so traders and investors use brokers as intermediaries; brokers are compensated through commissions, fees or payment from the exchange.
Read full definitionBulls
Traders who expect prices to rise and who may be holding long positions.
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