Fill 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.
Related terms
Fill
When an order has been fully executed.
Read full definitionLimit Order
An instruction to buy or sell at a specific target price or better. Unlike a market order, which executes immediately at the current price, a limit order only triggers when the market reaches the predefined level, giving more control over execution.
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A limit or stop order given to a broker to execute a trade at a specific price before the markets close that day; if the price is not reached, the order is cancelled. It is the most common of several types of limit order, alongside good-til-cancelled and fill-or-kill orders.
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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.
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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.
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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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