Good for Day
An order that will expire at the end of the day if it is not filled.
Related terms
Day Order
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.
Read full definitionEnd of Day Order (EOD)
An order to buy or sell at a specified price that remains open until the end of the trading day, typically 5pm New York time.
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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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