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Forex Terms
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OC OD OF OL OM ON OP OR OS OU OV OW
OPE OPT
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1. Open Order Buy or sell order that does not expire until canceled. In theory the order does not expire. However, it usually does so at the end of the trading month rather than lasting forever.
2. Open Position A position whether long or short that is subject to market fluctuations and thus profits or losses. See also: Closed Position
3. Options The right, but not the obligation, to buy (long call) or sell (long put) an underlying asset.

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