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Long 4 contracts

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Category: Blog

"On cease" means you want the market to rise, however this can be a cease loss order to restrict your losses in case it falls. So you're telling the broker to promote four contracts if the market trades at or under 10,750. This means he should sell as soon as the market has traded at 10,750 at no matter price he can get, which could be lower than 10,750. "oco moc" means "if the market would not commerce all the way down to 10,750, promote the 4 contracts at the best worth you will get over the last three minutes of at this time's trading."

So what this order would usually mean is : "I'm long 4 contracts (i.e. I've purchased 4 contracts). I feel the market's going up as we speak, and I'm planning to take my profit by selling these four contracts on the finish of the day. Within the meantime, simply in case I'm flawed, please close out my position if the market falls to 10,750."

 In contrast to shares, there is no such thing as a inherent purpose why the worth of a given foreign money, measured against the value of one other given foreign money, might proceed over time to rise. It can fall simply as easily as it could possibly rise. Furthermore, causes for its rise or fall are often highly politicized - politicians might allow their currency to fall for populist causes which have little to do with logic or good government.

Adding to the uncertainty, completely unpredictable occasions reminiscent of struggle or pure disasters can affect the foreign money in unpredictable ways : you possibly can't insure a forex towards such factors, aside from with the futures contract itself.
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