Two-step order handled by an exchange or brokerage. The first order is usually a limit, and is activated once the desired price is reached. The second order is dormant, and only activated once the first order has been executed. This second order can be a stop, a limit or an OCO (Once Cancels the Other). Such orders are left in anticipation of price fluctuations, but without having to monitor the market 24-hours a day to get the desired price.
Related information about if done order:
- What is if done order? definition and meaning - InvestorWords.com
Definition of if done order: Two-step order handled by an exchange or brokerage. The first order is usually a limit, and is activated once the desired price is ...
- If Done/Market Orders/OCOs
An If Done order is effectively an instruction to perform a certain trading activity once a certain criteria is met, such as an asset reaching a certain price point.
- investment - if done order - www.thebull.com.au
An 'if done' order is a combination of two orders and can be used if you are unable to continually monitor the market but want to participate in market movements ...
- Let's get started forex trading from zero / If-done order
The if-done order will make you diversify in placing orders. We will take some samples for basic use.
- What is if done order? Definition and meaning - InvestorGuide.com
if done order - definition of if done order from InvestorGuide.com: An order that only ... For example, using an if done order allows forex traders to specify in ...
- Forex Orders - If Done Order - by ForexForum.net
This page presents an introduction on the forex market.
- Contingent and If Done Orders
In a similar way to an OCO, an 'if done' order links two CFD orders together. ... The 'if done' order would lie dormant until the initial stop or limit order had been ...
- What is an If Done Order'?
When placing a stop or limit order to open a position (as opposed to entering at the current price) it is also possible to enter a contingent order against it.