Forex brokers with OCO orders

Attractive tool for effective risk management

Most often, One-Cancels-the-Other orders are the most useful when there is already an open trading position. However, if necessary, you can also use them at the stage of entering the position. In this situation, everything depends solely on the characteristics of the trading strategy you use. OCO orders allow you to develop a wide variety of combinations, with which you get the opportunity to automatically take the most profitable trading decision depending on the Forex market situation.

It should be noted that the OCO orders are very convenient because of their features. If you set conventional stop-loss and take-profit orders in Forex trading, rather than One-Cancels-the-Other, in case of successful execution of any one of them, the other will continue to be active. As a result, if the Forex market situation changes, its execution could cause unintended opening of a position. With proper use, OCO orders allow the most effective risk management and significantly streamline Forex trading, which will bring maximum profit.