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  • 01What is Trading?
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  • 04Setting Up Your Trading Setup
  • 05TA Masterclass
  • 06Fundamental Analysis for Traders
  • 07Trader Mindset
  • 08Build Your Trading System

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Home>Courses>Setting Up Your Trading Setup>Lesson 7 of 8

Platform order types (OCO, FOK)

One-Cancels-the-Other: a linked pair of orders where filling one cancels the other.

Setting Up Your Trading Setup·Lesson 7 of 8

All lessons

By the end of this lesson you'll be able to:

  • 01Define an OCO order
  • 02Explain a common OCO use case
  • 03Distinguish OCO from a single order
1

Step 1 · Read the guide

Read the guide first

Everything the quiz asks is covered in the linked guide. Read it, then answer the questions below.

What Is an OCO Order? Dual-Order Execution Explained
Key terms
OCO OrderTake ProfitStop LossLimit Order

Step 2 · Take the quiz

Quick check

10 questions

Answer all 10, then check. Wrong answers show a hint and a link back to the guide.

  1. Question 01

    What is an OCO order?

  2. Question 02

    What does 'OCO' stand for?

  3. Question 03

    What is a common use of an OCO order?

  4. Question 04

    If your take-profit fills in an OCO, what happens to the linked stop loss?

  5. Question 05

    What kind of trader does an OCO help?

  6. Question 06

    Compared with a single stop, what does an OCO add?

  7. Question 07

    You are long and set an OCO with a sell limit above and a sell stop below. If price rises to the limit, what happens?

  8. Question 08

    What are OCO orders most useful for?

  9. Question 09

    What does an OCO remove the need to do?

  10. Question 10

    If neither leg of an OCO is hit, what do the orders do?

Answered 0 of 10 · pass 70% (7/10) to complete

Setting Up Your Trading Setup7 of 8
  1. Choosing a trading platform
  2. How to choose a broker
  3. Broker types: ECN and more
  4. Getting started with MetaTrader
  5. Using TradingView
  6. Practice with a demo account
  7. →Platform order types (OCO, FOK)
  8. Opening a trading account
  9. ⚑Final Assessment· 20 Q