FUTURES CONTRACT: A futures contract is a legally binding standardized agreement made to buy or sell a commodity or financial instrument sometime in the future. Fx (see Foreign Exchange Market)
GTC (Good Till Cancelled):An order left with a Dealer to buy or sell at a fixed price. The order remains standing until it is cancelled by the client.
HEDGING: The practice of undertaking an investment activity in order to protect against loss in another. An example of this is selling short to nullify a previous purchase, or buying long to offset a previous short sale.
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