Online Currency Exchange: There is no central exchange for foreign exchange market. It’s
a network of computers that connects banks and brokers together. Online
currency exchanges are essentially forex brokers that allow delivery of traded
currencies.
Outright Forward: It’s a forward currency contract with a forward price and a
delivery date. It allows the investors to buy or sell a currency at a specified
exchange rate on a specified date.
Overnight Limit: It is the number of trading positions a trader can carry
overnight. It is regulated by the central bank and is reviewed on an ongoing
basis.
Overnight Position: The trading positions that are not closed on the same day
and are held overnight.
Overnight Trading: Trades that take place between 9:00 p.m. and 8:00 a.m. local
time. Overnight trading is exposed to significant foreign exchange risk and
overnight delivery risk.