Offer is the price a trader requests to buy a financial instrument from a broker or a market maker.

The Organization of the Petroleum Exporting Countries (OPEC) was founded in 1960 to coordinate the petroleum policies and manage the supply of oil in order to avoid price fluctuations that might affect economies.

An Open Position is a trade that is ‘running’ with a floating profit, or floating loss or breaking even. When a trading position is closed any floating profit becomes realized profit, and conversely any floating loss becomes realized loss.

An order is a request sent to a broker to buy or sell a security in the financial markets.

Over-the-counter (OTC) trading is done directly between two parties without going through an organized exchange.

Overexposure means taking too much risk without any proper risk management.