What are Pending Orders in Forex?
Pending Orders
Forex Trading Glossary
Quick Answer: Pending orders are instructions to enter a trade automatically when price reaches a predetermined level. They include limit orders and stop orders.
What are Pending Orders?
Pending orders are instructions to execute trades at a future price level. They include limit and stop orders that become market orders once triggered.
Types of Pending Orders
- Buy limit: Execute a long position below the current price.
- Sell limit: Execute a short position above the current price.
- Buy stop: Enter long once price trades above a set level.
- Sell stop: Enter short once price trades below a set level.
Related Terms
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