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Browse the categories below to find what you need.
What is a market order?
What is a pending order?
What is the difference between market and pending orders?
What is a limit order?
What is a stop order?
What is a stop-loss order?
What is a take-profit order?
What is a trailing stop and how does it work?
How do stop-loss and take-profit orders work?
Can I modify or cancel an order after placing it?
How do I place a trade on MT4 or MT5?
How do I close a trade on MT4 or MT5?
Can I close a trade manually?
How do I modify an open position?
What happens when I close a trade?
Can I partially close a trade on MT4 or MT5?
Why was my trade closed automatically?
What is leverage in trading?
What is a pending order?
A pending order is a trade that is set to open automatically at a specific price in the future. Instead of entering the market immediately, you choose the price where you want the trade to be executed.
There are four main types of pending orders.
- A Buy Limit is used to buy at a lower price than the current market price.
- A Sell Limit is used to sell at a higher price than the current market price.
- A Buy Stop is used to buy when the price moves higher and you expect the price to continue upward.
- A Sell Stop is used to sell when the price moves lower and you expect the price to continue downward.
You set your desired price, and the platform waits until the market reaches that level. If it does, the trade is executed automatically.
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