What are pending orders?

 

Pending orders are orders placed by traders to buy or sell an asset at a future price. These orders remain in the order book until they are either filled tradexn at the specified price, or cancelled by the trader. There are several types of pending orders, including limit orders, stop orders, and stop-limit orders. Limit orders allow traders to buy or sell an asset at a specific price or better, while stop orders trigger a market order when the asset reaches a specified price, and stop-limit orders combine elements of both limit and stop orders of trade xn.

 

1. Buy Stop

 

The Buy Stop order allows you to set a buy order above the current market price. What this means is that if the trade xn current market price is $20 and the set Buy Stop price is $22, then once the market reaches the price level of $22, a buy transaction will be executed on this market.

 

2. Sell Stop

 

The Sell Stop order allows you to set a sell order below the current market price. What this means is that if the current market price is $20 and the set Sell Stop price is $18, then once the market reaches the price level of $18, a sell transaction will be executed on this market.

 

3. Buy Limit

 

The Buy Limit order allows you to set a buy order below the current market price. What this means is that if the current market price is $20 and the set Buy Limit price is $18, then once the range of market trade xn reaches the price level of $18, a buy transaction will be executed on this market.

 

4. Sell Limit

 

The Sell Limit order allows you to set a sell order above the current market price. What this means is that if the current market price is $20 and the set Sell Limit price is $22, then once the market reaches the price level of $22, a sell transaction will be executed on this market.

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