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A pending order.

Discussion in 'General Forex Discussion' started by Robert Dudash, Sep 13, 2019 at 6:26 PM.

  1. Robert Dudash

    Robert Dudash ECZ Member

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    A pending order in any trade is an order that was not yet executed thus not yet becoming a trade. Generally, while trading we place the order with a limit, means our order (pending trade) will not get executed if the price of a financial instrument does not reach a certain point. A large section of traders follows technical analysis, so if anyone wants to place an order at the support or resistance level but currently market is not on these levels, then he/she can place pending order rather than waiting.