How to Place Pending Order in Forex - Types of Pending Order Forex Trading

• Buy Limit Order Specifies to buy at a level below the current forex market price

• Sell Limit FX Order Specifies to sell at a specified level above current market price

• Buy Stop Forex Trading Order Specifies to buy at a level above the current forex market price.

• Sell Stop FX Trading Order Specifies to sell at a level below the current forex market price.

Limit Forex Orders and Stop FX Trading Orders

Pending Forex Orders are orders that are used to open a new forex trade position after the market reaches a price specified by the trader.

Pending Forex Orders are used to buy or sell when the price attains a certain price target.

When a specific forex price level is reached then a pending forex order is executed.

Pending Forex Orders are used to enter a forex trade at a specified price level. It is almost impossible to monitor the forex market every second & this is why a pending forex order can be used. If you feel the forex market may take a certain action, such as break through a specific forex price level that it has been touching but it hasn't been able to break this level, then as a trader you would want to use a Pending Forex Order. Once the forex price crosses your specified level, your pending forex order is executed.

There are 2 types of pending orders - forex limit order & forex trading stop order.

These pending forex orders are also known as forex entry trading orders.

Limit Forex Order

An order to buy or sell at a specific limit.

An pending forex limit order can be used to buy below the current forex price or sell above the current forex price.

When buying, pending forex limit order is executed when the price falls to your limit specified forex price region.

When selling, pending forex limit order is executed when the price rises to your limit specified forex price region.

These Forex Limit Orders are placed by traders when they expect the forex price to bounce back after reaching the specified forex price level at which the pending forex limit order was placed.

• Forex Buy Limit Order Specifies to buy at a level below the current forex price

• Forex Sell Limit Order Specifies to sell at a level above the current forex price

How to Place Buy Limit Orders & Sell Limit Orders on MT4 - Pending Forex Orders in MT4

Forex Stop Order

A pending forex stop order is an order to buy above the current forex price or to sell below the current forex price.

When buying, a pending forex stop order is executed as the forex market goes up & hits the buy stop price quote level.

When selling, a pending forex stop order is executed as the forex market price goes down and hits the sell stop specified forex price region.

• Forex Buy Stop Order Specifies to buy at a level above the current forex price.

• Forex Sell Stop Order Specifies to sell at a level below the current forex price.

How to Place Buy Stop Orders & Sell Stop Orders on MT4 - Forex Pending Orders in MT4