CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Pending Orders allow you to set a specific price at which you want to enter or exit a trade rather than executing it at the current market price. Once the instrument's price reaches your target, the platform automatically executes the order, making it a useful tool for trading without constantly monitoring the market.
How do pending orders work?
The system executes a Pending Order as soon as the price of the instrument reaches the set level. These orders can be used in two ways:
- Entering a Position: Open a trade at a predefined price.
- Closing a Position: Exit an existing trade at a specific price.
What are the types of pending orders?
- Limit/Stop orders: These orders allow you to open a new position once the instrument's price reaches your preset target.
- Associated Pending Orders: Orders such as Take Profit & Stop Loss and Trailing Stop Loss are linked to an existing position and automatically close the trade when the specified price is reached.