Pending Orders are used for entering/exiting a trade at a specific price. They have a preset target price different from the current market price which has to be reached by the traded instrument for their execution to be triggered.
This is a great tool to make trades without being constantly attached to your screen. Our platform will execute a Pending Order automatically once its target price has been reached.
You can use Pending Orders either to enter a position or close one. Respectively, the two types of Pending Orders on our platform are Entry Pending Orders and Associated Pending Orders.