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.
The Pending Orders can be used either to enter a position or to close one. In our platform, we have two types of pending orders: Entry Pending Orders and Associated Pending Orders.