Open The Pending Order Forex

Often we want to buy or sell a currency pair

at a certain price (not on the current price). This is related to

. with our predictions against currency movements. Here we are

can use Pending orders option. In principle,

This type of order is a pending order, not executed

that time also. When opening the window dressing of choice Order Type

become a Pending Order.

Then at the bottom, there is a

four options again Buy Limit,

Sell Limit, Buy Stop and Sell

Stop. We will discuss one per

one.

In principle this type of order can be differenciated into two LIMIT and STOP:

-LIMIT, the order is basically done to anticipate prices will turn direction.

-STOP, is basically a order that enabled to anticipate prices will continue

its movement.

For more details let us see the following illustration. For example, You predict that prices will drop before rising again. Then you anticipate with the open order positions at lower prices (Buy Limit). If the price touched the Buy Limit order will be executed then the noodles. During this point not touched then oder will still be attached (position is still pending).

Almost similar to the Sell Limit. Look at the image below. For example, You predict the price will go up first before going down. Then you can anticipate by mounting positions of orders at higher prices (Sell Limit). If price touches this point, then the new positions open.

Now let us discuss about the Stop. Note the picture below. For example, You predict the price after penetrating a certain point will go up again. Therefore you anticipate putting up a buy position in the point of Buy Stop, where at that point to higher prices and current prices. The order is only executed when the price passed that point. During this point not touched then oder still pending.

Similar to the previous one. Note the picture below

These. For example, You predict the price will be translucent when penetrating a Sell Stop point. You can just put up an order Sell Stop at the point of sale. If price touches this level, then the new positions open

.In the Order window, you need to enter the order type, then press the price Place to place order. Pending order will appear in the Terminal window (Trade) as the pending order, it is located below the line Balance. If executed, will appear as an already open position, moved to the top of the line Balance.

In addition to regulating the price of how much You want to sell or buy, you can also set up until when the pending order will be executed. This can be arranged at the Expiry, you live determine the expiry date the pending order.

Sometimes we want to cancel a pending order that we created earlier. For it in a Terminal window (Trade), right click, select order Modify or Delete. In the dialog box that appears, click Delete to cancel it.