Trading-Made-Simple | Pending Orders
Welcome to our Trading-Made-Simple video series, where you can learn a little more about the trading world in less than 5 minutes.
A “Pending Order” is like setting a future plan to buy or sell a currency at a certain price. The trade will happen automatically when the market reaches that instructed price.
In this video, we will be covering:
0:00 The Meaning of Pending Order and Types of Orders in the Forex Market
1:11 Buy Limit Order
1:23 Sell Limit Order
1:38 Buy Stop Order
1:50 Sell Stop Order
1:58 How to Place a Pending Order in MetaTrader 4
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Trading involves risk. Past performance is not indicative of future results. Trade with caution.