Pending Orders - TNFX - Leading Online Forex Broker - Forex Trading

Pending Orders


Pending Orders

Pending Orders

Some traders, especially new traders, may not know what “pending orders” are in forex and currency trading.
As it is known, the Forex market is the largest and most volatile market in the world, in such market conditions, the risk management system is vital and reduces the loss of capital, the term forex pending orders simply means how to enter and exit the deal.
There are many different types of pending orders that traders use to manage their trades, if you want to trade the right way. Not only do you choose the currency pair you want to trade and the best price to enter, but you must have a specific entry and exit point

(Stop Loss) is a market order used to close a losing position once it reaches a certain level and is achieved when it touches the Ask line.

(Take Profit) is a market order that is used to close a profitable deal as soon as it reaches a certain level and is achieved when the bid line touches the order.

(Buy limit) is a purchase transaction at a price lower than the current price and is achieved when the Bid line touches the order.

(Sell limit) is the process of selling from a price higher than the current price and is achieved when the Ask line touches the order.

(Buy stop) is a purchase transaction at a price higher than the current price and is achieved when the Bid line touches the order.

(Sell Stop) is a sale from a price lower than the current price and is achieved when the Ask line touches the order.

(Trailing Stop) is the process of a continuous stop loss, meaning controlling a “Stop Loss” order, which is achieved when the Ask line touches the order.

(Sell stop limit) is a process that combines the two orders sell stop and sell limit, and the two orders are activated when the ASK line touches the specified price
(buy stop limit) is a process that combines the buy stop and buy limit orders, and the two orders are activated when the BID line touches the specified price