Types Of Pending Orders In The Transaction

What is a Pending Order Transaction? Types Of Pending Orders In The Transaction

In securities market transactions, some investors often place pending order for purchased stocks or foreign exchange, so what does a pending order mean? Next, let’s take a look at what a pending order transaction is.

What is a Pending Order Transaction?

Pending order trading is also called limit order, which means that investors place one or more orders in advance. Once the price reaches the set price, the system will automatically open a position. This trading method is suitable for investors who do not have much energy to operate next to the computer. Generally speaking, there are the following four types of pending orders.

Buy Stop

Stop-loss buying refers to a buy operation order for a pending order at a price higher than the current price relative to the current price. Simply put, when the customer thinks that the price will rise to a certain price, it will determine the upward trend and continue to move higher, and can go long at this price, and the system will automatically trade when the price reaches this price.

Buy Limit

Buy limit refers to the operation instruction to buy a pending order at a price lower than the current price relative to the current price. Simply put, when the customer thinks that the price will rebound up after falling to a certain price and can go long at this price, and the system will automatically trade when the price reaches this price.

Sell Stop

Sell stop loss refers to the selling operation instruction of a pending order at a price lower than the current price relative to the current price. To put it simply, when the customer thinks that the price will fall to a certain price, it will determine the downward trend and continue to go lower, and can go short at this price, and the system will automatically trade when the price reaches this price.

Sell Limit

Sell limit refers to the selling operation instruction of a pending order at a price higher than the current price relative to the current price. To put it simply, when the customer thinks that the price will rebound down after rising to a certain price, and can go short at this price, and the system will automatically trade when the price reaches this price.

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