Pending order 

forex trading is divided into instant trading and pending order trading, pending order trading is expected at a predetermined price before the purchase and sale of contracts sent out.

Pending orders are divided into: limit orders and stop-loss orders

Limit orders：

Is the hope in the more favorable than the current price before sending the transaction contract, that is: lower than the current price to buy, or higher than the current price to sell.

Stop Loss Order：

A stop-loss order is an order to send a contract at a worse price than the current price, i.e. to buy at a higher price than the current price or to sell at a lower price than the current price.

There are four common types of pending orders：

1.Buy limit:

The premise is that the future "selling price" price is equal to the predefined value. The current price level is higher than the value of the order placed. This type of order is usually placed with the expectation that the price will rise after a certain level of decline.

2.Sell limit:

The premise is that the future "buy" price is equal to the predefined value. The current price level is lower than the value of the order placed. This type of order is usually placed in anticipation of a price rise to a certain level and then a fall.

3.Buy stop:

The future "sell" price is equal to the pre-defined value. The current price level is lower than the value of the order placed. This type of order is usually placed in anticipation that prices will continue to rise after a certain level is reached.

4.Sell stop:

The future "buy" price is equal to the pre-determined value. The current price level is higher than the value of the order placed. This type of order is usually placed in anticipation of prices reaching a certain level and then continuing to fall.

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