Pending Order

An order which is open for when a price reaches a certain level. A trader may decide to use a pending order if the current market prices are deemed unfavorable for profiting from, but are expected to get to price levels where the odds of profitability are improved. Pending orders are also used when the trader expects prices to retrace to cheaper levels before resuming the previous trend, or when the trader is waiting for confirmation of a break of a key level before entering in the direction of breakout.

By |2018-09-04T14:48:30+00:00September 4th, 2018|0 Comments

About the Author:

SCM_2018

Leave A Comment