Pending Order

A pending order is an instruction to execute a trade at a specified future price rather than the current market price. Common types include the buy limit (buy below the current price), sell limit (sell above current price), buy stop (buy above current price expecting a breakout), and sell stop (sell below current price expecting a breakdown). Pending orders allow traders to plan entries in advance, reduce the need for constant screen monitoring, and take advantage of specific price levels aligned with their analysis. They cancel automatically if the target price is not reached within the set timeframe.