A pending order in the context of trading and investing refers to an instruction to buy or sell a financial instrument at a price that has not yet been reached. Unlike market orders, which are executed immediately at the current market price, pending orders are set to execute only when the price of the security reaches a specified level.
This allows traders and investors to automate their trading strategy, enabling them to buy or sell at their desired price without needing to constantly monitor the market. Pending orders are commonly used in various markets, including stocks, forex, commodities, and others.
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