Practice Using Pending Orders On XAU-USD

The pending order strategy has gained popularity among futures market traders. This situation is due to the high efficiency of the working technique, which allows it to reduce the psychological stress of market participants and to open profitable positions in conditions of sharp price changes. With the help of this strategy, the profitability of a forex trade can be increased several times. This strategy can be used by beginners, as well as professionals in order to increase trading efficiency.

Pending orders are orders that are not placed at the current price. Prices are set above or below the current price. If the price that the trader ordered has not been reached, then the pending order is still active and will wait until the price that the trader ordered is touched. When the price is reached, it will automatically be bought or sold. Pending orders can be divided into 2, namely pending stop orders and limit pending orders.

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