Pending Orders
What is a pending order?
A pending order is an instruction to open or close a trade if the price reaches, or crosses the level that you have specified earlier. A pending order therefore becomes an open order, once it is triggered. This is especially useful when you don’t have time to constantly watch the market. Just decide a price you wish to trade at, and the system will do the rest.
What is a limit order?
A limit order is an instruction to buy a CFD at no more than a specific price, or to sell it at no less than a specific price. This gives you control over the price at which the limit order is executed.
What is a take profit order?
A take profit order automatically closes an open trade when the price reaches a specified threshold. Take profit orders are used to lock in profits when you are unavailable to monitor your open trades. For example, if you buy shares of company XYZ at 109.58 and you want to take your profit when the price reaches 110.00, you can set this price as your take profit threshold. If the bid price reaches 110.00, the open trade is closed by the system and your profit is secured.
What is a stop loss order?
A stop loss order can help you protect against unnecessarily large losses, and therefore manage your risk effectively. A stop loss automatically closes an open trade if the price moves against you and reaches the level you specify. For example, if you buy shares of company XYZ at 109.58, you could set a stop loss at 107.00 – then, if the bid price falls to this level, the trade is automatically closed, thereby capping your losses.
Why has my pending order not been executed?
The price which you specified for the order was not reached.
Can I set both profit and loss amounts for my open trade?
Yes. You can determine both the profit you want to reach and the loss you can afford. Your trade will be closed out if one of these parameters is reached.
