Stop Orders and Limit Orders (Pending Order)

Project Forex & Brokerage 5BKP24RS6NCR Stop Orders and Limit Orders (Pending Order)
Pending orders are orders to automatically open a Long position / Short only when the price of your order / message is reached. If the price that you order has not been reached, the pending order will still be active and will wait until the price touched that you order. Pending orders can be divided into 2 of Pending Order Pending Stop and Limit Orders.

If you just want to buy at ANY price now, use the Buy Stop Order. And if you just want to sell at BELOW the current price, use the Sell Stop Order.

If you just want to buy BELOW the current price, use the Buy Limit Order. And if you just want to sell at ANY price now, use the Sell Limit Order.

Example: ASK Price now is 2.0000 and you just want to buy (LONG) if the price moves to 2.0050 then you can use the Buy Stop Order. (Remember the open buy / Long price used is the price of ASK!)

Example: The current BID price is 2.0000 and you just want to sell (SHORT) if the price moves to 1.9950 then you can use the Sell Stop Order. (Remember the open sell / Short price used is the BID!)

Example: ASK Price now is 2.0000 and you just want to buy (LONG) if the price moves to 1.9950 then you can use the Buy Limit Order. (Remember the open buy / Long price used is the price of ASK!)

Example: The current BID price is 2.0000 and you just want to sell (SHORT) if the price moves to 2.0050 then you can use the Sell Limit Order. (Remember the open sell / Short price used is the BID!)

Order Types Buy (Long) Sell (Short)
Market Buying at the Ask price then sell at the bid price at the time
Stop Pending Purchase Order on the current price (Ask) Selling below the current price (Bid)
Limit Pending Purchase Order under the current price (Ask) Selling on the current price (Bid)