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Pending orders allow you to enter position at a price point of your choosing. This removes the pressure of having to keep track of price movements which could lead to emotional trading
Putting it in more simple words:
A Buy or Sell order placed but which is yet to be executed is called pending order.
Essentially, when placing a pending order a trader informs their broker that they do not want the current market price, but rather they only want their order executed if the market price reaches a certain level. Pending orders fall into two categories, limit orders and stop orders.
To make a pending trade that is executed “By the time” (at a specified time), you need to select an asset. Click on the clock to set the open time. In the calendar that appears, set the date and time when the trade must be placed
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