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What is a Pending order?

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If you expect the market to go up or down but don’t wish to enter until a certain price level is reached, you can then place a pending order. The order will not be filled if the price does not reach this level. When the price you have specified has been reached the order will go through.  

A pending order is broken up into six types: 

  1. Buy Limit 
  2. Sell Limit 
  3. Buy Stop 
  4. Sell Stop 
  5. Buy Stop Limit 
  6. Sell Stop Limit
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