Placing a pending order is a powerful strategy for traders who prefer to automate entries at specific price levels rather than placing instant market orders. If you're using Exness, a globally recognized forex and CFD trading platform, understanding how to use pending orders efficiently can greatly enhance your trading precision and risk management.

This Exness guide will walk you through everything you need to know about placing pending orders—what they are, how they work on the Exness platform, and step-by-step instructions to get started. Currently, The domain name exnessbroker.io is the official subdomain of exness.com.

What is a Pending Order in Trading?

A pending order is a type of instruction you set on your trading platform to buy or sell a financial instrument at a predefined price in the future. Unlike market orders, which execute immediately at the best available price, pending orders are executed only when specific price conditions are met.

There are several types of pending orders available on Exness:

- Buy Limit: Buy below the current market price.

- Sell Limit: Sell above the current market price.

- Buy Stop: Buy above the current market price.

- Sell Stop: Sell below the current market price.

- Buy Stop Limit and Sell Stop Limit: Advanced combinations offering more control over entry and execution.

Why Use Pending Orders on Exness?

There are several advantages to using pending orders, especially for those who want to implement disciplined, automated strategies:

- Precision: Enter trades exactly where you want, even when you're away.

- Efficiency: Avoid emotional decisions by pre-defining your strategy.

- Flexibility: Combine with stop loss and take profit levels for effective risk management.

About us Exness provides a robust infrastructure that ensures pending orders are executed accurately and with minimal slippage, even in volatile markets.

How to Place a Pending Order on Exness

Follow these steps to place a pending order using the Exness trading terminal (MT4/MT5 or WebTerminal):

Open a Trading Platform

Login to your Exness account and choose your preferred trading terminal:

- MetaTrader 4 (MT4)

- MetaTrader 5 (MT5)

- Exness WebTerminal (browser-based)

Select the Trading Instrument

Choose the symbol (e.g., EUR/USD, XAU/USD, BTC/USD) for which you want to place a pending order.

Open the Order Window

Right-click on the chart or symbol and choose "New Order". A new order window will appear.

Choose Order Type

Under "Type", select "Pending Order" from the dropdown menu.

From the pending order options (Buy Limit, Sell Limit, Buy Stop, Sell Stop), select the one that suits your strategy.

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Enter Price and Volume

- Price: The exact level at which the order should be triggered.

- Volume: The lot size (e.g., 0.10, 1.00).

- Optionally set Stop Loss and Take Profit levels to control your risk and reward.

If you want the pending order to cancel itself after a certain time, check the "Expiry" box and set the date and time.

Click "Place" to confirm the order. Your pending order is now active and will be executed once the market reaches the specified level.

Managing and Modifying Pending Orders

After placing the order, you can easily view it in the "Trade" tab of your terminal. From here, you can:

- Modify price levels.

- Adjust stop loss and take profit.

- Change expiry date.

- Cancel the order if it is no longer needed.

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Exness ensures that all modifications are processed in real-time, giving traders the agility they need in fast-moving markets.

Pending orders are a powerful tool for any trader looking to automate strategies and improve discipline in volatile markets. Thanks to its user-friendly platforms and precise order execution, Exness makes placing and managing pending orders simple and efficient.

Contact information:

- Email: cvvinhuy@gmail.com

- Phone number: 035 658 0036

- Address: Ho Chi Minh City, Vietnam

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