📖 Financial Lexicon Term
What is Pending Order?
An instruction given to a broker to buy or sell an asset at a pre-defined price in the future.
Detailed Explanation
Pending orders allow you to set up trades in advance without watching the charts. They are divided into Limit Orders (buying low, selling high) and Stop Orders (buying high, selling low).
💡 Practical Trading Example
You place a pending Buy Limit on Gold at $1,980. The trade will not activate until price drops to that exact level.