{"id":61620,"date":"2026-09-03T17:03:43","date_gmt":"2026-09-03T09:03:43","guid":{"rendered":"https:\/\/www.vtmarkets.com\/en-ca\/uncategorized\/pending-order-definition\/"},"modified":"2026-09-03T17:03:43","modified_gmt":"2026-09-03T09:03:43","slug":"pending-order-definition","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-ca\/trading-glossary\/pending-order-definition\/","title":{"rendered":"Pending order Definition"},"content":{"rendered":"

What Is a Pending Order?<\/strong><\/h2>\n

A pending order is an instruction to buy or sell a product at a specified price in the future. Rather than executing immediately at the current market price, a pending order sits inactive until the market reaches the level you’ve set, at which point it triggers automatically.<\/p>\n

Common Types of Pending Orders<\/strong><\/h2>\n

A buy limit order triggers a purchase once price falls to a specified level, while a sell limit order triggers a sale once price rises to a set level. A buy stop order triggers a purchase once price rises above a certain level, and a sell stop order triggers a sale once price falls below one, each suited to different trading scenarios.<\/p>\n

Why Traders Use Pending Orders<\/strong><\/h2>\n

Pending orders allow a trader to plan an entry in advance without needing to watch the market constantly, which is particularly useful around anticipated breakouts or pullbacks to a specific level. They also help remove some of the emotional decision-making involved in manually timing an entry in real time.<\/p>\n

Pending Orders and Order Expiry<\/strong><\/h2>\n

Most platforms allow a pending order to be set with a specific expiry, after which it’s automatically cancelled if not triggered. Without an expiry set, a pending order may remain active indefinitely, which is worth checking before stepping away from a position you intended to be short-term.<\/p>\n

Pending Orders Aren’t Always Guaranteed to Fill: What to Keep in Mind<\/strong><\/h2>\n

As a precaution, a pending order can still be affected by slippage in fast-moving markets, meaning the price at which it actually executes may differ from the level originally set. Gaps in price, particularly around major news events or market open, can cause a pending order to fill at a notably different level than intended.<\/p>\n

Planning Entries With Pending Orders<\/strong><\/h2>\n

Pending orders are one of the more practical tools for planning a trade in advance rather than reacting in the moment. Understanding the different types available, and how they behave around fast-moving conditions, helps you use them as part of a clear, considered trading plan.<\/p>\n

\u26a0 Risk Warning:<\/strong>CFDs are complex financial instruments and come with a high risk of losing money rapidly due to leverage. Ensure you fully understand how CFDs work and whether you can afford to take the high risk of losing your money.<\/p>\n","protected":false},"excerpt":{"rendered":"

What Is a Pending Order? A pending order is an instruction to buy or sell a product at a specified price in the future. Rather than executing immediately at the current market price, a pending order sits inactive until the market reaches the level you’ve set, at which point it triggers automatically. Common Types of Continue Reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[120],"tags":[125],"class_list":["post-61620","post","type-post","status-publish","format-standard","hentry","category-trading-glossary","tag-trading-basics"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\n\t\t