Can I use pending orders to trade in FXOpen trading platform?
Your order can be opened and closed automatically by using pending orders option and stop lose and take profit options. FXOpen dealing platform provides sophisticated order entry and tracking. Orders may be entered at any rate – inside or outside the existing spread – using the following orders types: orders types: • Limit orders An order to buy or sell Foreign Currency, or pairs of Currencies, at a specified price or exchange rate. A Limit Order to buy generally will be executed when the ask price equals or falls below the price or exchange rate specified in the Limit Order. A Limit Order to sell generally will be executed when the bid price equals or exceeds the price or exchange rate specified in the Limit Order. Customers should note, however, that market conditions may often prevent execution of an individual Customer’s Limit Order despite other dealing activity at that price level. If a trader is long USD/CHF is 1.4627, a limit order would be entered to sell dollars above that pr
