Pending Orders

Current Price is a level where a price is - at the current moment. if you open a MetaTrader, you will see a level at which price is. the level keeps on fluctuating. During forex news the price will shoot up or down and make a significant shift.
Is far much easier to set pending orders with a Computer than with a phone

Pending Order instructs your broker to automatically buy or sell a currency when the market reaches a certain price. This type of order differs from a market execution order, which instructs your broker to immediately buy or sell at the current price.

See Current Price at 1.73528, our pending order is at 1.73701, when market goes up and hit the pending order at (1.73701) the platform will tell the broker to sell or buy depending on the type of pending order.

There are 4 Types of Pending Orders

Which Are: Buy Stop, Sell Stop, Buy Limit, Sell Limit.

We will use only Buy Stop and Sell Stop

a) Buy Stop - if you wanna buy when market is going up, you can use Buy Stop order to Specify the price level you want price to reach before you automatically want your Buy Order to be executed. 

So, a buy-stop order is an instruction to buy a currency pair at the market price once the market reaches your specified price or higher; that buy price needs to be higher than the current market price.

b) Sell Stop - if you wanna sell when market is going down, you can use Sell Stop order to specify the price level you want price to reach before you automatically want your Sell order to be executed.

So, a sell-stop order is an instruction to sell a currency pair at the market price once the market reaches your specified price or lower; that sell price needs to be higher than the current market price.

Buy Stop Should be set at a price level that is higher than current price, Sell stop should be set at a prce level that is lower than the current

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