{"id":13567,"date":"2024-09-18T08:59:58","date_gmt":"2024-09-18T08:59:58","guid":{"rendered":"https:\/\/xlence-com.wp-dev.int.theitops.net?post_type=lessons&p=13567"},"modified":"2026-01-23T09:29:23","modified_gmt":"2026-01-23T09:29:23","slug":"lesson-13-market-vs-pending-orders","status":"publish","type":"lessons","link":"https:\/\/www.xlence.com\/en\/lessons\/lesson-13-market-vs-pending-orders\/","title":{"rendered":"Lesson 13- Market vs Pending Orders"},"content":{"rendered":"\n

Market vs Pending Orders<\/em><\/strong><\/h2>\n\n\n\n

In this lesson, we will explore the types of orders available to traders.<\/p>\n\n\n\n

What is an order?<\/strong><\/p>\n\n\n\n

An order is a set of instructions sent using a broker\u2019s MT4 platform to buy or sell any given
trading instrument. It is the command to start or stop trading. You can enter a position
by buying or selling a trading instrument and exit a position by closing an existing position.<\/p>\n\n\n\n

Order types<\/strong><\/p>\n\n\n\n

Orders fall into two categories, based on their activation timeframe:<\/p>\n\n\n\n

1. Market orders:<\/strong> Market orders are orders to execute a position instantly at the best
available price. You can enter or close a position instantly at the current market price with
just a push of a button.<\/p>\n\n\n\n

2. Pending orders:<\/strong> Pending orders are not executed immediately. Instead, they are executed
when certain conditions are met. For example, a pending order could be set to start buying
EUR\/USD once the instrument reaches a specific price. Pending orders can also be used to
close existing positions.<\/p>\n\n\n\n

In our next lesson, we will look closely at the different types of pending orders.<\/p>\n","protected":false},"excerpt":{"rendered":"

Market vs Pending Orders In this lesson, we will explore the types of orders available to traders. What is an order? An order is a set of instructions sent using a broker\u2019s MT4 platform to buy or sell any giventrading instrument. It is the command to start or stop trading. You can enter a positionby […]<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-13567","lessons","type-lessons","status-publish","hentry"],"acf":[],"yoast_head":"\nMarket vs Pending Orders Explained | Lesson 13<\/title>\n<meta name=\"description\" content=\"Lesson 13 explains market vs pending orders, how traders place and execute orders, and when each order type is used in trading.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.xlence.com\/en\/lessons\/lesson-13-market-vs-pending-orders\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lesson 13- Market vs Pending Orders\" \/>\n<meta property=\"og:description\" content=\"Lesson 13 explains market vs pending orders, how traders place and execute orders, and when each order type is used 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