🔥 EverTrader. The only prop firm that will fully refund your fee right after Phase 1* 🔥

Celebrating 3000 Traders! Use coupon code: 3000TRADERS to get 10% off. Valid until March 24.

  • 00Days
  • 00Hours
  • 00Minutes
  • 00Seconds

Extended: Low prices end on Tuesday 2/21. Join other traders now.

Days
Hours
Minutes
Seconds

Mid year sale! Get 15% off with coupon code: MIDYEAR15 (Valid till June 30)

Days
Hours
Minutes
Seconds

Get 10% off for your Evaluation. Use coupon code: GET10. Valid only until April 28.

  • 00Days
  • 00Hours
  • 00Minutes
  • 00Seconds

Get funded by EverTrader. Your skills, our capital. 

Get 10% off with coupon code: AUGUST10 . Valid until August 15th.

What is a Pending Buy Limit Order

In this article, we will explain what the Buy Limit order is.

 

When trading in the financial markets, there are basically two ways to open a trade – immediate execution and pending order. With a pending order, your trade is opened as soon as the market reaches the level you have selected.

 

The buy limit is placed below the current market price.

 

A buy limit allows you to set a buy order below the current market price and is most often placed when you expect a bounce from a certain price level. This means that if the current market price is $20 and the buy limit price is $18, then as soon as the market reaches the $18 price level, a buy position is opened.

More articles