There are different order types available on the MetaTrader 4 trading platform. These orders enable traders to buy or sell an asset instantly at market price, or to place pending orders.

With pending orders traders don't need to constantly monitor the price action, waiting for the price to reach the desired level. Instead, if a trader wants to buy or sell an asset at a fixed price, they can place a pending buy or pending sell order.

Discover in this video the different types of market and pending orders available on the MT4 trading platform and how to master the use of the most common order types available to traders.

Learn More

If you would like to know more about the methods and reasons for using each type, along with their advantages and disadvantages, please read our complete article Understanding Forex Order Types: Buy Limit, Buy Stop, Sell Limit, Sell Stop, & Market Order.