The foreign exchange pending order is valid until the investor cancels the pending order or the pending order is triggered. If the investor does not cancel the pending order or the pending order has not been triggered, the pending order will not be cancelled. Therefore, it can be said that foreign exchange pending orders have no validity period.
Detailed explanation of foreign exchange pending order transactions
There are four main types of foreign exchange pending orders. Investors only need to figure out these four types of foreign exchange pending orders, and then they can conduct foreign exchange pending orders. There are four main types of foreign exchange pending orders:
buylimit：and a buy order is placed below the current exchange rate , that is, a long dip. If you think that the exchange rate will rebound up after falling to a certain price, and you can go long at a certain price, you can choose this pending order type.
selllimit：placing a sell order above the current price, that is, shorting on rallies. If you think that the exchange rate will rebound down after rising to a certain price, and you can go short at a certain price, then choose this pending order type.
buystop：placing a buy order above the current price, that is, breaking through and chasing long. If you think that after the exchange rate rises to a certain price, it will determine the upward trend and continue to rise, and you can do long at a certain price, you can choose this pending order type.
Sellstop：placing a sell order below the current price, that is, breaking through and chasing short. If you think that the exchange rate will fall to a certain price and will continue to decline, you can go short at a certain price, then choose this pending order type.