Prior to setting a pending order, bear in mind that these orders enable you to initiate trades in anticipation of future market movements, providing a degree of flexibility in your trading approach.

Pending orders prove especially valuable in volatile markets, where rapid price fluctuations can occur in a brief timeframe. Moreover, they assist in adhering to your trading plan by eliminating emotional decision-making from the equation.

Check out the video below to see step-by-step instructions on how to place a pending order on TradeLocker: