There's a big difference between pending orders. Or, at least, should be.
Stop orders (= buy stop, sell stop, stop loss) become market orders when triggered. That's a rule as you're in a price (liquidity) taker role with them.
Howewer, with a proper broker, limit orders (= buy limit, sell limit, take profit) shouldn't become market orders, since you're effectively not a price taker, but a price maker there - your limit orders should hang in the orderbook for other participants to be filled. Per definition, they should be filled at the exact quote, or not filled at all.
But apparently, in our MT4 retail world, most 'brokers' don't adhere to these key principles at all. Those who do let you place limit orders inside the spread, one U.S. based broker even pays you for your limit orders that get filled because with limit orders, you're actually providing (instead of consuming) liquidity.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.
Sorry! We don't do any tests on your browser, if you want to explore a full usability of out application, please use the last version of "Google Chrome".