What is order processing

Stop Loss Order and limit order collectively known as processing orders or pending orders, they are essentially instructions that require brokers to trade when an asset reaches a specific price.

Where have you heard of processing orders?

If you are unable to follow the market around the clock, a broker may recommend you to process an order. In essence, processing an order will inform the broker of the actions you want to take in different market scenarios so that they can act quickly without contacting you.

What you need to know about processing orders...

Both types of processing orders tell the broker that you only want to trade when the price of the asset changes.

A stop-loss order tells your broker to make a trade when the asset reaches a specific price. A limit order tells your broker the minimum and maximum number of shares you wish to buy or sell. When a certain price is reached, your broker will make a trade and buy or sell the agreed number of shares.

Processing orders have different expiration dates, ranging from the same day to be valid until canceled (I. E. Remain open until you cancel).

Other types of orders include market Price List and "Execute now or cancel" order.

You must regularly review and process orders to ensure that they continue to meet your objectives and market prospects.