Open order意思
"Open order" is a term used in the context of trading and finance, particularly in stock markets, forex, and other securities trading. An open order is a standing order to buy or sell a security at a specified price or better. Once the order is executed, it becomes a filled or completed order. If the order is not executed, it remains open until it is canceled by the investor or trader, or until the specified conditions are met.
Open orders can be of different types, such as:
- Market orders: These are orders to buy or sell at the current market price.
- Limit orders: These are orders to buy or sell at a specific price or better.
- Stop orders: These are orders to buy or sell when a security reaches a certain price.
- Stop-limit orders: These are orders that combine the features of stop orders and limit orders.
Investors and traders use open orders to automate their trading strategies, ensuring that their trades are executed according to their predetermined plans, even if they are not at their trading terminal when the market moves in their favor. Open orders can help in implementing a disciplined approach to trading, as they allow investors to set their criteria for entering or exiting a position without the need for constant monitoring of the markets.