Test “Pending Orders”

Test: Pending Orders

1 / 4

What are pending orders?

a) Automatic trade execution when a certain price is reached

b) Automatic trade execution after a specified period of time

c) Automatic trade execution when a certain price is reached and after a specified period of time

d) Reopening of a losing trade under the same conditions

2 / 4

If it is anticipated that the price will continue to rise, what type of pending order should be set?

a) Buy Stop

b) Sell Stop

c) Sell Limit

d) Buy Limit

3 / 4

In what case should a Sell Limit pending order be placed?

a) If a reversal of an upward trend is anticipated

b) If a reversal of a downward trend is anticipated

c) If a continuation of an upward trend is anticipated

d) If a continuation of a downward trend is anticipated

4 / 4

What type of pending order is placed below the current price?

a) Buy Limit

b) Buy Stop

c) Sell Stop

d) Options B and C

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