The pending order type allows you to place an order either at a price that is lower than the current market price, or at a price above the current market price, and the order will be automatically executed when the price reaches the price we have set. Orders pending. A pending order is a form of forex trading order in which the trader enters manual data, but the order is ultimately automated in spite of the trader's absence. The pending order can be understood as a trade order, allowing traders to set possible future entries before initiating a transaction. Essentially, pending orders allow traders to plan ahead.