# Orders

**Orders are positions waiting to be opened.** 

<figure><img src="/files/vNdrBHFq22D3awZ2O0KZ" alt=""><figcaption></figcaption></figure>

{% hint style="info" %} <mark style="color:blue;">**Glossary for the image above:**</mark> :arrow\_heading\_down:

**Type -** This shows the currency you are trading, whether it's a long or short position and the leverage you used.

**Action -** Displays the current action waiting to take effect.&#x20;

**Size -** The current total position value of the trade.

**Collateral -** This is the amount of USD you have put up, which may be lost in a liquidation.

**Limit Price -** This shows the price at which the trade will execute

**Liq. Price -** This is the price at which your trade will automatically be closed or "liquidated."&#x20;

**Deadline -** This indicates the expiry time of the order.

**Edit -** This allows you edit the current order before it takes effect.

**Cancel -** This allows you to cancel the order before it takes effect.&#x20;
{% endhint %}


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