Limit Order
A limit order enables you to set the minimum or maximum price at which you would like to purchase or sell currency. This enables you to make the most of rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are ideal for clients that have an upcoming payment to generate but who have time to achieve a better exchange rate than the current spot price ahead of the payment has to be settled.
N.B. when putting a what is limit order to buy there is a contractual obligation that you can honour the agreement as capable to book on the rate which you have specified.
Stop Order
An end order enables you to attempt a ‘worst case scenario’ and protect your net profit in the event the market ended up being move against you. You can start a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase your currency as of this price to make sure you do not encounter a good worse exchange rate when you require to make your payment.
The stop permits you to take advantage of your extended period of time to purchase the currency hopefully with a higher rate but in addition protect you when the market was to go against you.
N.B. when placing a Stop order you will find there’s contractual obligation that you can honour the agreement if we are able to book the rate your stop order price.
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