Limit Order
A restriction order lets you set the minimum or maximum price at which you would want to sell or buy currency. This allows you to benefit from rate fluctuations beyond trading hours and hold on on your desired rate.
Limit Orders are perfect for clients that have an upcoming payment to make but who continue to have time and energy to have a better exchange rate than the current spot price ahead of the payment needs to be settled.
N.B. when locating a different types of stock orders there is a contractual obligation that you can honour the agreement while we are capable to book with the rate that you have specified.
Stop Order
An end order allows you to run a ‘worst case scenario’ and protect your bottom line if the market was to move against you. You’ll be able to set up a limit order that is to be automatically triggered when the market breaches your stop price and Indigo will purchase your currency only at that price to successfully tend not to encounter a level worse exchange rate when you really need to produce your payment.
The stop enables you to make the most of your extended period of time to purchase the currency hopefully at the higher rate but also protect you when the market ended up being to go against you.
N.B. when putting a Stop order you will find there’s contractual obligation that you can honour the agreement if we are capable to book the interest rate for your stop order price.
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