Limit Order
An established limit order lets you set the minimum or maximum price of which you desire to purchase or sell currency. This lets you make the most of rate fluctuations beyond trading hours and hold on to your desired rate.
Limit Orders are best for clients who may have an upcoming payment to produce but who continue to have time to achieve a better exchange rate compared to current spot price ahead of the payment needs to be settled.
N.B. when locating a what’s a stop limit order you will find there’s contractual obligation that you should honour the agreement as in a position to book with the rate which you have specified.
Stop Order
An end order allows you to attempt a ‘worst case scenario’ and protect your net profit if your market ended up being move against you. You are able to start a limit order which will be automatically triggered if the market breaches your stop price and Indigo will purchase currency only at that price to actually tend not to encounter an even worse exchange rate when you need to make your payment.
The stop allows you to take advantage of your extended timeframe to buy the currency hopefully in a higher rate and also protect you if the market ended up being 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 able to book the speed your stop order price.
More information about what is stop market order go to see this net page: read this