Limit Order
An established limit order permits you to set the minimum or maximum price at which you desire to purchase and sell currency. This allows you to benefit from rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are fantastic for clients who’ve the next payment to produce but who continue to have time and energy to gain a better exchange rate as opposed to current spot price prior to payment must be settled.
N.B. when placing difference between stop loss and limit order you will find there’s contractual obligation for you to honour the agreement while we are able to book with the rate that you have specified.
Stop Order
An end order permits you to chance a ‘worst case scenario’ and protect your bottom line in the event the market ended up being move against you. You can set up a limit order which will be automatically triggered if your market breaches your stop price and Indigo will purchase currency only at that price to ensure that you usually do not encounter a much worse exchange rate when you need to generate your payment.
The stop allows you to make the most of your extended time frame to buy the currency hopefully at the higher rate but additionally protect you if the market was to go against you.
N.B. when locating a Stop order there is a contractual obligation for you to honour the agreement while we are able to book the rate for your stop order price.
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