Limit Order
A set limit order enables you to set the minimum or maximum price where you would like to purchase or sell currency. This allows you to make the most of rate fluctuations beyond trading hours and hold on on your desired rate.
Limit Orders are ideal for clients that have an upcoming payment to make but who continue to have time for it to acquire a better exchange rate compared to current spot price ahead of the payment must be settled.
N.B. when placing a how does a limit order work there’s a contractual obligation that you can honour the agreement if we are capable to book on the rate which you have specified.
Stop Order
An end order allows you to manage a ‘worst case scenario’ and protect your net profit in the event the market was to move against you. It is possible to create a limit order which will be automatically triggered when the market breaches your stop price and Indigo will purchase your currency at this price to successfully usually do not encounter a level worse exchange rate when you really need to create your payment.
The stop permits you to make the most of your extended period of time to purchase the currency hopefully in a higher rate but in addition protect you in the event the market would have been to opposed to you.
N.B. when placing Stop order there exists a contractual obligation that you can honour the agreement as able to book the speed your stop order price.
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