Limit Order
A limit order allows you to set the minimum or maximum price of which you would want to purchase and sell currency. This enables you to benefit from rate fluctuations beyond trading hours and hold out for the desired rate.
Limit Orders are best for clients that have the next payment to produce but who continue to have time and energy to have a better exchange rate than the current spot price prior to payment must be settled.
N.B. when placing a stop limit order definition there exists a contractual obligation that you should honour the agreement while we are capable of book on the rate which you have specified.
Stop Order
A stop order lets you chance a ‘worst case scenario’ and protect your important thing if the market was to move against you. You’ll be able to set up a limit order that is to be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency with this price to actually usually do not encounter a much worse exchange rate when you need to make your payment.
The stop permits you to make the most of your extended timeframe to purchase the currency hopefully at the higher rate but also protect you in the event the market would have been to oppose you.
N.B. when placing a Stop order you will find there’s contractual obligation for you to honour the agreement while we are in a position to book the pace for your stop order price.
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