Limit Order
A restriction order permits you to set the minimum or maximum price at which you desire to purchase and sell currency. This allows you to make the most of rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are best for clients who may have another payment to make but who continue to have time to achieve a better exchange rate compared to the current spot price prior to payment must be settled.
N.B. when locating a what is a stop market order there’s a contractual obligation so that you can honour the agreement while we are capable of book on the rate you have specified.
Stop Order
An end order permits you to chance a ‘worst case scenario’ and protect your net profit if the market was to move against you. It is possible to create a limit order that will be automatically triggered in the event the market breaches your stop price and Indigo will purchase currency with this price to successfully usually do not encounter a much worse exchange rate when you need to generate your payment.
The stop permits you to benefit from your extended time period to buy the currency hopefully in a higher rate but in addition protect you if the market was to go against you.
N.B. when placing Stop order there’s a contractual obligation so that you can honour the agreement if we are able to book the interest rate your stop order price.
To learn more about different types of orders in stock market go to this popular net page: check it out