Limit Order
A limit order allows you to set the minimum or maximum price from which you would like to purchase or sell currency. This lets you reap the benefits of rate fluctuations beyond trading hours and hold on to your desired rate.
Limit Orders are best for clients who’ve an upcoming payment to produce but who still need time and energy to gain a better exchange rate compared to the current spot price prior to the payment has to be settled.
N.B. when putting a different types of orders in stock market there is a contractual obligation so that you can honour the agreement when we’re in a position to book with the rate which you have specified.
Stop Order
A stop order allows you to chance a ‘worst case scenario’ and protect your bottom line in the event the market ended up being move against you. It is possible to set up a limit order which will be automatically triggered in the event the market breaches your stop price and Indigo will buy your currency with this price to successfully don’t encounter a level worse exchange rate if you want to create your payment.
The stop permits you to take advantage of your extended timeframe to purchase the currency hopefully with a higher rate but additionally protect you if the market was to not in favor of you.
N.B. when placing Stop order there’s a contractual obligation so that you can honour the agreement while we are in a position to book the speed at your stop order price.
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