Limit Order
An established limit order permits you to set the minimum or maximum price of which you want to purchase or sell currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and wait for your desired rate.
Limit Orders are fantastic for clients that have another payment to create but who have time for it to gain a better exchange rate compared to the current spot price prior to payment has to be settled.
N.B. when locating a how does a limit order work you will find there’s contractual obligation that you can honour the agreement while we are in a position to book at the rate which you have specified.
Stop Order
A stop order lets you attempt a ‘worst case scenario’ and protect your bottom line if the market ended up being move against you. You can start a limit order which will be automatically triggered if the market breaches your stop price and Indigo will buy your currency only at that price to successfully don’t encounter an even worse exchange rate if you want to make your payment.
The stop lets you reap the benefits of your extended time period to acquire the currency hopefully with a higher rate and also protect you when the market was to opposed to you.
N.B. when locating a Stop order there is a contractual obligation that you can honour the agreement as capable to book the rate for your stop order price.
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