Limit Order
A restriction order permits you to set the minimum or maximum price where you desire to buy or sell currency. This allows you to make the most of rate fluctuations beyond trading hours and delay for the desired rate.
Limit Orders are perfect for clients who’ve the next payment to produce but who have time for it to achieve a better exchange rate than the current spot price prior to payment must be settled.
N.B. when putting a limit order vs stop limit there exists a contractual obligation that you can honour the agreement if we are capable of book in the rate you have specified.
Stop Order
A stop order enables you to run a ‘worst case scenario’ and protect your bottom line in the event the market was to move against you. You can create a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will buy your currency at this price to successfully tend not to encounter a much worse exchange rate if you want to create your payment.
The stop permits you to take advantage of your extended timeframe to buy the currency hopefully in a higher rate but in addition protect you when the market would have been to opposed to you.
N.B. when locating a Stop order you will find there’s contractual obligation that you can honour the agreement while we are capable to book the interest rate for your stop order price.
More information about limit order example visit our site: read