Limit Order
A restriction order enables you to set the minimum or maximum price at which you want to sell or buy currency. This allows you to take advantage of rate fluctuations beyond trading hours and hold on for the desired rate.
Limit Orders are ideal for clients that have the next payment to create but who have time for you to acquire a better exchange rate than the current spot price before the payment should be settled.
N.B. when putting a stop limit buy order there exists a contractual obligation for you to honour the agreement while we are in a position to book in the rate which you have specified.
Stop Order
An end order enables you to manage a ‘worst case scenario’ and protect your bottom line if your market ended up being move against you. It is possible to create a limit order which will be automatically triggered if the market breaches your stop price and Indigo will buy your currency as of this price to actually tend not to encounter a level worse exchange rate if you want to generate your payment.
The stop permits you to make the most of your extended period of time to purchase the currency hopefully at a higher rate but additionally protect you if the market ended up being to oppose you.
N.B. when placing Stop order there is a contractual obligation so that you can honour the agreement as capable to book the rate your stop order price.
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