Limit Order
A set limit order lets you set the minimum or maximum price where you would like to sell or buy currency. This allows you to benefit from rate fluctuations beyond trading hours and delay to your desired rate.
Limit Orders are ideal for clients who’ve a future payment to produce but who still have time for you to achieve a better exchange rate as opposed to current spot price ahead of the payment should be settled.
N.B. when placing a stop limit buy order there exists a contractual obligation that you should honour the agreement when we’re able to book on the rate that you have specified.
Stop Order
An end order enables 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 generate a limit order that’ll be automatically triggered in the event the market breaches your stop price and Indigo will purchase your currency only at that price to successfully don’t encounter a much worse exchange rate when you need to produce your payment.
The stop allows you to benefit from your extended time period to purchase the currency hopefully in a higher rate and also protect you in the event the market would have been to go against you.
N.B. when putting a Stop order there exists a contractual obligation so that you can honour the agreement when we’re capable of book the speed at your stop order price.
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