Limit Order
A restriction order allows you to set the minimum or maximum price from which you would want to sell or buy currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and hold out for the desired rate.
Limit Orders are fantastic for clients who have the next payment to create but who still need time for you to gain a better exchange rate than the current spot price ahead of the payment needs to be settled.
N.B. when placing a difference between limit and market order there exists a contractual obligation for you to honour the agreement when we’re in a position to book at the rate that you have specified.
Stop Order
A stop order permits you to chance a ‘worst case scenario’ and protect your net profit if the market ended up being move against you. You are able to start a limit order that’ll be automatically triggered if your market breaches your stop price and Indigo will purchase your currency at this price to actually tend not to encounter a good worse exchange rate when you require to generate your payment.
The stop allows you to take advantage of your extended timeframe to get the currency hopefully with a higher rate but also protect you in the event the market was to oppose you.
N.B. when locating a Stop order there exists a contractual obligation for you to honour the agreement when we’re capable of book the interest rate your stop order price.
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