Limit Order
A limit order allows you to set the minimum or maximum price at which you would like to purchase and sell currency. This allows you to make the most of rate fluctuations beyond trading hours and hold out for your desired rate.
Limit Orders are ideal for clients who may have the next payment to generate but who still have time for you to achieve a better exchange rate than the current spot price prior to payment should be settled.
N.B. when locating a stop order example you will find there’s contractual obligation that you should honour the agreement when we’re capable to book with the rate you have specified.
Stop Order
An end order permits you to attempt a ‘worst case scenario’ and protect your main point here in the event the market ended up being to move against you. You can create a limit order which will be automatically triggered if your market breaches your stop price and Indigo will get your currency at this price to make sure you do not encounter an even worse exchange rate when you require to generate your payment.
The stop lets you take advantage of your extended time frame to purchase the currency hopefully at a higher rate but also protect you in the event the market was to oppose you.
N.B. when placing a Stop order you will find there’s contractual obligation that you should honour the agreement while we are capable to book the pace your stop order price.
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