Limit Order
An established limit order permits you to set the minimum or maximum price of which you want to sell or buy currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and delay for the desired rate.
Limit Orders are ideal for clients who have another payment to make but who still have time for you to achieve a better exchange rate compared to current spot price prior to payment needs to be settled.
N.B. when placing stop order example there is a contractual obligation so that you can honour the agreement as able to book on the rate that you’ve specified.
Stop Order
An end order enables you to attempt a ‘worst case scenario’ and protect your bottom line if your market was to move against you. You are able to generate a limit order which will be automatically triggered if the market breaches your stop price and Indigo will get your currency only at that price to ensure that you don’t encounter a good worse exchange rate when you really need to produce your payment.
The stop allows you to benefit from your extended time frame to buy the currency hopefully at the higher rate but additionally protect you in the event the market ended up being go against you.
N.B. when locating a Stop order there exists a contractual obligation so that you can honour the agreement while we are able to book the speed at your stop order price.
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