Limit Order
An established limit order enables you to set the minimum or maximum price at which you would want to sell or buy currency. This allows you to benefit from rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are perfect for clients who’ve a future payment to create but who have time for it to achieve a better exchange rate compared to the current spot price prior to payment has to be settled.
N.B. when locating a limit vs. stop order there exists a contractual obligation that you should honour the agreement when we’re capable to book on the rate which you have specified.
Stop Order
A stop order allows you to attempt a ‘worst case scenario’ and protect your net profit in the event the market would have been to move against you. You’ll be able to generate a limit order that’ll be automatically triggered when the market breaches your stop price and Indigo will purchase your currency with this price to successfully don’t encounter a much worse exchange rate if you want to make your payment.
The stop lets you take advantage of your extended period of time to acquire the currency hopefully in a higher rate but additionally protect you in the event the market would have been to opposed to you.
N.B. when locating a Stop order there is a contractual obligation so that you can honour the agreement while we are capable of book the pace at your stop order price.
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