Limit Order
A restriction order allows you to set the minimum or maximum price where you desire to purchase or sell currency. This lets you make the most of rate fluctuations beyond trading hours and hold on for the desired rate.
Limit Orders are perfect for clients who have another payment to make but who have time and energy to gain a better exchange rate as opposed to current spot price prior to the payment has to be settled.
N.B. when placing difference between stop loss and stop limit order you will find there’s contractual obligation so that you can honour the agreement when we’re capable of book on the rate you have specified.
Stop Order
A stop order enables you to manage a ‘worst case scenario’ and protect your main point here if the market ended up being move against you. It is possible to create a limit order that is to be automatically triggered if the market breaches your stop price and Indigo will purchase currency at this price to make sure you do not encounter a much worse exchange rate when you need to produce your payment.
The stop enables you to take advantage of your extended period of time to buy the currency hopefully with a higher rate but in addition protect you in the event the market ended up being opposed to you.
N.B. when placing Stop order there exists a contractual obligation so that you can honour the agreement when we’re in a position to book the speed for your stop order price.
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