Limit Order
An established limit order enables you to set the minimum or maximum price from which you want to purchase and sell currency. This lets you take advantage of rate fluctuations beyond trading hours and wait for the desired rate.
Limit Orders are ideal for clients who’ve a future payment to produce but who still need time to gain a better exchange rate than the current spot price before the payment must be settled.
N.B. when locating a limit stop order you will find there’s contractual obligation that you can honour the agreement as capable to book in the rate which you have specified.
Stop Order
An end order permits you to run a ‘worst case scenario’ and protect your net profit if your market was to move against you. You’ll be able to set up a limit order that’ll be automatically triggered when the market breaches your stop price and Indigo will purchase currency at this price to make sure you don’t encounter a much worse exchange rate if you want to produce your payment.
The stop permits you to benefit from your extended time period to purchase the currency hopefully at a higher rate and also protect you if your market would have been to go against you.
N.B. when locating a Stop order there’s a contractual obligation that you can honour the agreement as in a position to book the interest rate your stop order price.
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