Limit Order

A set limit order allows you to set the minimum or maximum price at which you want to buy or sell currency. This enables you to reap the benefits of rate fluctuations beyond trading hours and delay on your desired rate.

Limit Orders are fantastic for clients who have another payment to create but who continue to have time for you to gain a better exchange rate as opposed to current spot price prior to payment has to be settled.

N.B. when placing a what is stop order and limit order you will find there’s contractual obligation for you to honour the agreement as capable to book with the rate which you have specified.
Stop Order

An end order enables you to chance a ‘worst case scenario’ and protect your important thing when the market was to move against you. It is possible to create a limit order which will be automatically triggered if the market breaches your stop price and Indigo will buy your currency at this price to make sure you don’t encounter an even worse exchange rate when you really need to make your payment.

The stop enables you to reap the benefits of your extended period of time to get the currency hopefully in a higher rate but in addition protect you when the market ended up being not in favor of you.

N.B. when locating a Stop order there’s a contractual obligation that you should honour the agreement as capable of book the speed at your stop order price.
For more details about what is a sell limit order visit this popular site: learn here