So how exactly does an industry Order function?

Limit Order

An established limit order permits you to set the minimum or maximum price at which you would want to purchase or sell currency. This enables you to benefit from rate fluctuations beyond trading hours and delay to your desired rate.

Limit Orders are fantastic for clients that have a future payment to generate but who continue to have time and energy to gain a better exchange rate compared to the current spot price prior to payment has to be settled.

N.B. when placing stop limit order definition there is a contractual obligation for you to honour the agreement when we’re capable of book with the rate that you have specified.
Stop Order

An end order allows you to manage a ‘worst case scenario’ and protect your important thing when the market ended up being to move against you. You’ll be able to start a limit order that is to be automatically triggered in the event the market breaches your stop price and Indigo will get your currency at this price to actually do not encounter a level worse exchange rate when you need to make your payment.

The stop lets you reap the benefits of your extended timeframe to buy the currency hopefully in a higher rate and also protect you in the event the market would have been to go against you.

N.B. when putting a Stop order there exists a contractual obligation for you to honour the agreement while we are capable of book the speed for your stop order price.
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