So how exactly does a Market Order operate?

Limit Order

A limit order permits you to set the minimum or maximum price of which you desire to purchase or sell currency. This enables you to benefit from rate fluctuations beyond trading hours and hold on to your desired rate.

Limit Orders are fantastic for clients who’ve a future payment to produce but who continue to have time to achieve a better exchange rate compared to the current spot price before the payment needs to be settled.

N.B. when placing a what is stop market order there exists a contractual obligation that you should honour the agreement when we’re in a position to book on the rate 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 will be automatically triggered if the market breaches your stop price and Indigo will get your currency only at that price to actually usually do not encounter a level worse exchange rate when you really need to produce your payment.

The stop allows you to reap the benefits of your extended period of time to acquire the currency hopefully at a higher rate but in addition protect you if your market would have been to opposed to you.

N.B. when putting a Stop order there is a contractual obligation for you to honour the agreement as capable of book the pace for your stop order price.
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