What makes a niche Order perform?

Limit Order

A set limit order permits you to set the minimum or maximum price at which you want to sell or buy currency. This allows you to make the most of rate fluctuations beyond trading hours and delay for your desired rate.

Limit Orders are fantastic for clients who’ve a future payment to produce but who still have time for you to gain a better exchange rate than the current spot price ahead of the payment should be settled.

N.B. when putting a what is a sell limit order there exists a contractual obligation for you to honour the agreement as capable to book with the rate which you have specified.
Stop Order

An end order allows you to manage a ‘worst case scenario’ and protect your main point here if the market ended up being move against you. You can start a limit order that is to be automatically triggered if the market breaches your stop price and Indigo will purchase your currency with this price to actually don’t encounter an even worse exchange rate when you require to generate your payment.

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

N.B. when placing a Stop order there’s a contractual obligation that you should honour the agreement if we are in a position to book the pace your stop order price.
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