What makes market Order function?

Limit Order

A set limit order lets you set the minimum or maximum price of which you would like to purchase and sell currency. This allows you to reap the benefits of rate fluctuations beyond trading hours and delay to your desired rate.

Limit Orders are fantastic for clients who have another payment to make but who still need time and energy to gain a better exchange rate than the current spot price prior to the payment should be settled.

N.B. when locating a what is stop limit order there’s a contractual obligation so that you can honour the agreement when we’re in a position to book at the rate that you’ve specified.
Stop Order

A stop order allows you to manage a ‘worst case scenario’ and protect your bottom line if the market ended up being to move against you. You are able to create a limit order that will be automatically triggered if the market breaches your stop price and Indigo will purchase your currency with this price to actually do not encounter a much worse exchange rate when you require to create your payment.

The stop allows you to take advantage of your extended timeframe to acquire the currency hopefully at the higher rate and also protect you when the market would have been to go against you.

N.B. when locating a Stop order there is a contractual obligation that you should honour the agreement as capable to book the interest rate your stop order price.
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