The foreign exchange market never sleeps. Operating on a 24-hour basis from financial centres around the world, currency values continually peak and trough every hour of the day. Halo Financial delivers best-value deals by continually monitoring exchange rates and using automated currency orders to capitalise on advantageous exchange rates as they arise - around the clock.
With so many other pressures and demands in the working day, many people are unable to afford the time to continually monitor exchange rates. Currency deals are often transacted when time allows, rather than when exchange rates are trading most favourably even though a failure to obtain the most desirable exchange rate is going to cost you money. This is why you need qualified professionals like Halo Financial to monitor the currency markets for you and decide the best time to trade.
Because foreign exchange is traded 24-hours a day, preferential exchange rates will often present themselves during Far Eastern trading hours when European countries are asleep and when banks are closed. Short of staying awake around the clock, how can you take advantage of this? Fortunately there is a simple but effective solution.
Automated currency orders solve these problems and more. They allow you to manage time and foreign exchange risk more effectively. They are popular because they offer the best of both worlds; profit protection and profit enhancement.
This ability to control when you trade and at what exchange rate offers a perfect solution for overseas property buyers, migrants and importers of high value assets. Automated currency orders save private clients money and place them in complete command of their currency risks rather than being at the mercy of the markets or the limited trading hours or uncompetitive exchange rates offered by the banks. Automated currency orders provide security and comfort and eliminate worries about whether you have transacted at the right time, at the right exchange rate.
Automated currency orders are verbal instructions to buy or sell currency at predetermined target levels to enable you to capture exchange rates round the clock. They ensure you use currency volatility to your advantage, gaining protection against currency loss and maximising on any currency gain.
Their flexibility allows them to be used independently or strategically in pairs and adjusted as market conditions allow. Used together, the setting of upper and lower thresholds provides a complete ‘ring fenced’ risk management solution, making currency transactions more predictable.
Automated currency orders are not contracts in the same way as Spot and Forward contracts are. They are market tools that enable you to protect and target exchange rates which once achieved can be used to transact immediately on a Spot contract or with delayed settlements on a Forward contract basis.
As the name suggests, a Stop Loss Order stops losses. It is an automated currency order to buy or sell currency at a predetermined ‘worst case’ exchange rate and is commonly used to protect you against the exchange rate from moving against you. A transaction would only be executed if the exchange rate trades at the agreed level and triggers the automatic buy/sell of currency. Stop Loss Orders can be adjusted to better exchange rate levels when the currency market allows, subject to client approval.
Customer benefits:
A Limit Order enables clients to target advantageous exchange rates for increased profit. It is an automated currency order to buy or sell currency at a predetermined ‘best case’ exchange rate and is commonly used to enhance profit margins. A transaction would only be executed if the exchange rate trades through the agreed level and triggers the automatic buy/sell of currency. Limit Orders can be adjusted to better exchange rate levels when the currency market allows, subject to client approval.
24-hour trading can offer you a genuine competitive advantage. See how Halo Financial can best manage this process, offer the best exchange rates and reduce currency risk with innovative currency solutions. Read more
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Because automated currency orders are tailored risk management solutions we recommend you contact us early to discuss how you can best benefit from them. By registering your interest with us you will also benefit from our analyst’s insight into the currency markets and will receive daily or weekly currency analysis and exchange rate reports which we will email you with, providing a concise and fun insight into why the exchange rates are moving and an easy way to keep abreast of the exchange rates.
Click here to open a trading facility with us now, phone one of our team on +44 (0)20 7350 5474, send us an email or if you would like us to call you back when it is more convenient please use the Call me back facility.
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