Market orders with Halo Financial
Tailored market orders: take control of your forex trading strategy
When it comes to foreign exchange, understanding the benefits of different market orders is essential to determine which strategy is best suited to your foreign exchange needs. Using a market order, you can inform your currency specialist when you would like to purchase foreign currency. This trading strategy allows you to capture exchange rates around the clock and buy and sell currency at a predetermined target level. Foreign exchange (forex) orders are valuable currency hedging solutions that allow you to target a better exchange rate whilst protecting against future currency fluctuations. If you would prefer to plan ahead and better manage your budget, an expertly guided Halo Financial market order is the currency trading solution for you.
THE OPPORTUNITY
Enhanced risk management with market orders
Limit orders
A limit order gives you the control to target a better exchange rate than is available when placing the order. It is an instruction to buy or sell currency at a predetermined “best case” exchange rate, with automatic trade execution if achieved. By exchanging at a better exchange rate, you will receive more currency for your money. This is ideal for targeting a specific exchange rate and waiting for the market to work in your favour.
Stop-loss orders
A stop-loss order reduces the risk of currency exposure and helps to protect against exchange rates moving against you by providing a minimum exchange rate you can budget against. Once achieved, your currency trade will be completed automatically and you won’t be required to settle your successful currency pair until your order is fulfilled. If mitigating the risk of foreign exchange exposure is a priority for your trading strategy, a stop-loss order will help you to manage any unexpected currency fluctuations.
Combination
Combine a limit and stop-loss order to set both upper and lower exchange rate levels around the current exchange rate. This effectively “automates” your currency exchanges by automatically executing your order if your desired rate reaches the limit specified, or drops to your stop-loss level. This solution protects your hard-earned money from unfavourable exchange rate movements whilst maximising the benefit of any positive exchange rate movements.
OUR APPROACH
Market orders tailored to your exact foreign exchange requirements
With Halo Financial, you can confidently place forex orders knowing that your foreign exchange risk is mitigated. Your dedicated currency specialist provides expert advice based on currency market trends and skilled market analysis, helping you to make an informed decision about your desired currency pairs. With the support of your expert currency specialist, you’ll find a solution that best meets your currency exchange requirements. As a valued Halo Financial client, we’ll also regularly review your trading strategies to ensure they meet your changing foreign exchange needs.
Flexibility and leverage against currency volatility
We offer the flexibility to modify or cancel your limit or stop-loss order as needed, for however your foreign exchange requirements change. A combination of both limit and stop-loss orders also means that you don’t have to continually monitor the exchange rates to know that you’re securing a desirable currency trade. You can also enjoy peace of mind knowing that your market orders are monitored by a devoted currency specialist, regardless of which direction the currency market fluctuates.
Protect against foreign exchange risk
Enjoy protection against foreign exchange losses whilst maximising any currency gains by setting a predetermined “worst case” exchange rate for buying or selling currency. Our market orders allow you to easily define your foreign exchange risk and reward boundaries so that you can take advantage of favourable currency fluctuations whilst protecting yourself against negative currency exposure.
Hassle-free foreign exchange
Market orders relieve the burden of constantly monitoring the markets by setting a predetermined exchange rate for your chosen currency pair. As a “good till cancelled” (GTC) foreign exchange solution, market orders sit in the market until triggered or cancelled or expired. You don’t have to worry about placing a favourable currency trade thanks to our informed market insights, with the exchange rates monitored 24 hours a day, 5 days a week.
WHAT TO EXPECT
Reliable account management and award-winning client services
We’re proud to offer a range of market orders that facilitate the forex trading requirements of our clients. We follow a simple 3-step process when working with our clients to provide the best currency solutions possible.
- Discuss your specific currency requirements with your dedicated currency specialist to develop the best-suited solution
- We’ll develop a bespoke strategy tailored to your needs, accounting for your individual risk management
- Your currency specialist will continue to monitor the currency market and review this strategy to ensure it meets your requirements.
FAQs
Here are the most frequently asked questions about online currency trading.
What is the difference between a limit order and a stop-loss order?
A limit order sets a “best case” currency exchange rate which goes through automatically if achieved. On the other hand, a stop order automatically completes an order once the specified “worst case” currency exchange rate has been reached.
How can I get notified of favourable exchange rates?
As a Halo client, you’ll be updated on any exchange rate fluctuations that might affect your desired currency pairs for your future market orders. Alternatively, you can also request to receive automated updates by email on a daily, weekly and monthly basis for the latest currency market updates.
Is it free to register with Halo Financial?
Yes, it’s free to register for a Halo Financial account. It’s a simple process and approval usually takes only a few minutes for a personal account. Either register online or over the phone on 020 4527 1842. As soon as you are registered, you can begin immediately benefitting from our expert market analysis and insights.
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