Price volatility increases risks, but it can present new opportunities at the same time. With exchange rates fluctuating every few seconds, marked differences in value can occur over just a few hours.
We can help identify, evaluate and mitigate the day-to-day risks you face, while giving you the tools to take advantage of the associated opportunities.
Market orders can help you target an improved price to the upside and also protect and limit your downside. They are particularly useful for upcoming requirements where there is less time pressure.
A stop-loss order does exactly that – it stops loss. It allows you to set a "worst case" price to trade at below the current market level. Your order will be filled if the market drops to (or past) your protective price.
A limit order provides an upside price target. You set a price target above where the market is currently trading; when the market hits your price, your order is automatically filled.
Market orders are often run together as a combined OCO order ("One Cancels the Other"). The moment that your upper or lower price target is hit, your order will be filled at that price and the other price target is immediately cancelled.
Market orders can be used to trigger either a spot order or a forward contract.