By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Dubai News ClubDubai News Club
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Press Releases
Reading: What is FX Order Watch and How does it Work?
Share
  • English
    • العربية
0

No products in the cart.

Notification Show More
Latest News
AWS’ transcription platform is now powered by generative AI
November 28, 2023
Some Google Drive for Desktop users are missing months of files
November 27, 2023
YouTube is now getting into games
November 27, 2023
Sports Illustrated reportedly published articles from fake AI authors
November 27, 2023
Amazon’s $1.7 billion deal to buy iRobot is running into some objections
November 27, 2023
Aa
Dubai News ClubDubai News Club
0
Aa
  • Business
  • Finance
  • Lifestyle
  • Tech
  • Middle East
  • Africa
  • Press Release
Search
  • Home
  • Business
  • Finance
  • Tech
  • Lifestyle
  • Press Release
  • Africa
  • Middle East
  • English
  • العربية
Have an existing account? Sign In
Follow US
  • Privacy Policy
  • Terms and Conditions
  • Contact
  • Submit Press Release
© 2022 Dubai News Club. All Rights Reserved.
Dubai News Club > Middle East > What is FX Order Watch and How does it Work?
Middle East

What is FX Order Watch and How does it Work?

Press Room
Press Room November 15, 2023
Updated 2023/11/15
Share
5 Min Read
SHARE

DUBAI, UAE (ARAB NEWSWIRE) – Forex exchange (FX) trading refers to buying and selling currencies with the aim of making profits. This trade takes place in the foreign exchange market, a global place that operates round the clock from Monday to Friday. The key participants of FX trading include individual traders, banks, and corporations. The trading is executed over the counter (OTC), where traders exchange currency pairs termed as ‘Forex Pair.’ These pairs indicate the current market value of one currency in relation to the other. To earn profit in forex trading, traders need to speculate on currency value fluctuations which are influenced by factors like market sentiments, geopolitical events, economic indicators, interest rates, etc.

What is FX Order Watch?

Banks and financial institutions offer FX Order Watch as a service to simplify foreign exchange trading. This service allows traders to place an exchange order at their desired exchange rate and tenure. FX Order Watch monitors the foreign exchange market continuously over the chosen period, and once the preferred rate is achieved, the trading is conducted automatically on the trader’s behalf. This financial tool provides traders with flexibility that can potentially enhance their trading outcomes.

How does FX Order Watch work?

With this financial service, traders can set a target exchange rate for a forex pair and choose the duration within which they want the exchange to take place. The FX Order Watch monitors the currency markets during this period without any pause. The exchange is automatically processed if the target is reached, and the trader’s selected account is debited or credited accordingly. Traders can choose from two types of orders with durations ranging from one to ninety days.

Following are the two types of orders:

  • Simple Order– True to its name, this process allows a trader to place one order at a time with their preferred exchange rate and timeline. They can choose to place either a buy order or a sell order. The FX Order Watch automatically conducts the transaction once the target is attained within the specified timeline. However, if the desired target is not attained within the specified time the order expires.
  • One Cancels-Other Order (OCO) – In contrast to simple order, this process allows a trader to place two orders simultaneously. The FX Order Watch executes the order that reaches the target first, while the other is automatically nullified.

Benefits of a FX order watch

The following are the benefits of an FX Order Watch:

  • Freedom from constantly monitoring the market, as the tool executes trades automatically.
  • Flexibility to set preferred exchange rate and tenure.
  • Authority to change or cancel orders at any time.
  • Diversification of assets across currencies.

FX Order Watch revolutionizes the trading experience by automating the exchange based on the trader’s desired exchange rates and time. It offers substantial benefits to a diverse range of global investors, particularly those who trade in multiple currencies. Experienced traders can leverage the tool’s flexibility to select preferred exchange rates and timeframes along with their market expertise to maximize their potential trading returns. This service is invaluable for people who want to diversify their asset allocation across various currencies. FX Order Watch empowers every trader to leverage market fluctuation and unlock a world of possibilities in the dynamic foreign exchange market. Besides FX trading, investors may consider diversifying their portfolio with other investment options like Mutual Funds, Fixed-income, Securities, Structured Notes, Equities, and ETFs.

About iQuanti

iQuanti ignites powerful and predictable digital marketing performance for global brands with an approach rooted in data science and deep vertical knowledge.

Notice:

Opinions, analyses, reviews, or recommendations expressed in this article are those of the select editorial staff’s alone, and have not been reviewed, approved, or otherwise endorsed by any third party.

This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™.



Source

You Might Also Like

Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success

PMO Summit Honors Organizations and Individuals with Global Excellence Awards

CRETA Announces Game Development Program Featuring New Project by Street Fighter Ⅱ Creator

Leo Ventures Launches 10 Million Venture Capital Fund to Finance Tech Startups

NORDEK Launches “NORDEK Finnovate” – A $10 Million Grant Program Revolutionizing Web3 Payments

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

    By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
    Press Room November 15, 2023
    Share this Article
    Facebook TwitterEmail Print
    What do you think?
    Love0
    Sad0
    Happy0
    Sleepy0
    Angry0
    Dead0
    Wink0
    Previous Article Credit Card: What is it and how does it work?
    Next Article Tesla’s Cyberquad for Kids is back and officially a toy again
    Ad imageAd image

    Latest News

    AWS’ transcription platform is now powered by generative AI
    Tech November 28, 2023
    Some Google Drive for Desktop users are missing months of files
    Tech November 27, 2023
    YouTube is now getting into games
    Tech November 27, 2023
    Sports Illustrated reportedly published articles from fake AI authors
    Tech November 27, 2023

    You Might Also Like

    Middle East

    Scitecs and HubSpot collaborate to Launch ‘Accelerate Middle East Program’ Supercharging Startup’s success

    November 24, 2023
    Middle East

    PMO Summit Honors Organizations and Individuals with Global Excellence Awards

    November 23, 2023
    Middle East

    CRETA Announces Game Development Program Featuring New Project by Street Fighter Ⅱ Creator

    November 22, 2023
    Middle East

    Leo Ventures Launches 10 Million Venture Capital Fund to Finance Tech Startups

    November 21, 2023
    Middle East

    NORDEK Launches “NORDEK Finnovate” – A $10 Million Grant Program Revolutionizing Web3 Payments

    November 19, 2023
    Middle East

    OceanX Launches Mission in the United Arab Emirates in Partnership with The Environment Agency – Abu Dhabi (EAD), G42 and Bayanat

    November 16, 2023

    Citibank – Top Wealth Management Products Offered by Citi

    November 15, 2023
    Middle East

    Credit Card: What is it and how does it work?

    November 15, 2023
    Dubai News ClubDubai News Club
    Follow US

    © 2022 Dubai News Club. All Rights Reserved.

    • Privacy Policy
    • Terms and Conditions
    • Contact
    • Submit Press Release
    Join Us!

    Subscribe to our newsletter and never miss our latest news, podcasts etc..

      Zero spam, Unsubscribe at any time.

      Removed from reading list

      Undo
      Welcome Back!

      Sign in to your account

      Lost your password?