Orders and Stop Losses

There are times during the trading day where exchange rates just do not get to the levels that a customer wishes to trade at, yet overnight the impact of international market information takes the exchange rate to the desired price. TransGlobal offers its customers the ability to place an order where by a target rate is set and once achieved the currency trade will be executed. Alternatively, should a business not wish to go below a certain exchange rate they can place a stop loss order where when the specified target rate is achieved the trade is executed helping to keep their price above a set lower level.