sunny brummie

Hi

I have placed a 'market order' with HI FX so that when the £/AUD reaches a certain price they will automatically buy AUD on my behalf.

What I have been wondering is what about when HI FX Australia have closed but trading is still happening because of the time difference in UK and rest of the world?

In other words if we reached my desired price and it was weekend here would I still get my AUD ??

Thanks

seang

edit
as this has been moved to HIFX forum I have edited my reply as its relating to a different company. Apologies

pingpong

don't hold your breath, the pound's about to take a whack even further with the RBS and cut in interest rates. 0.45 isnt a bad deal so i'd do a deal now. whats your limit set at?

Umpatan

What you can do is short the Pound and buy AUD. This way, you won't lose money. The pound will fall, and you will make money because AUD is a commodity currency. It is pretty much a gurantee that you will make money if you buy CAD/GBP, as Gold and Oil can only go up in the long scheme of things.

Auckland1

Good morning Sunnie Brummie,

Market orders are live until cancelled and trigger at any point 24/7 if the market reaches your agreed level whatever the day or time. This is the beauty of using market orders and are commonly used to achieve your desired rate.

If you have any other queries please don't hesitate to ask.

Nathan Cheeseman - Head of Private Client Services - HiFX