How does a MOEX Market Order work?
General Information
What is MOEX?
What is Technical Analysis?
What is the Relative Strength Index (RSI)?
How is the RSI reading calculated?
What does ‘Overbought’ mean?
What does ‘Oversold’ mean?
Do I need to know about trading to use MOEX?
Functionality
How does MOEX work?
What is a MOEX Rate Alert?
What is a MOEX Market Order?
Can I set a minimum rate?
Can I have multiple MOEX running at the same time?
Does MOEX work for forward contracts?
How will I be updated on my MOEX order?
Can I cancel a MOEX order?
What currencies does it work with?
Can I set up a MOEX order myself?
Dynamic Splits
What are Dynamic Splits?
How is the Initial Calculation of Dynamic Splits done?
What is the Recalculation of Dynamic Splits?
Can you provide examples of Dynamic Splits?
- If you need to convert £100k over 20 business days, the initial calculation would split the amount into four £25k portions. If the first £25k is booked on day 2, given there are still 18 days remaining, the £75k would be split between four and the next trade would be set for £18,750. Once the first 5 days have passed and there is another recalculation, the recalculation would now divide the £75k by three and there would be three splits, each for £25k.
- For a £30k conversion over 20 business days, only three splits would be created since four splits would fall below the minimum £10k split value.
Ease of Use and Benefits
Why is using MOEX easier than monitoring exchange rates myself?
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Automated Monitoring
MOEX continuously monitors currency exchange rates on an hourly basis, freeing you from the need to track the market manually. This automation ensures that you don’t miss any critical movements or opportunities that could arise at any time, even when you’re not actively watching the rates.
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Technical Analysis Expertise
MOEX leverages the Relative Strength Index (RSI), a sophisticated technical analysis tool, to analyse market trends and identify overbought or oversold conditions. Instead of manually analysing charts and data, MOEX automatically applies this expertise to your trading, making informed decisions easier.
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Instant Alerts and Execution
MOEX provides instant alerts when favourable trading conditions are detected, such as an RSI reading of 70 or above. Additionally, it can automatically execute trades on your behalf when these conditions are met, saving you time and effort compared to manually placing trades.
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Risk Management
MOEX uses features like Dynamic Splits to manage your trading risk by breaking down large trades into smaller portions over time. This approach helps in achieving a more balanced average rate and reduces the risk associated with making a single, large trade at one price.
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Simplified Decision-Making
With MOEX, you receive straightforward notifications or have trades automatically executed based on predefined conditions. This reduces the complexity of decision-making and allows you to act on clear signals without needing to constantly analyse or second-guess the market.
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Time Efficiency
Monitoring exchange rates manually requires significant time and attention. MOEX automates this process, allowing you to focus on other tasks or activities while still ensuring that your trades are optimised based on real-time data and sophisticated analysis.
Still have questions?
How can I get in touch to understand more about MOEX?
Disclaimer
MOEX is designed to assist your trading decisions, but it’s important to be aware of the risks involved in financial transactions. Past performance does not necessarily indicate future results. Always consider your financial situation and risk tolerance when using MOEX or any other trading tool.
