Newbie question - executing forex options - Aussie Stock Forums

Results 1 to 2 of 2
  1. #1

    Default Newbie question - executing forex options

    Hello all,

    I'm very new to forex, so please excuse me if this is an embarrassingly newb question. I've opened a demo trading account with IG Markets (who seem to have a nice platform), who allow you to place and sell a call option, but not actually execute the option.

    Do any brokers that you know of allow you to execute currency options, such that you can buy the currency at the strike price, or directly give you the diggerence between the strike and spot price?

    For instance, yesterday, I bought a EUR/GBP call option at 8360, and it would have been perfect to execute it at 8440, as it would have then been possible to make a substantial profit by selling the currency back to the market.

    Is this sort of thing possible with an online broker?

  2. #2

    Default Re: Newbie question - executing forex options

    Many traders be fond of more sophisticated options strategies in their trading but a lot of times the straightforward call options trade is the most appropriate trade for the market condition.

Similar Threads

  1. Company options - basics
    By Gordon in forum Beginner's Lounge
    Replies: 22
    Last Post: 27th-January-2010, 11:33 PM
  2. Newbie question - forex hedging
    By GLR in forum Forex
    Replies: 1
    Last Post: 18th-September-2008, 11:29 AM
  3. Dividends in options
    By j4mesa in forum Derivatives
    Replies: 6
    Last Post: 16th-February-2008, 10:39 PM
  4. Forex Options (futures options)
    By Hopeful in forum Forex
    Replies: 3
    Last Post: 12th-April-2007, 06:21 AM
  5. Options questions
    By Dukey in forum Beginner's Lounge
    Replies: 7
    Last Post: 13th-February-2007, 07:22 AM


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums