Level: Beginner / Length: 20 minutes
In this introduction to you’ll be taken through the basics of trading forex options. ‘Options’ may sound like a complicated and complex financial term but in reality they don’t have to be. We’ll introduce you to the key concepts and look at what’s involved.
FX options can be a useful addition to any investment strategy, whether it’s a simple ‘directional play’ – that simply means a currency pair moving higher or lower - or a large portfolio. FX options can be used as a direct investment tool for expressing a view in the market, or as a ‘hedging tool’ in conjunction with existing positions. Forex options could play an important part in your future investments. And please note – whilst forex options isn’t a complicated product, if you’re completely new to Forex trading, we recommend that you take our introduction course to forex.
In this course you’ll learn about:
- Trading FX options
- Call and put options and their uses
- How to use options for protection and to limit losses
- Applying leverage to your positions
- And show you how trades take place and their potential outcomes.
The materials published on all Saxo Group websites should not be considered as financial, investment, tax, trading or other advice, or recommendation to invest or disinvest in a particular manner. Saxo Markets assumes no liability for any losses resulting from trading in accordance with a perceived recommendation or reliance on Saxo material. Past performance is not indicative of future results.