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.