Maybe not offered in Australia. I think the laws there and the South Pacific have been changing.
http://www.pfgbest.com/platforms/BESTDirectFXOptions/
http://www.pfgbest.com/platforms/BESTDirectFXOptions/
Forex Deconstruction System (A Mr. Mark So inspired system) 13 replies
Any Options, Bull Options & Option Bit 39 replies
Strangle strategy for options 1 reply
Scaling & Straddle/Strangle Combination - Awesome Potential!! 4 replies
Dislikedhi. anyone of you have tried XTB? i would like to try but i need your opinions if any. thank you.
trade safeIgnored
DislikedGCI and Finotec don't have an option to select United States when opening a live account, so those are out for me.
XTB has some weird setup where you have to send them forms in the regular mail. I imagine they don't serve the U.S. anyway.
Some reviews on Citi:
http://www.forexfactory.com/showthread.php?t=72462...Ignored
QuoteDislikedI'll try to step through the transactions on a Leg Failure:
1) ENTRY: Sell 100K GBPUSD Call 1.6700 Strike 12.17.09 Expiry when the GBPUSD is at 1.6200. Collect 16 pips.
2) FAILURE: GBPUSD reaches 1.6700 on 12.09.09. The 12.17.09 Call has 8 days left in it.
3) ROLL: There are two transactions in the roll done simultaneously:
.....a) Buy 100K GBPUSD Call 1.6700 Strike 12.17.09 Expiry . Pay 87 Pips, making you down 71 Pips.
.....b) Sell 100K GBPUSD Call 1.7800 Strike 02.17.09 Expiry. Collect 85 Pips, making you net up 14 pips....
DislikedHi scattergood,
I understand that the costs for this example are theoretical, but aren't they very generous?...Ignored
DislikedHi all,
I wanted start a thread to discuss a Forex Options Strangle System (FOSS), as I have been applying a similary system to equity indexes for the last year with good success. I have become a pretty conservative trader over the last few years and focus as much or more on how not to lose and how to reduce drawdown as I have been on maximizing returns. You have to survive in order to fight another day. Thus, on index options, over the last 7 months I am up 16% with no more than a 2% draw down on a monthly basis.
Because of that success, I...Ignored
DislikedBut the big question is what to do when I am wrong. When the price moves towards one of my strikes? Well, in that case I just eat the loss and buy back the option, and immediately turn around and sell another one, further out of the money, further out in time, and a little smaller, basically just looking to make back my loss. Since if I lose on one side, I keep all the money on the other.
....................
Example trade
============
So here is a live trade I just made:
GBPUSD: 1.6150
Sell 100,000 GBPUSD Call @ 1.6700 9-17 expiry...Ignored
DislikedHello Scattergood,
Thanks for the help in this thread. Please could you explain what do you mean if you lose on one side you keep the other side?
And keeping the $160 on $1000 of margin?
[i]"Thus if you are short a Call and Short a Put, you only have to use...Ignored
Disliked1) No it means that if you are short a call and short a put, you can only lose on one of them. The price of a currency cannot be both up and down at the same time. Thus the broker only asks for margin on one side at a time. Thus you collect premium on two sides, but provide margin on one.
2) No you only keep the premium you collected, no more. Theta means that some portion of the premium needed to buy the position back goes away each day because there are fewer days left on the option.Ignored