Option barriers?

What exactly are 'options' and 'option barriers'? I keep seeing these terms on the fxcm order board and elsewhere, with phrases like "options at 1400". Would someone please explain?

Thank you!

hi,
informatons about options can you find here
http://www.forex-options.com/



regards

Frank

Interesting. {trying to avoid confusing terminology [option/Options]}
After reading the info on the site it seems that there is no turning back after you have placed your order.

If I Buy a DNT 5 days out and 2 days after I do, realize I'm wrong, I'm stuck. Even with Time Erosion, I do not appear to be able to sell my option to another Risk Taker at a Lower Price.

Am I understanding them correctly? Anyone Trading Fx Options?

Options Barrier:
Trader "A" {usually large institutions} Trading to protect an Options Strike Price.

eg.
EUR/USD Currently @ 1.2716
Trader "A" is Holding 1.2700 - 1.2800 DNT {Low Strike - High Strike}
Trader "A" steps in to Buy Spot EUR/USD @ 1.2705 {or sooner}
OR
Trader "A" steps in to Sell Spot EUR/USD @ 1.2795 {or sooner}

He does this to protect his {probably} larger Options Play.

I dug up this thread about options if it helps

http://www.forexfactory.com/forexfor...ead.php?t=2904