FX Options Strategies

[Kristianto]

does anybody trade fx options? what type of strategies can you recommend that might work?

 

i am very keen to learn because i use saxo platform and they offer fx options aside from normal spot.

 

would like to find out if i can try and make money off that.

[andre.adamov]

binary options??

i dont think so..

win or lose everything. Its almost to put black or red on the roulette table, just here you dont even have the 1:1 risk reward ratio. when you lose you can say good bye all the money, when you win the profit is max 85% of your position.

 

its only gamble.

[Kristianto]

thanks for the replies.

 

i've checked with saxo, the options available on the platform are not binary options. they are plain vanilla puts and calls. they trying to get me to read their new fx options board webpage for more info http://sg.saxomarkets.com/lp/fxoptions but it looks too technical for me.

 

maybe i just stick to buying and selling spot.