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Thanks for the additional notes Cswim, I'll look into the rollover and nearby comparison as part of my research. Thanks again. Took another spot position 90 this morning too. Cheers

Thanks for the reply HappyTrader, I'll never take any advice the wrong way...we can all learn something in someone's comments. My risk aversion is simply I will never risk more than 2% on a trade and usually if I get 50 pips offered up then I start to close the trade out and leave just a...

Stops on spot position moved to 1.3200 level protecting profits of 65 pips. If price clears this consolidation then I think thumbs up for the 1.3400 option call. Then I can assess what profits look between the spot and option positions.

Here are the details for the USDCAD..... I've also bought the Spot price as well.

OK so looking at USDCAD again buying a 1.3400 call with November expiry the premium is 196CAD. How do I determine what a 1pip move in the underlying will mean in the option? The option before you buy it says breakeven 1.3576 but if USDCAD hit 1.3400 tomorrow with so much time left on the...

Thanks for the reply Vanzandt. I'm 80%+ FX and the remainder Indexes. With the options I'm not looking for instant gratification. For example if I buy USDCAD 1.3400 call today I would use (or plan to use) an expiry a few months out so if the initial move goes in favour it still has time also...

Thanks for the reply, I think that's what I need to do as I need to see how the options premium rises and falls with the factor of time. Take USDCAD as an example it has spent much of the past few months in consolidation and I can see it breaking out. I got stopped at break even a few times...

Thanks for the reply TradeCat.... OK I suppose the wording "investment" may have been technically wrong as I only speculate. I have no interest in holding positions for more than a few weeks with options with the majority of my trading for the past year being largely intra day with an average...

Hello, I'm looking for some advice and guidance from the community regarding options and if I should be considering this as an alternative investment vehicle. I currently trade spot forex (part-time) and although I'm making small monthly gains consistently my interfering with trades and...