Quote from riskarb:
Very cool; glad to hear you've taken the plunge. I think we discussed running the spot/no touch; you may want to look into those tickers we talked about. I am sure they'll be quick to implement the exotics into the FXCM platform. Feet to the fire now that Oanda has received some serious capital.
Well if Oanda opened up their platform for free and let some chart/system developers go wild without the 600 dollar charge a month. I think they would be growing alot faster. I like the fact that I can can put out a no touch for less than 12 hours! In FXCM---you got to go over 12 hours.
I went like 2.5 and 3 days on the expirations. The options priced out at about 90 percent of payout ---so it was almost like a one to one payoff with the close expirations. But it has been some of the easiest trades ---I have ever done. Two out of three are going to pay and if the one downside barrier gets hit it will only cut my profit by 1/5th (I risked less money on that one). I just put out no touches in markets I knew were not going anywhere over a few days. Not rocket science.
I really like close expirations. My edge is knowing were the market is going to be or NOT going to be over a few days time frame. Every once in while I catch a big trend ---but usually in pieces. Anything I hold more 2 weeks should get long term Capital Gains tax treatment. I can find Forex trades all day long that I know are NOT going anywhere!!!

