/biz/ - Business & Finance

[optionsN00b !Vzu85lxZu2 No.13025630]

what is best exchange to trade forex options?

[Anonymous No.13025646]

>>13025630
probably in hell you societal leech

learn a trade

[optionsN00b !Vzu85lxZu2 No.13025749]

>>13025646
wow what a fag. i bet you cant even do TA lol

[Anonymous No.13025767]

>>13025630

Without having looked this up, but trading FX options should be made available by any of these major brokers:

Interactive Brokers
Tradestation
TD Ameritrade
possibly Tastyworks
probably some of the bigger EU brokers like IG Markets, too
Dukascopy (degenerate Switzerland)

What's your point? Please, do tell me that it's not, because you read Dadachanjis or James' book about the topic and are now under the assumption this and only this is the holy grail?

[optionsN00b !Vzu85lxZu2 No.13025819]

>>13025767
need a liquid market for selling options on expiration day and even SPY has near zero liquidity in the final hours. but forex trades until the last minute

[Anonymous No.13025830]

>>13025819

So you want to be an options writer and need buyers? Is that it?

[optionsN00b !Vzu85lxZu2 No.13025854]

>>13025830
yes.

[Anonymous No.13025885]

>>13025854

Then you are in need for a FX-specific crowd to help you out getting an idea about liquidity and this goes deeper then what I know about it. Go to: Futures.io and ask your question there. You may want to ask Matt Zimberg of Optimus Futures (via this forum) for help with this, too. You could also try the Trade2Win forum. Just a tiny advice, though: Selling options often goes along the lines of picking up pennies in front of a steam roller. Think about this and take it serious.

[optionsN00b !Vzu85lxZu2 No.13026004]

>>13025885
wait dude i know you. you always post the same pictures. how long you been trading options?

[Anonymous No.13026009]

>>13025630
>le next three hours are crucial for bitcoin man starts another thread
Shamefur dispray.

[optionsN00b !Vzu85lxZu2 No.13026024]

>>13026009
cope

[Anonymous No.13026035]

>>13026004

I trade since about 4,5 years now. Equitites, futures and other derivatives. What do you want to know?>>13026004

[Anonymous No.13026379]

So, I was (and still am) bored and the topic is interesting enough to do some research. Investopedia tells us what I initially felt:

"Not all retail forex brokers provide the opportunity for options trading, so retail forex traders should research any broker they intend on using to ensure they offer this opportunity. Due to the risk of loss associated with writing options, most retail forex brokers do not allow traders to sell options contracts without high levels of capital for protection."

- Saxo has it: https://www.home.saxo/products/forex-options
- TD seems to have it, too: https://www.tdameritrade.com/investment-products/forex-trading.page
- IB has it, of course: https://www.interactivebrokers.co.uk/en/index.php?f=759

[Anonymous No.13026382]

>>13026024
Can't write cope without OP. Coincidence? Don't think so.

[optionsN00b !Vzu85lxZu2 No.13026510]

>>13026382
at least i can spell coincidence correctly. kys

>>13026379
ok thanks i will check out IB. i was using IG but the spreads are huge

[Ripley No.13026568]

>>13026510

In my experience UK brokers are all more or less shit. Not surprised IG fucks you over spreadwise. Go for something from the US, IB is ok.

[optionsN00b !Vzu85lxZu2 No.13027015]

>>13026568
Jesus christ the UI on IB is shit. like dogshit. looks like its from the 90's and its slow af

[Ripley No.13027252]

>>13027015

Are you talking about their web-based trading portal or TWS? I mean, don't get me wrong, both are seriously fubar, but TWS is at least somewhat worth learning. My recommendation if you should be IB focussed: Get AmiBroker and get it set up to work with IB properly.