Assume a bullish view that the current EURUSD forex rate of 1.1 will increase further. Many people think of the stock market when they think of options. However, the foreign exchange market also offers the opportunity to trade these unique derivatives. Options give retail traders many opportunities to limit risk and increase profit.
Here we discuss what options are, how they are used and which strategies you can use to profit.Tutorial: Top 10 Forex Trading RulesTypes of Forex OptionsThere are two primary types of options available to retail forex traders. Settlement prices on instruments without open interest or volume are provided for web users only and are not published on Market Data Platform (MDP). These prices are not based on market activity.