I would of thought short term retail OTC options would be over priced regardless of volatility and difficult to scalp in the manner described. When I think currency options, I think contract options over GLOBEX... not binary/digital or other fixed ...

How FX options can affect spot price heading in to expiration

What sort of analysis can you apply to forecast moves as little as 5-10 pips? With the random noise alone of hedging & purchasing transactions isn't it really difficult to get right?

Strategies to manage lower Market Volatility and PA

Srmfx, Do you predominantly use options to express your ideas in the market? I ask this because the initial post of the thread suggests you were using spot positions at the time.

Following the big money

This confirms my suspicions and also questions how anyone other than the agencies you list could publish current options activity.

How FX options can affect spot price heading in to expiration

I think there may be some merit to this form of analysis but personally I can't see how the average retail broker who provides the options information could genuinely cope with the exercising of a 500mio position and have the account in the first ...

How FX options can affect spot price heading in to expiration

Your point is valid and yes it is a possibility that he doesn't want to use his own method to become inordinately wealthy as surprising as that sounds (there is no evidence to suggest he could do this if he wanted). However, I do think my original ...

After years in trading, do you still believe in get-rich-fast BS?

Presumably you're referring to OTC options as exchange traded currency options would normally be for a futures contract and not the spot/cash currency. With this in mind, how would you determine which strike prices are important based on only having ...

How FX options can affect spot price heading in to expiration

Grin I think you are confusing two very different things. Mark Douglas does not claim to be a professor educating you on the basic concepts of the subject for you to interpret and expand upon, quite the contrary. He specifically states that if you ...

After years in trading, do you still believe in get-rich-fast BS?

JR, I've often pondered the good that speculation provides to society. Luckily for me, I have convinced myself that speculation is a righteous pursuit that adds value to society, here is a short explanation... Markets allow business to manage risk A ...

Speculation: does it prick your conscience, too?

Be careful with the message in this book, I've read it myself a few times over the years and also watched his workshop How To Think Like a Professional Trader ( url ) where he explains his ideas clearer than the book in my opinion. The approach he ...

After years in trading, do you still believe in get-rich-fast BS?

Returns are not indicative of "Trading Skill". Across this forum you will find many traders with a high level of expertise in charts, fundamentals and other esoteric approaches to trading. Their skill in execution, identifying an opportunity based ...

After years in trading, do you still believe in get-rich-fast BS?

'consistent trading method' is an interesting paradox.

After years in trading, do you still believe in get-rich-fast BS?

Are you just trading your brokers OTC options here or exchange traded options?

Following the big money

Nothing can help you predict the future with certainty, that is not why I recommend learning more about the markets.

At What Point Do You Give Up On Forex

I couldn't agree more with your summary of the pollyannism advocated in pretty much every book/forum/resource available on the subject. There are many reasons why strictly trading spot currencies using conventional methods is analogous to running on ...

At What Point Do You Give Up On Forex

And what do you call multilateral government intervention in currencies other than manipulation?

Why the stock market is the easiest market to trade

If you are bored or looking for new ideas.. try learning more about the financial markets in general and how you as a forex trader fit in. It might give you a better idea of what actually goes on outside of the charts an the subset of the market ...

At What Point Do You Give Up On Forex

The skill is knowing when your luck has run out.

Need luck or skill for trading?

I don't know if you know but gambling facilities aren't limited to the roulette wheel where you're probabilistically more likely to lose the longer you play. There is such a thing as a professional gambler who wagers on events looking for value or ...

Trading vs gambling

What is the difference between one man having a strategy for picking value horses and you having a forex strategy? both could be considered an edge (by the speculator). Gambling/Speculation/Trading/Investing are all in essence the same thing... ...

Trading vs gambling