I am looking to do covered calls, preferably with spot. PFG's demo FX platform is pictured on the left in the image I uploaded in my previous post. I do not know anything about their live accounts or their over the phone trading.

Forex Options Strangle System

Here's some info on PFGBest and Ikon. They seem almost identical... Ikon has lower margin here, but I have some other demo short calls open on that platform... not sure how they affect margin.

Forex Options Strangle System

Thanks. The options spread makes sense now. I knew it was something like that. I have also noticed the use of the word "spread" for other trading meanings; confusing, although I guess the idea is the same: the space between two price points. When I ...

Forex Options Strangle System

Ikon, spreads, margin — I was hoping to fish for some further commentary on Ikon. They seem to have the exact same options platform as PFGBEST. Any ideas on how to compare the two? Also I want to ask for a quick review on spreads. How do ...

Forex Options Strangle System

I tried Alpari for a little bit. It seems like you can open a live account now, but you say it's not live yet? I mentioned in post 169 that the payouts and spreads seemed bad... I couldn't really put my finger on it; needs a direct comparison to ...

Forex Options Strangle System

Hm interesting... Do you know how margin works in options accounts? I think I'd like to try a few stabs at things like the FXE and EUI, but will probably be looking at a small account deposit. I'm not sure if either of those ETFs require lots of a ...

Forex Options Strangle System

I'm in the U.S. I'm seeing that most ETFs trade in increments of 100 shares. That requires you to have at least a $10,000 account. ETFs seem so much better than OTC options (learningmarkets has some videos on this). I would think that everyone with ...

Forex Options Strangle System

"CurrencyShares" is a brand name owned by the Rydex company as far as I can tell. I was just wondering how they differ from the pure exchange options. I'm much more interested in covered call strategies as just mentioned. Saxo seems like the easiest ...

Forex Options Strangle System

Ok. I guess my question is, what is the difference between something like a CurrencyShares option and a CME option?

Forex Options Strangle System

I'm reading that CurrencyShares ETFs are some sort of branded option? Is that related to the exchanges we were discussing, or something different? Sorry if I'm going on and on here, but I'm still having a hard time separating and comparing my ...

Forex Options Strangle System

Awesome. That is a great distillation of what I need to know. It sounds like CME is a good place to start. Now I just need to know how I find out what platforms CME options are on, and how I learn the available ticker symbols. ??? Also: Where did ...

Forex Options Strangle System

Ok, thanks. It sounds like my understanding of how Saxo works was correct. As for the non-OTC stuff, I'm still confused as to how I get simple, comparable information about each Currency Option from each exchange, how it moves and what platforms ...

Forex Options Strangle System

Thanks. So CME only does 6 month contracts? I'm confused as to how I actually trade these also... The "View product and vendor codes" link takes me to an overwhelming list of stuff.

Options Trading in Forex

OptionsXpress platform — I'm using the OptionsXpress Xtend platform. The only way to browse things to trade is to enter a symbol. Is there some resource where I can learn what ticker symbols will allow me to trade options on currency pairs? It ...

Forex Options Strangle System

We've been going over brokers in another thread. url if you have some suggestions, I would go ahead and list them.

Options Trading in Forex

Cash market is most appealing out of those. Saxo's minimum $10,000 deposit is too steep for me. OptionsXpress's platform doesn't seem to have access to FX Options. I'm looking at Ikon now. They have 6 different platforms. Very confusing. One seems ...

Forex Options Strangle System

So confusing... so, ISE CME and PHLX are exchanges, and places like Saxo and OptionsXpress are brokers right? It sounds like if you have enough money, you can trade directly on the exchange, if not, you go with a broker middle-man that takes ...

Forex Options Strangle System

How did you find so many alternatives to Saxo? I can't find any in a web search. After looking into those three companies, they all seem pretty exclusive. No easy access to a demo or even an account like with Saxo. I'm not sure I understand the ...

Forex Options Strangle System

Right, sorry; value, not profit. I think The premium is what brought down that 238 by half+, and is also what kept my Long Put loss at 133, because 133 was around what the premiums were. I'm not seeing a huge impact from Delta on the ATM positions I ...

Forex Options Strangle System

Cash balance seems to be updated now... will have to keep a closer eye on it. Forex Options Trading Conditions are blank. I assume that's because I have a demo. If anyone has a screen shot of the basic costs for lots, I would appreciate it. ...

Forex Options Strangle System